Guestline's cloud software platform supports over 2,900 venues in 23 countries, through its end-to-end distribution, property management and guest experience system that unlocks more revenue, guest satisfaction and agility.
The acquisition presents an exciting opportunity for Access to expand the range of products that it is able to offer hotel operators, who will benefit from a greater range of solutions that best suit their operational requirements.
Commenting on the acquisition, Henry Seddon Managing Director of Access Hospitality, said:
"We are delighted to welcome Guestline to the Access Group. As well as enhancing our ability to serve the requirements of hotel customers through the provision of a tailored product that fulfils their operational needs, the acquisition will enable us to expand into new territories, given Guestline's strength in European and international markets.
We have been particularly impressed with the strength and experience of the Guestline management team and look forward to welcoming our new colleagues into the Access Group."
Andrew McGregor, CEO of Guestline commented:
“Guestline and Access are a natural fit and we are very excited to be joining the Group. The combined Group’s cloud software solution will provide the most comprehensive set of capabilities in the market, making a real difference to hoteliers across the globe. We look forward to working together to expand further into our existing European and Asia Pacific markets which offer very significant growth opportunities.”
Karsten Langer, Riverside Europe Managing Partner added:
“The sale of Guestline marks the sixth exit achieved by the Riverside Europe team over the past 18 months, and again demonstrates our ability to support leading mid-market businesses through organic and inorganic growth initiatives. Despite the challenges of Brexit and Covid-19, Guestline’s revenue and earnings more than doubled during our investment period.”
For further information, please contact:
About The Access Group
The Access Group is a UK -headquartered provider of industry leading business management software to small and mid-sized organisations in the UK, Ireland, US and Asia Pacific. It helps more than 75,000 customers across commercial and non-profit sectors become more productive and efficient. Its innovative Access Workspace cloud solutions transform the way business software is used, giving every employee the freedom to do more of what’s important to them. Founded in 1991, The Access Group employs approximately 6,300 people. www.theaccessgroup.com
About Guestline
Established in the UK, Guestline provide innovative hotel property management and distribution software to the hospitality industry. Founded on cloud-based technology, Guestline’s revenue generating solutions enable hotel groups and independents of all sizes to achieve maximum occupancy at the most profitable rate. Fully integrated into the Guestline distribution and central reservation platforms, the property management software is currently automating operations in over 2900 businesses in 23 countries across 4 continents. The range of products include Rezlynx Property Management System, Online Booking Engine, CRS, Channel Manager, GuestPay Payments, EPoS and GuestStay- guest facing solutions.
The Riverside Company
The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 970 investments. The firm's international private equity and structured capital portfolios include more than 150 companies. Riverside Europe is an integral part of the firm’s broad global network and has invested in Europe since 1989. Riverside believes a truly global presence provides exceptional insight into local conditions, culture and business practices, making team members better investors and business partners.