Announced
Completed
Synopsis
Cendyn, a provider of cloud-based software and eCommerce services for the hospitality industry, completed the merger with Pegasus, a provider of revenue and distribution solutions for the hospitality industry. Financial terms were not disclosed. "The completion of this merger is an exciting moment for Cendyn, and we believe, for the industry. As the hospitality industry recovers from the effects of the pandemic, the combination of Cendyn and Pegasus will help hoteliers achieve their critical digital transformation and automation objectives to keep up with ever-evolving consumer expectations and contain costs," Tim Sullivan, Cendyn CEO and President.
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