Mews has secured $100 million in credit financing to enhance its competitive edge in the SaaS sector for hospitality, positioning itself as a market leader.
Founder Richard Valtr emphasized, "The market is ripe for consolidation. The funds from Vista Credit Partners further progress our position to continue investing in M&A."
Mews aims for rapid growth through acquisitions; its purchase of HS3 Hotelsoftware added 3,500 properties, underscoring its aggressive expansion strategy.
Valtr highlighted the challenges of digital transformation, stating, "Many hospitality brands run their systems with legacy, on-premise technology," as a barrier to advancement.
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