Plusgrade to acquire Oaky from PeakSpan Capital.

Plusgrade, a provider of ancillary revenue solutions, agreed to acquire Oaky, a hospitality software company engaged in providing automated upselling and personalization solutions that help hotels increase revenue and enhance guest experiences, from PeakSpan Capital, a growth-stage venture capital firm that specializes in providing funding and operational support to software companies. Financial terms are not disclosed. "Oaky has built a leading reputation for helping hotels create upselling experiences that guests actually value. Now, with Plusgrade, we're merging the best of two platforms into a single experience to truly supercharge our ability to bring innovation and more revenue back to hotels worldwide. Together, we will set a new standard of what 'best' means because when the best comes together, everyone benefits," Erik Tengen, Oaky Co-Founder and CEO.