Yanolja announced on the 18th that it has acquired information technology under a domestic hotel solution company.
Affiliated Information Technology, established in 1994, develops and services IT solutions for leisure facilities such as hotels, resorts, golf courses, and restaurants. It is servicing major domestic hotels and resorts such as The K Hotel and Lotte Resort, as well as major customers of over 1,000 global hotel brands such as Best Western Hotel Group and Wyndham Hotel Group. It has developed artificial intelligence (AI)-based marketing solutions to help maximize the profitability of hotels, and is also advancing overseas, such as supplying hotel property management system (PMS) solutions to Asian markets including Japan.
Targeting the hotel/resort non-face-to-face solution market
Yanolja has been developing SaaS platforms applicable to the leisure industry since 2017. This is because we believe that the global industry trend is shifting to cloud-based. As of January 2021, it is providing cloud-based hospitality solutions to 26,000 customers in 170 countries around the world. Last year, it acquired the top domestic and overseas PMS companies such as Garam, Cereal, and eZee Technosys to secure the original technology.
Yanolja said that it had decided to take over in anticipation of synergy with affiliated information technology. It plans to expand the scope of application of non-face-to-face solutions to various leisure facilities such as hotels and resorts by combining the products and services of both companies, and to solidify the position of a hospitality solution company. The two companies have built a cooperative relationship since 2019 by jointly developing a non-face-to-face hotel platform using Internet of Things (IoT) technology.
With the acquisition, Yanolza will also strengthen cooperation with affiliated information technology for Y FLUX, a comprehensive hotel automation solution developed in-house. As affiliated information technology has a wide range of customers, including hotels, resorts, golf courses, and restaurants, it is believed that it will be able to significantly broaden the range of Wi-Flux application. In addition, it also revealed its ambition to advance the integrated solution through joint R&D and accelerate the digital transformation of the hospitality industry.
Sohn Hak-gi, CEO of Information Technology, said, “As we have been leading the market with innovative hospitality solutions, we have decided to join Yanolza to take a leap forward.” “Both companies will continue to grow in the global hospitality market. “I will try to strengthen the leadership of the company.”
Kim Jong-yoon, CEO of Yanolja Division, said, “We expect that the combination of the two companies that have been leading the domestic and overseas hotel management solution market will accelerate the expansion of the untouch environment and digital transformation.” a Service, SaaS) solutions will be introduced to solidify our position as a leading technology company in the global hospitality market.”