London-based HotelRunner said Tuesday that it has acquired the Turkey-based company and has rebranded it as HotelRunner POS.
HotelRunner said it offers a property management system and a set of other software products meant to help hospitality clients streamline sales, operations, distribution management, and more. It also offers a platform where travel companies can connect and do business with one another.
The PayPad technology allows hospitality companies, primarily food and beverage operations, to complete on-premises sales and payments. The tool can be used to accept multiple methods of payments, analyze sales, and more easily take actions based on data. PayPad had clients based in the UK, Spain, the U.S., and Turkey.
“This development represents a momentous shift for HotelRunner as it delves into on-premise sales operations for the first time, highlighting its sales-first approach in the hospitality and travel technology landscape,” HotelRunner said in a statement.
This is HotelRunner’s third acquisition, part of a goal to offer a more comprehensive product. The company said previously that it plans to explore more acquisition deals to further consolidate this fragmented sector of travel tech.
“Our strategic acquisition of PayPad and the birth of HotelRunner POS aren’t merely about enhancing our product offerings; it’s a bold leap toward our vision of building a bigger travel economy,” Arden Agopyan, co-founder and managing partner of HotelRunner, said in a statement.
HotelRunner POS will be gradually rolled out worldwide, starting with existing clients, the company said.
HotelRunner raised $6.5 million in a series A early this year.
Wix last year relaunched its software service for hotels with technology powered by HotelRunner’s products.