AI-based SaaS (Software-as-a-Service) company, Yanolja Cloud has invested in InnKey Infosystems Pvt. Ltd, a provider of cloud-based enterprise PMS platform for premium hotels and chains, to accelerate its global hospitality solution business.
Terms of the deal have not been disclosed.
India-based InnKey, launched in 2013, provides its integrated cloud-based PMS platform to full-service hotels and chains both in India and abroad – from a 50-room independent boutique hotel to a 500-room luxury global hotel chain.
Yanolja said its investment in InnKey enhances and complements its global (SaaS) solutions business, as well as leverage and maximise the value and synergies among its group affiliates, including eZee Technosys and ZEN Hospitality Solutions.
The SaaS firm together with its subsidiaries, is offering hospitality management solutions to more than 43,000 clients in over 170 global markets in 60 languages. It has also expanded its business vertical for its solutions business to the travel industry, and leisure, and residential-based spaces based on the scalability of its cloud and AI technology.
InnKey’s integrated cloud-based PMS platform brings everyone in the hotel together, from reservations to financial accounting, which allows for information to flow seamlessly through various departments for business analysis and effective use. Hotel chains can bring all their hotels on a single platform and can take advantage of centralized operations and real-time data consolidation, making InnKey a perfect fit for any hotel or chain looking for a one-stop solution.
Yanolja Cloud added that the investment would will further enhance its hotel solutions line-up, especially for the premium segment of hotels in the global arena.
“We decided to invest in InnKey with a path to acquisition based on their deep domain knowledge, a robust product, and a passionate management team, which we saw as the key formula in expanding and accelerating the business opportunity with an enhanced solutions line-up catering to all types of hotels,” said Andrew Kim, director of global solutions business at Yanolja Cloud.
“With constant research and development in SaaS technology at Yanolja Cloud, we will continue to grow our global solution business and lead the digital transformation of the global hospitality and travel industry.”
Added Viral Shah, co-founder and CEO of InnKey.: “With InnKey’s product expertise and Yanolja Cloud’s global reach and ecosystem, we will be focusing on further enhancing our cloud platform and expand globally as we look to transform the global hospitality industry.”
