Xn Hotel Systems Group Limited ("Xn") and protel hotelsoftware GmbH ("protel") are very pleased to announce a strategic investment and expanded international alliance. Highlights of this new partnership are as follows: protel has become a shareholder in the Xn group of companies protel's investment will be directed towards increasing Xn protel's presence and capabilities in its existing markets of the UK and Asia PAC and also entry into new strategic markets, in particular the USA and UAE. By providing an expanded capital structure, this strategic initiative positions the Company to take advantage of the hotel industry's shift to mobile, cloud-based guest technologies. Near-term plans will see the acceleration of sales, marketing and services for protel Air, protel's leading cloud native property management system. As part of the joint investment, Xn protel has also agreed in principle to acquire protel's business and assets in Dubai. With the acquisition expected to be completed in the next few months, protel's Dubai business will be merged with Xn protel's new Dubai-based subsidiary to form a strong new hotel technology business, serving the GCCI region. The new entity will offer a comprehensive range of hotel business solutions, including protel PMS, mobile guest apps, business intelligence, CRS, POS and leisure systems. The name change to "Xn protel Systems" across the Xn group of companies will have immediate effect. The Company is also delighted to introduce its new corporate branding, whilst commencing work on a new website to be launched in the near future. "We are absolutely delighted to be announcing this strategic investment and to be working far more closely with protel at both an international and corporate level. protel's investment will help us take advantage of the major market opportunity resulting from the industry's shift to mobile and cloud-based application technologies. Heralding a new chapter in our successful, 12+ year business partnership, protel's direct investment enables the business to expand its product-lines, sales, marketing and services, including a direct presence in the USA in 2016. I am also delighted to welcome Manfred and Ingo to the board of Xn protel and look forward to working with them. Their extensive experience will strengthen the board and will assist us with the strategic development of the expanded Company. " "protel and Xn have worked together very successfully for over 12 years and we are delighted that, with our investment in Xn protel, we are now expanding and strengthening our global strategic partnership. This investment is especially important, as the advent and introduction of mobile cloud application technology requires a more co-ordinated approach to the global market. As a direct shareholder in Xn protel, we will be able to work seamlessly to market and support protel Air outside of our traditional mainland Europe markets and in particular in Asia and the USA."
Xn group companies will change their name to "Xn protel Systems" ("Xn protel" or "the Company" )
Xn has agreed in principle to acquire protel's business in Dubai
Xn protel has been appointed as the North American sales and service provider for protel products and plans USA offices in 2016
Manfred Osthues and Ingo Dignas, two of the founding Managing Directors of protel, will join the Board of Directors of Xn protel
Greg Spicer, Chief Executive of Xn protel, commented:
Hotels and serviced apartments in international markets will be served by an expanded, rebranded company, providing a genuine global alternative. The investment also strengthens our credibility and capability to support global and multi-national clients requiring seamless end-to-end services in multiple countries.
Manfred Osthues, Managing Director of protel, commented :About Xn Global Systems Inc.
Headquartered in Miami , Xn Global Systems Inc. provides the sales and operational platform for xnPOS in the US and Canada, and soon, Latin America.
Xn protel Systems is a global hospitality management software company, specializing in enterprise point of sale, property management, business intelligence and activity management solutions. Our highly functional, cloud-native and open systems provide high levels of functionality and integration. We help world-class hospitality companies in over 60 countries optimize revenue generation, simplify service operations and enhance the quality of guest service.
Contact
Greg Spicer
Chief Executive
Phone: +65 9231 7714
Email: gspicer@xnhotelsystems.com
Organization
Xn protel Systems
https://www.xnprotel.com/
Unit 6 / E2 Boundary Court, Warke Flatt, Willow Farm Business Park,
Castle Donington, Derby, DE74 2NN
United Kingdom
Phone: 44 333 006 6271
Email: marketing@xnprotel.com
Recent News
 Xn protel Systems sells UK and Dubai protel distribution service businesses to increase focus on USA Point-of-Sale system market-place |
 Planet extends payments partnership with Xn protel Systems to help global Hospitality businesses generate additional revenue |
|
3C Payment partners with Xn protel Systems to expand its global payment solution capabilities within the hospitality and food & beverage industries. |
