Australia-based online venue marketplace EventConnect.com has been acquired by US-based HotelPlanner as part of its expansion plans in Asia Pacific.
The price was was undisclosed but was a seven figure sum, according to a statement by HotelPlanner.
This news comes on the heels of HotelPlanner’s continued expansion into the Asia Pacific region with the company’s new Singapore office and newly launched sites Hotelplanner.sg, Hotelplanner.com.sg, and Meetings.com.sg.
“After 15 years of refining the platform and developing the business here in Australia and, most recently, South East Asia, it is very exciting to be joining the HotelPlanner family,” said Steve Coombes, founder of EventConnect.com.
“The strength and reach that comes with joining a global leader will be invaluable in supporting our growth plans and perhaps most importantly our ability to deliver more value to our clients and site visitors.”
Tim Hentschel, CEO of HotelPlanner, said the acquisition accelerates the company’s growth, particularly in the Oceana and APAC region.
“EventConnect.com’s real-time access to a diverse inventory of venues combined with HotelPlanner’s robust travel booking technology will help us continue to drive a great user experience,” he said.