Gasti, the property management platform for short-term rentals and the hospitality industry, acquires Spain’s Kigo, Australia’s HiRUM and Europe’s YieldPlanet – three platforms that serve property managers around the world. The teams of the acquired companies will integrate into Gesti, which is expected to expand its global activities, both in the field of development and in sales and customer service. The announcement comes shortly after Gasti completed a capital raising of $170 million intended to accelerate the expansion of the company’s services to additional property types and geographic expansion.
The Spanish company Kigo, has been operating for about a decade in the field of short-term asset management, and serves many clients in Europe and the USA. The HiRUM company has been operating for about twenty years, with clients from Australia, including hotel operators, and the solution it developed is aimed at large and small property managers. The company provides managers of hotels and hospitality sites with an end-to-end software solution, with the help of property management software, software for managing ledgers and managing marketing and communication channels with customers.
YieldPlanet provides revenue management and asset marketing solutions through a SaaS platform that syncs with asset management software to provide a single point of control for channels, reducing labor time, administrative costs and increasing distribution.
Begesti clarifies that the companies will work together to create a holistic platform that serves all of their customers to create a solution for the flexible management of different types of assets, including apartments, hotels and resorts, on one platform.
Amiad Soto, co-founder and CEO of Gasti: “Guesty, Kygo, Hyrum Wild Planet see joining forces as the right way to advance the global hospitality industry, which is currently fragmented among many players. The continued advancement of technology and property management services requires significant resources and financial investment that can only be achieved by combining the best teams in the industry and regional players under One entity. The acquisitions will allow us to expand our activities in additional markets, including Australia, which are now in full bloom and recovery after the corona virus, while maximizing the advantages of each of the companies and combining them together.”
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