Yanolja acquires U.S. hospitality solutions company Innsoft for US$8.3 mln
SEOUL, April 6 (Yonhap) -- Yanolja Cloud Pte., the tech affiliate of South Korean booking platform Yanolja Inc., said Thursday it has finalized a deal to acquire Oregon-based Innsoft Inc. for US$8.3 million in a bid to expand its hospitality solutions services in North America.
Yanolja Cloud Pte. plans to launch a new line up of hospitality management solutions targeting the North American market, as well as a new self check-in kiosk within this year with Innsoft by utilizing Innsoft's existing infrastructure, network and expertise.
Innsoft is a U.S. hospitality solutions company offering various hotel management software solutions. Its partners include global reservation platforms, such as Booking.Com International B.V. and Expedia Group Inc.
Yoon gov't unveils National Security Strategy highlighting N.K. threat
4 Chinese, 4 Russian military planes enter S. Korea's air defense zone without notice: S. Korean military
(LEAD) S. Korea wins seat on U.N. Security Council for 2024-25
S. Korea expresses 'stern' protest to China, Russia over air defense zone incursion
(LEAD) 4 Chinese, 4 Russian military planes enter S. Korea's air defense zone without notice: S. Korean military