October 20, 2014 7:51 AM ET

Internet Software and Services

Company Overview of SiteMinder Pty Ltd.

Company Overview

SiteMinder Pty Ltd., an online hotel distribution company, develops cloud based products for the hospitality industry. It offers Channel Manager for online room inventory and rate management; TheBookingButton, a booking engine that allows users to take direct bookings through their own Websites; and pmsXchange, a technology API that allows property management system vendors to build one connection to the distribution platform and gain access to various online booking sites. The company also offers crsXchange, a technology API that allows central reservation system vendors to gain access to online booking sites; GDS by SiteMinder that allows users to manage and store their inventory across va...

Level 3

88 Cumberland Street

Sydney, NSW 2000

Australia

Founded in 2006

Phone:

61 2 9221 4444

Fax:

61 2 8246 6337

Key Executives for SiteMinder Pty Ltd.

Chief Executive Officer
Executive Director of Strategic Sales and Global Partnerships
Compensation as of Fiscal Year 2014.

SiteMinder Pty Ltd. Key Developments

SiteMinder Announces Board Appointments

SiteMinder has raised $30 million in funding led by Technology Crossover Ventures (TCV). David Yuan, TCV General Partner, and Erik Blachford, TCV Venture Partner and former CEO of Expedia, will join the SiteMinder Board.

Anantara Chooses SiteMinder's Enterprise Solution

Anantara has chosen to use SiteMinder's enterprise distribution technology, The Channel Manager to connect their Opera Central Reservation System (CRS) and IDeaS Revenue Management System (RMS) with hundreds of online booking sites. These new systems connections will result in increased revenue and a reduction in operating costs. Currently with 24 hotels and resorts across six countries and growing rapidly, Anantara was looking for a solution that would seamlessly connect their core systems with the online booking world whilst finding a platform that provided performance visibility across the group. SiteMinder's Channel Manager was selected due to its extensive history of robust technology and two-way integrations with multiple systems, notably Opera and IDeaS. The functionality of the dashboard within the platform was a major selling point, offering complete visibility and a comprehensive summary of their online performance to help further enhance business processes. Minor Hotel Group has plans to extend the updated systems connections to include additional brands from their portfolio, including AVANI and Per AQUUM, in 2014.

Inntopia and SiteMinder Partner to Offer Channel Management Interface

Inntopia and SiteMinder have partnered to offer channel management capability that connects accommodation providers-hotels, condominiums, vacation rental managers, and more-to major on-line booking channels such as Booking.com, Expedia, and others. Accommodation providers manage their inventory in Inntopia while simultaneously taking advantage of the vast consumer base of major on-line booking channels to increase distribution. Rates and availability are managed in Inntopia and are pushed to the on-line booking channel via the SiteMinder Room Distribution Exchange (RDX) at regular intervals. Inntopia then pulls any reservations made through the booking channel from the SiteMinder RDX and sends its updated inventory back to the booking channel via the SiteMinder RDX.

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Date
Target
Private Placement
January 14, 2014
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