“Fleetcor’s distribution scale, payment solutions and client relationships will enable Roomex to expand its product offering and accelerate our sales growth,” said Garry Moroney, CEO of Roomex.
The Dublin-headquartered company, which also has offices in London and Munich, has around 600 workforce business customers, clocking up stays in 50,000 hotels. In 2018, the travel software company raised €8 million in a Series A funding round led by Dublin and London-listed venture capital firm Draper Esprit with support from existing shareholders Frontline Ventures and Harmony Capital. Other previous backers of the company include Hostelworld chairman Paddy Holohan and Manna founder Bobby Healy.
Fleetcor‘s business is primarily based in the US, booking tens of millions of hotel room nights annually across a network of 45,000 hotel properties. “Roomex gives us a very similar workforce lodging business in Europe. It provides us a base of operations, expertise and a hotel network from which we can build out the lodging business across Europe while leveraging the significant client base we already have there,” said Ron Clarke, chairman and chief executive officer.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »