Subjects: TNM, CXP
Parity Technology Solutions Acquires Hotspot International
TORONTO, Nov. 8, 2019 /PRNewswire/ -- Parity Technology Solutions, a hospitality technology company with operations in the US and Canada, announced that it has acquired Hotspot International, a leading hotel "turnkey" solutions provider with services in Mexico, United States, Central America and the Caribbean.
Parity Technology Solutions (Parity) is a single-source, managed technology provider serving the hospitality, multi-dwelling, healthcare, and retail center markets. They recently rebranded their name ? formerly Active Networks ? to solidify their stance, offering, and footprint in the hospitality technology market. The company has seen a recent surge in growth and is continuously expanding its global footprint and service offerings through mergers and acquisitions with international technology firms.
The acquisition of Hotspot International enhances Parity's product and service line to now include a comprehensive integrated solution that leverages the rXg platform developed by RGNets. The implementation of micro-segmentation through auto-generated Dynamic VLANs and PANs provides a more efficient and secure network, as well as a better guest experience. Their WiFi Tracking Function allows participating guests to receive special offers depending on their location on the property. The benefits to the hotel include reduced operating costs and increased sales. These and other features from Hotspot International will soon be available to Parity Technology Solutions' rapidly expanding customer base.
With offices opening in China (Jan. 2020) and service expansion into South America, the Caribbean, India, and Europe, the company is poised to continue its growth in the international market. Orlando Phillips, president of Parity Technology Solutions said, "Our acquisition of Hotspot International complements us perfectly. We wanted a company that was founded on honesty and reliability, has an established brand loyalty as evidenced by their major hotel certifications, and also provides us the opportunity to expand our presence in South and Central America."
A new "all-in-one" service paradigm is driving the technology demands of today's hotels. This investment represents an important strategic opportunity to deliver on this new paradigm for the Parity's 1,600 clients around the globe.
"The industry is evolving away from segmented technology where multiple vendors deliver separate solutions. This siloed approach no longer works. It's costly and inefficient. The merger between Parity's and Hotspot International drives our direction as a single-solution, single-point-of-contact provider. Our converged networks reduce operating costs to our hotel customers, provide greater efficiency, and seamlessly integrate all technology services," said Louis Miller, founder and CEO of Hotspot International. Hotspot International will continue running in its own entity as a subsidiary of Parity Technology Solutions.
With this and other recent acquisitions, Parity Technology Solutions is positioned to become a leader in the hospitality technology market.
About Parity Technology Solutions
Parity Technology Solutions is a single-source hospitality technology provider servicing over 1,600 hotels worldwide. We deliver reliable, flexible technology solutions that improve guest satisfaction and guarantee measurable returns to our clients. Parity Technology Solutions fulfills the primary technology demand of today's hotels: an "all-in-one" provider. Our unified, fully-managed suite of services seamlessly integrate all technology services, reduce operating costs, and provide greater efficiency. Our value is simple: we deliver the best hospitality technology solutions available today with the most reliable connectivity, five-star guest support, and an unparalleled guest and hotel management experience.
About Hotspot International
Hotspot International (HSI) is the preferred High-Speed Internet Access (HSIA) provider and hosted software solution to centrally manage guest broadband in Mexico and US. HSI works with major hotel chains including AM Resorts, IHG, Marriott, and ILG, as well as agreements with independent brands such as Pueblo Bonito, Grupo Vidanta, Eurostars, Grupo Real Turismo (Camino Real and Quinta Real). HSI is a certified Marriott GPNS and a Certified IHG HSIA provider. HSI partners with Telmex for their i-Hospitality program.
SOURCE Parity Technology Solutions LLC
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