The amount of the dealk was not disclosed.
The company intends to use the capital to expand its technology portfolio, manage ongoing trials and market its solution to a larger worldwide audience.
Led by Zack Paul, CEO and owned by Yellowstone Hotel Systems, Inc., OpenBook offers computer and Internet property management systems for the hospitality industry. The company’s applications control, distribute, dynamically price, and book room inventory through multiple channels including Internet travel websites, online booking engines, the Global Distribution System, and OpenBook call centers.
It also offers full-service web marketing solutions, live customer support, and call center travel consulting.