P101 Ventures exited Octorate in the transaction, whose amount was not disclosed. The firm had invested €500k in Octorate in September 2015. Following the investment, the company has quickly grown acquiring clients in over 50 countries worldwide.
With the acquisition, Dylog aims to expand its offering in the hospitality sector adding a versatile tech solution, partnerships with Booking.com, Expedia, Google, TripAdvisor and over 120 sales offline and online channels. The deal will also enable Octorate to further develop the platform in the framework of a larger industrial group and to consolidate its market position.
Founder and CEO Fabrizio Scuppa will continue to led the company.