Cendyn, a provider of hotel CRM and hotel sales platforms for the hospitality industry, received a strategic follow on investment from Accel-KKR.
The amount of the deal – expected to close in July 2019 – was not disclosed.
The company intends to use the funds for further scale and innovate its solutions for the hospitality industry.
As part of the transaction, Charles Deyo, CEO & Founder will move to the role of investor and board member. Tim Sullivan will drive day-to-day operations of the business and serve as its President.
Cendyn is a cloud-based software and services provider that develops integrated technology platforms for driving sales and marketing performance in the travel and hospitality industry. The Cendyn Hospitality Cloud offers a set of innovative software and services in the industry, covering hotel marketing, guest engagement, group sales, and event management.
With offices in Boca Raton, Atlanta, Boston, San Diego, Bangkok, Sydney, Tokyo, London, Munich and Singapore, the company serves more than 30,000 clients in 143 countries with enterprise spend levels in excess of $1 billion.