Hotel Property Management and Reservation System Acquisition
Kansas City, KS. – MindSpring Software Inc. (www.mindspringsfotware.com) a software application development firm and Immersion-Tech Inc. a hospitality specific firm, announced today that they have entered into a definitive agreement pursuant to which Immersion-Tech will acquire from MindSpring Software a sub-unit called Hotel SmartSuite (www.hotelsmartsuite.com). The application called Hotel SmartSuite is a Web-Based Software-as -a-Service Hotel Property Management System and Central Reservation System; this system is used to run the entire day to day operations of the hotel and drive reservations.
“With this strategic acquisition, we are adding new product offerings and new markets to our footprint and serving a existing audience with a new line of products. We’re very excited to bring our amazing new products to new markets” said Mark Swanson Immersion-Tech CEO and president.
“We are please to be handing over the ownership of this application and business unit to such a high quality company as Immersion-Tech. We thank all of our team and staff who have done an excellent job over the years.” said Garen Armstrong MindSpring Software’s Founder.
Completion of the acquisition is subject to the satisfaction of customary closing conditions for transactions of this type. The terms were not disclosed.