Stayntouch Lands $48 Million Investment to Enhance Its Hotel Technology Solutions and Grow Its Market Presence
Summary
Stayntouch, a prominent player in the hotel property management systems (PMS) sector, has secured $48 million in a strategic growth equity investment. Established in 2012 and later acquired by MCR in 2020, Stayntouch provides a user-friendly cloud PMS that enables hotels to streamline operations and integrate front and back office functions. Additionally, Stayntouch is considering acquisitions of other property management systems or hotel tech products, according to Jacob Messina, who assumed the role of CEO in September 2022. Despite the competition, Stayntouch remains focused on adding more clients with multiple complex properties, leveraging tech capabilities released over the past year. The company’s cloud-based systems offer user-friendly interfaces, cost-effective implementation, and easy connections to third-party tech products that hotels may use.