Spectrum Equity completed the $80m investment in OTA Insight.

Spectrum Equity, a leading growth equity firm focused on internet-enabled software and transformational data companies, completed the $80m investment in OTA Insight, company in cloud-based hospitality business intelligence. “Prior to the pandemic, the hospitality industry had been open to gradually adopting new technology. Our business experienced significant growth through 2020 despite the industry headwinds, but 2021 has been a breakthrough year for us as the recovery accelerated the pace of technology adoption. We anticipate unprecedented opportunities and growth as the recovery continues. For global chains and independent hotels alike, we have made the use of data simple and intuitive to drive better commercial decisions and provide a real competitive advantage,” Sean Fitzpatrick, OTA Insight CEO.