Announced
Financials
Sources
Tags
social media content strategy
Acquisition
Private
Friendly
hotel chain
social media intelligence
Pending
United States
Hotels and Motels
Single Bidder
Synopsis
RateGain, a leading provider of SaaS products, which help travel, and hospitality companies acquires BCV, a leading provider of technology-enabled social media solutions for the hospitality industry. Financial terms were not disclosed. This acquisition will further help RateGain unlock revenue across hotel chains, airlines, car rentals, OTAs, cruise lines, package providers, TMCs, and vacation rentals. This comprehensive Guest Experience Cloud platform combines the power of BCV’s social media listening, analytics, creative and engagement capabilities with RateGain’s AI-driven cognitive revenue management and smart distribution solutions. “We couldn’t be more excited to be a part of the global RateGain family. This deal will also increase our ability to bring ‘deep learning’ powered applications for the travel and hospitality industry in the near future." Benji Greenberg, BCV Co-founder.
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