Senior Editor (Hotels)
ASG, a portfolio company of Alpine Investors that buys, builds and operates vertical SaaS companies, today announced that it has acquired Visual Matrix, an industry leading hotel property management software providing an all in one PMS with revenue management, channel management, and operational tools to maximize hotel profitability and efficiency.
This deal marks the 31st acquisition for ASG and the 3rd in the ASG Hospitality Technology vertical. Visual Matrix joins Transcendent, acquired in 2019, and ProfitSword, acquired in 2020. David Awad, Founder of Visual Matrix, will transition out of the business while the team welcomes Georgine Muntz as Executive Chair and CEO.
Supplier News26 January 2021
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RICHARDSON, Texas. & WALNUT CREEK, Calif. - ASG, a portfolio company of Alpine Investors that buys, builds and operates vertical SaaS companies, today announced that it has acquired Visual Matrix, an industry leading hotel property management software providing an all in one PMS with revenue management, channel management, and operational tools to maximize hotel profitability and efficiency.
This deal marks the 31
st acquisition for ASG and the 3rd in the ASG Hospitality Technology vertical. Visual Matrix joins Transcendent, acquired in 2019, and ProfitSword, acquired in 2020. David Awad, Founder of Visual Matrix, will transition out of the business while the team welcomes Georgine Muntz as Executive Chair and CEO.