Valsoft Continues Hospitality Expansion with Acquisition of Welcome Systems
MONTREAL, Feb. 05, 2018 (GLOBE NEWSWIRE) – Valsoft Corporation Inc. (“Valsoft“), a Montreal-based company specialized in the acquisition and development of vertical market software businesses, is pleased to announce the acquisition of Welcome Systems Ltd. (“Welcome Systems”), a leading provider of cloud-based hospitality solutions in the United Kingdom.
Welcome Systems’ cutting-edge Hotel Management software and all-inclusive online table booking system will enable Valsoft to expand its hospitality software portfolio with next generation technology and tools that empower its customers to meet competitive marketplace demands and increase profits.
Welcome Systems was founded in 1984 by Nick Chudley to improve the operations of his family’s hotel and convention center in the county of Northamptonshire. Spotting a gap in the market and a lack of efficient tools, Nick found success writing and selling his own property management software, specifically designed for hospitality businesses. Decades later, Welcome retains an extremely loyal customer base and its premier product, Welcome Anywhere, remains a market leader in its category. Over the past three years, a next-generation management team with solid hospitality experience has continued to fuel Welcome Systems’ expansion by forging strategic partnerships with some of the best service providers and vendors in the industry.
“Welcome Systems’ culture of customer-centric innovation and its ability to successfully launch new technology solutions has been the key to its growth, and we are thrilled to welcome its talented team into our family of companies,” said Michael Assi, CEO of Valsoft Travel and Leisure. “This strategic acquisition is fully in line with Valsoft’s vision to become the preferred global one-stop software solutions provider for independent lodging businesses, and reaffirms our strong commitment to our customers.”
“I am absolutely delighted about this development. Welcome Systems has always been about helping hotels provide a great guest experience through the use of intuitive, feature-rich software,” said John Jones, Managing Director at Welcome Systems Ltd. “Although we have been around for over thirty years, we’re still an ambitious company, full of fresh ideas and innovative thinking. As part of the Valsoft family, Welcome Systems is perfectly positioned to expand its technical capabilities, continue its growth plan, and increase significantly its market share by leveraging the resources, experience, and know-how of a fantastic parent company who shares our core values and goals.”
The acquisition of Welcome Systems is Valsoft’s third investment into the Travel & Leisure software sector. In July 2016, Valsoft acquired InnQuest Software, an established global leader in the hotel management software industry and, in May 2017, it purchased the assets of DockMaster, a leading solutions provider for the management of marinas, boatyards and boat dealerships.
About Welcome Systems:
Welcome Systems Ltd provides innovative software solutions for the hospitality sector in the UK and beyond. Its mission is to empower independent hotels, inns with rooms, pubs, B&Bs, guesthouses and accommodation chains to provide a great guest experience.
Welcome’s ethos supports creative thinking and a brave approach to thoughtful leadership, while remaining approachable and partner-centric.
About Valsoft Corporation:
Valsoft Corporation acquires and develops vertical market software companies to enable each business to deliver the best mission-critical solutions for customers in its respective industry or niche.
Valsoft’s philosophy is to invest in stable businesses and foster entrepreneurial environments that transform companies into leaders in specific sectors. Unlike private equity and VC firms, Valsoft does not have pre-defined investment horizons, aiming instead to acquire, hold, and create value through long-term partnerships with existing management.
Valsoft Corporation was represented by Caroline Harwood of Rooney Nimmo, UK and internally by David Felicissimo, General Counsel & Pamela Romero, Paralegal. Welcome Systems Ltd was represented by John Keeble of DFA Law in Northampton, UK.
Source: Valsoft Corporation
Leeja Murphy, Agence pink
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Published: February 05, 2018