MConcierge Closes Financing Round

MONTREAL, April 28, 2011 /PRNewswire/ -- MConcierge Systems Inc., the leading mobile-to-web software solution provider for the hospitality industry, has secured an investment round subscribed by Real Ventures, Montreal Start Up, Palos Capital and Positron Inc. The company plans to use the funds to support further feature introductions to the world's first GRM – Guest Relationship Management product.

The MConcierge system allows hotels to better serve their guests through a task management, content management and ordering system that integrate into existing IT infrastructures, PMS and other third party software. The current system provides software tools that allow hospitality brands to profile their clients through all stages of travel. These same tools provide travelers with the most engaging mobile and tablet experiences on the market today.  

"We're excited by the opportunity for growth this investment brings," says Anthony Zebrowski-Rubin, CEO of MConcierge "We plan to use this capital to build the sales, support and marketing power needed to take our software and services to market."

"The MConcierge team have demonstrated that they understand mobile, social and how it can be applied to the hospitality industry," says John Stokes, Partner at Real Ventures. "Most importantly though, they have shown that they can scale a business and still exceed their customers expectation – a sure sign of success."

The company is continuing to redefine the way hospitality brands communicate with their guests. The latest addition to the MConcierge portfolio, the Guest Relationship Management (GRM) platform, is a unique profiling engine, which captures social media and mobile data and leverages contextual algorithms to enable hospitality brands to improve the guest experience, build loyalty and increase sales.

About MConcierge Systems

MConcierge Systems Inc. provides mobile-to-web and GRM "Guest relationship Management" for the hospitality industry. Its products include MConcierge, a mobile application launched in 2008 that provides hotel guests the ability to obtain services provided by a hotel concierge on their mobile phones, and offers a custom directory of local travel information such as restaurants and shops directly on their mobile devices. The system also provides urbanites and travelers the ability to make reservations at hotels, restaurants, show tickets, and car rentals from their handheld devices. The system extends a hotels client's reach from inside the hotel to anywhere outside the hotel even before their arrival. The company was founded in 2010 and is based in Montreal, Canada serving hospitality and property management companies alike.

About Real Ventures

Real Ventures is a seed venture fund based in Montreal that invests alongside great entrepreneurs from idea to exit.  We like to be first money behind great teams and companies in the web, mobile, SaaS, e-commerce, gaming and digital media sectors. The team behind Real Ventures has over 67 years of combined experience in starting, funding and growing companies.

About Montreal Start Up

Montreal Startup is a micro VC fund investing in Montreal-based software and web startups. For more information, visit http://montrealstartup.com.

About Positron Inc.

Positron Inc. is a high technology telecommunications equipment conglomerate with divisions in phone systems and video conferencing, communications protection, fiber optics and bonded copper solutions and public safety products. Founded in Montreal in 1970, Positron's customers include the major telephone companies and Power utilities in North America and internationally in over 30 countries.

About Palos

Founded in 2001, Palos Management Inc. is a high quality money management firm that serves institutional and private clients. Based in Montreal, Canada, it has an international reach with offices and affiliates in New York, Nassau, and Monte Carlo.

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SOURCE MConcierge Systems Inc.