TravelNet Solutions Acquired Revenue Management Firm Rented

Property management tech company TravelNet Solutions has acquired vacation rental revenue management company Rented.

mountain exterior vacation rental recently available via evolve source evolve — An exterior view of a vacation rental in the Colorado mountains that was available via property manager and marketer Evolve. Source: Evolve.

The two companies informed their respective customers about the deal. They didn't disclosed the purchase price. Rented, founded in 2012, had raised a roughly $2 million seed round.

Founder and CEO Andrew McConnell said he would stay on with Minnesota-based TravelNet Solutions to further build the product.

"Rented’s Automated Rate Tool (Art) is a powerful and flexible pricing tool," TravelNet Solutions CEO Ryan Bailey informed customers. "This technology will enhance Track’s functionality and value while giving our Track customers unprecedented control and insights related to pricing. As guests look to stretch their travel dollar even further, price sensitivity will only increase, making these features essential for our customers."

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TravelNet Solutions Acquired Revenue Management Firm Rented

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TravelNet Solutions Acquired Revenue Management Firm Rented

Up Next

How Data Quality Issues Impact Global Hospitality Operations

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Emirates Bets on Cambodia as Chinese Travelers Stay Away

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First read is on us.Subscribe to read more essential travel industry news.

First read is on us.
Subscribe to read more essential travel industry news.