Infor Completes Acquisition of ReServe Interactive

Infor Expands Hospitality Footprint with Leading Sales & Catering Solution

News provided by

Apr 08, 2019, 09:02 ET

NEW YORK, April 8, 2019 /PRNewswire/ -- Infor, a global leader in business cloud software specialized by industry, today announced the completed acquisition of Efficient Frontiers, Inc. dba ReServe Interactive. Headquartered in Livermore, Calif., ReServe Interactive is a leading provider of cloud-based sales and catering, restaurant reservations, and floor management software that serves the restaurant, sports and entertainment, event center, golf and country club, and hotel markets in the U.S. and Canada. ReServe Interactive's highly scalable, dynamic, and intuitive sales and catering solution will enable Infor to offer more functionality through Infor CloudSuite Hospitality, and increase Infor's presence in non-hotel hospitality venues such as entertainment centers, stadiums, wineries and conference and convention centers.

"This acquisition will significantly add value to our existing development efforts for Infor CloudSuite Hospitality, and further solidifies Infor's leadership position in the global hospitality market," said Charles Phillips, CEO of Infor. "By adding this additional functionality, we are expanding our solution base to address the growing need for reliable sales and catering technology as hoteliers look to digital transformation to address the evolving needs of the modern consumer. Paired alongside our current hospitality offerings, this allows us to deliver a comprehensive, multi-module suite, that will offer a better ROI to our customer base."

Infor's cloud-enabled Hospitality solutions include hotel property management, point of sale, revenue management, asset and incident management, analytics, and back office accounting. Through this acquisition, Infor will be able to help hospitality organizations address event lifecycle management from initial event inquiry through event execution, online reservation systems for dining and various other activity types, floor management, and club membership sales including lead management, contact management, and sales performance management.

Infor is one of the world's largest providers of hospitality software. Its customers include 9 of the top 10 largest hotel brands, and its products are in use at more than 20,000 hotels, casinos and restaurants worldwide. The acquisition of ReServe Interactive will add sales & catering component to Infor CloudSuite Hospitality that increases the breadth and depth of the solution, and better positions Infor to directly address the increasing need of hospitality organizations to find one true technology partner to help them navigate through a digital transformation.

Financial terms of the deal are not being disclosed.

For more information please visit: https://www.infor.com/products/sales-catering.

About ReServe Interactive:
ReServe Interactive develops and sells computer software for the hospitality market including hotels, restaurants, sports and entertainment facilities, clubs, wineries, and retirement communities. It delivers a fully integrated, cloud-based catering, event management, reservations and floor management software portfolio.

About Infor
Infor is a global leader in business cloud software specialized by industry. With 17,300 employees and over 68,000 customers in more than 170 countries, Infor software is designed for progress. To learn more, please visit www.infor.com.

Infor customers include:

19 of the top 20 aerospace companies
9 of the top 10 high tech companies
18 of the 25 largest U.S. healthcare delivery networks
18 of the 20 largest U.S. cities
19 of the top 20 automotive suppliers
17 of the top 20 industrial distributors
15 of the top 20 global retailers
4 of the top 5 brewers
17 of the top 20 global banks
9 of the 10 largest global hotel brands
8 of the top 10 global luxury brands

This announcement reflects the direction Infor may take with regard to the specific product(s) described herein, all of which is subject to change by Infor in its sole discretion, with or without notice to you. This announcement is not a commitment to you in any way and you should not rely on this document or any of its content in making any decision. Infor is not committing to develop or deliver any specified enhancement, upgrade, product or functionality, even if such is described in this announcement and even if such description is accompanied by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "predict," "should," "will," and/or similar expressions. Many factors can affect Infor's product development plans and the nature, content and timing of future product releases, all of which remain in the sole discretion of Infor. This announcement, in whole or in part, may not be incorporated into any contractual agreement with Infor or its subsidiaries or affiliates. Infor expressly disclaims any liability with respect to this announcement.

For more information:
Christina Ledger
Infor
312-662-2135
[email protected]

SOURCE Infor