ITB Berlin 2010Berlin, Germany — 10-14 March 2010
CMS Hospitality acquisition announcement
We have some exciting news at CMS Hospitality which we would like to share with you.
CMS Hospitality has been providing software systems to the hospitality industry since 1983. Our flagship product GuestCentrix, has been designed to international standards and is used extensively by Operators ranging from small hostels, hotels, ski resorts, island resorts, corporate hotels, to multi property accommodation providers in both the hostel and hotel segments.
As of November 30 2018, CMS Hospitality has been acquired by a Montreal-based company, Valsoft Corporation Inc. Mr. Brian Manning, Managing Director and founder of CMS Hospitality, will be taking a step back from his executive duties, though will continue in the short-term to work alongside Valsoft and the existing CMS Hospitality management team to ensure a seamless transition.
As a brief background, Valsoft Corporation acquires and develops vertical market software companies, enabling each business to deliver the best mission-critical solutions to customers in their respective industry or niche. A key pillar of Valsoft’s philosophy is to invest in stable businesses and then foster an entrepreneurial environment which moulds a company into a leader in its respective industry. Unlike private equity and venture capital firms, Valsoft looks to buy, create value, and perpetually hold through long-term partnerships with existing management. The acquisition of CMS Hospitality is Valsoft’s sixth investment into the Travel & Leisure software sector (InnQuest, DockMaster, Welcome Systems, Bluebird, Thermeon ).
Under the Valsoft umbrella of companies, CMS Hospitality will continue to grow its portfolio of clients, who will join the more than 5,800 properties that already make up the InnQuest and Welcome Systems hotel management software client base. Together, they will provide to customers in over 100 different countries access to world class hospitality solutions including, but not limited to; Property and channel management systems, booking engines, Point of Sale systems, and other supporting software modules.
CMS will continue to provide its customers with fantastic service and innovative products, and now backed by Valsoft’s expertise in the acquisition and operation of vertical market software, the business will take its offerings to a new level of sophistication. CMS and Valsoft share several common values, which are hallmarks of successful companies: A passion for innovation, the delivery of a world class customer service experience, and the desire to rapidly evolve and outpace competitors in a dynamic market environment. Together, we will grow into a period of opportunity, creativity, continual improvement and technical advancement. Our future is very bright.
The entire management team at CMS Hospitality will be retained, the CMS brand will continue under Valsoft, and you will continue to be serviced by the same people you have come to know and appreciate. Furthermore, we will be investing significant capital in the years to come in order to further strengthen CMS’ array of products and thus building upon our ever-increasing customer successes.
Everyone at Valsoft and CMS Hospitality is very excited for what the future holds, and we look forward to embarking on this journey with you. Thank you for being a CMS customer and we look forward to a successful continued relationship in 2018 and beyond.
For any questions please contact either Mitch Bourassa or Brian Manning at the CMS Sydney office on +61 2 94409711 or Alex Wigmore in the United Kingdom on +44 7772166218. Alternatively, please reply to this email and we will get back to you as soon as possible.
Source: CMS Hospitality