Target Information
OTA Insight is a leading business intelligence service provider tailored specifically for the hotel industry. The company has successfully secured $80 million in new funding from Spectrum Equity, a private equity firm recognized for its expertise in managing data-centric companies. With this round of funding, OTA Insight aims to bolster its growth initiatives, capitalizing on the extensive experience and resources offered by Spectrum Equity.
Headquartered in London, OTA Insight has made significant strides in the industry, reporting a total funding of $100 million to date. With a workforce of over 200 talented professionals, OTA Insight plans to expand its team to between 300 and 325 employees by the end of 2022. This growth is essential as the company aims to enhance its service offerings to hotels worldwide.
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Industry Overview in the Target’s Country
The hotel industry in the United Kingdom, where OTA Insight is based, has been experiencing a transformative period driven by technological advancements and evolving consumer preferences. Data-driven decision-making is becoming essential as hotels strive
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Spectrum Equity
invested in
OTA Insight
in 2022
in a Growth Equity & Expansion Capital deal
Disclosed details
Transaction Size: $80M