We have advised Advent and Eurazeo on its acquisition of protel hotelsoftware GmbH (protel), the second largest provider of property management software (PMS) to hotels and related industries in Europe after Oracle, and the largest player for independent hotels.
Founded in 1994, protel offers PMS solutions enabling hoteliers and groups of hotels to manage front-office capabilities, such as booking reservations, guest check-in or checkout, room assignment, managing room rates and billing using guests’ data in real-time. Headquartered in Dortmund with three offices in Germany, Austria, and the US, protel has c.250 employees serving over 14,000 hotels covering 93 countries in Europe, the Middle East, Africa, North America, and Pacific Asia.
Advent and Eurazeo will partner with protel to further build on the company’s world-class technology and deliver innovations to customers faster. This will further strengthen and accelerate its position as a leading software and technological services provider for hotels globally.
