Market intelligence platform Lighthouse has acquired HQ revenue, a Berlin-based business also specializing in market data.
Terms of the deal have not been disclosed, but a statement says the acquisition “will accelerate investment and innovation” for both HQ revenue and Lighthouse (formerly OTA Insight) customers.
This is the fifth acquisition for Lighthouse, which earlier this year announced the acquisition of Stardekk enabling its expansion into distribution.
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“We’re really excited to team up with HQ revenue as we’ve a shared commitment and passion to deliver innovative data, products and services to our customers and partners,” said Sean Fitzpatrick, CEO of Lighthouse.
“Our teams share the same mission and we’re highly motivated to empower hospitality businesses to make great commercial decisions to generate more revenue.”
The statement adds that the acquisition of HQ revenue is part of Lighthouse’s strategy to bring together platforms “to deliver the next generation commercial platform.”
Roland Hehn, CEO of HQ revenue added, “Our focus on delivering great products, great data and an excellent customer experience has been the cornerstone of our success. Joining forces with Lighthouse enables us to scale this commitment, bringing even more value to our customers and expanding our global reach.”
