Melbourne, Australia - RMS Cloud, a revered global family business in the cloud-based property management system (PMS) sector, is thrilled to announce a significant milestone in its journey towards becoming a global corporation. Through a strategic partnership with Melbourne Private Equity firm Advent Partners, RMS Cloud is set to accelerate its international growth and enhance the functionality of its leading PMS, marking a transformative phase in its 40-year legacy. Founded by Peter Buttigieg, RMS Cloud has evolved into a pioneering force in the hospitality industry, offering a comprehensive suite of reservation-related services for hotels, serviced apartments, campgrounds, and similar establishments. With this partnership, Advent Partners has become a significant investor in RMS Cloud, facilitating the expansion of its services across 70 countries and supporting over 6,000 properties worldwide. Advent Partners, led by partners Brad Lynch and Symon Vegter, along with a dedicated team, has recognised RMS Cloud's impressive contribution to the Australian and global technology landscape. The partnership agreement was facilitated by a team of esteemed advisers, including Partners Brad Lynch and Symon Vegter, who led the deal for Advent, supported by investment manager Annabelle Simkiss and associate director Hesh Dantanarayana. Advisers included Melbourne boutique DealSide, Trident, EY and law firms Herbert Smith Freehills and Gilbert + Tobin. RMS had Mills Oakley Lawyers and BDO in its corner. This collaboration marks a new chapter for RMS Cloud, reinforcing its position as an innovative leader in hospitality technology and setting the stage for further innovation and growth on a global scale. <iframe width="560" height="315" src="https://www.youtube.com/embed/nKRGPFZMlHM?si=q4oU6ko7rdPoAWzA" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="true"></iframe> As one of Australia's oldest private equity firms, Advent Partners focuses on partnership investments in mid-market growth companies. Known for promoting growth and building lasting value, Advent has a track record of investing across technology and healthcare Visit advent.com.au RMS is a leading hospitality platform trusted by over 7,000 businesses across 70 countries and all hospitality verticals. Designed to streamline operations, elevate the guest experience, and foster sustainable business growth, RMS connects people, technology, and places. With a comprehensive suite of tools and real-time insights, RMS empowers operators of hotels, serviced apartments, short-term rentals and campgrounds to thrive in an ever-evolving and competitive industry. Discover more at www.rmscloud.com.Partnering with Advent Partners is a significant step forward for RMS. Their expertise and resources will assist as we expand our global presence and continue delivering outstanding solutions to our customers. Peter Buttigieg, Founder & CEO of RMS
RMS is an impressive Australian technology success story, and we are excited to support RMS in driving continued international expansion. Our investment reflects our dedication to nurturing innovative businesses like RMS,
stated Lynch.About Advent Partners
Contact
Ash Puyol
Communications and Content Specialist
Email: ash@rmscloud.com
Organization
RMS
https://www.rmscloud.com/
116 Harrick Road
Keilor Park, 3042
Australia
Phone: 03 8399 9462
Email: marketing@rmscloud.com
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