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Booker eyes new industries and mobile expansion after US$35m investment
POSTED 04 Mar 2015 . BY Jason Holland
CEO Josh McCarter said the new deal also included significant strategic investment
Software company Booker has secured US$35m (€31.2m, £22.7m) in its latest funding round – welcoming four new investors.

Speaking to Spa Opportunities, CEO Josh McCarter said the funding would be used in three major areas. In line with its recent expansion and name change from SpaBooker to Booker, the company is aiming to support more service-based industries in addition to its traditional focus on health and wellness.

Continuing another recent trend, Booker is also planning to invest heavily in mobile, with McCarter citing the planned implementation of features and services specifically designed to help grow revenues. A third area of focus will be driving more sales of Booker’s software.

Among the new investors, Florida-based private equity firm Medina Capital will be the largest. McCarter highlighted the “relevant skillset” of the company, whose founders notably sold Terremark to Verizon for US$2bn (€1.78bn, £1.3bn) in 2011.

Salt Lake City-headquartered Signal Peak, a venture capital firm which invests in companies that offer technology to small and medium businesses, and Chicago-based investment firm Jump Capital have also invested in Booker.

As well as financial investment, McCarter noted that the new deal also included significant strategic investment. Payment transaction processing company First Data, the fourth and final new investor, fits into this category.

The Atlanta-based company processes US$1.5tn (€1.34tn, £973bn) worth of transactions per year, with operations in 35 countries. Its point of sale solution, Clover, is a “huge success”, according to McCarter, but is a retail rather than a service-based system. Therefore, integration with Booker’s service-based platform has the potential to “drive more value into their clients’ businesses”.

McCarter said there would be further announcements related to the funding deal in the coming weeks.
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NEWS
Booker eyes new industries and mobile expansion after US$35m investment
POSTED 04 Mar 2015 . BY Jason Holland
CEO Josh McCarter said the new deal also included significant strategic investment
Software company Booker has secured US$35m (€31.2m, £22.7m) in its latest funding round – welcoming four new investors.

Speaking to Spa Opportunities, CEO Josh McCarter said the funding would be used in three major areas. In line with its recent expansion and name change from SpaBooker to Booker, the company is aiming to support more service-based industries in addition to its traditional focus on health and wellness.

Continuing another recent trend, Booker is also planning to invest heavily in mobile, with McCarter citing the planned implementation of features and services specifically designed to help grow revenues. A third area of focus will be driving more sales of Booker’s software.

Among the new investors, Florida-based private equity firm Medina Capital will be the largest. McCarter highlighted the “relevant skillset” of the company, whose founders notably sold Terremark to Verizon for US$2bn (€1.78bn, £1.3bn) in 2011.

Salt Lake City-headquartered Signal Peak, a venture capital firm which invests in companies that offer technology to small and medium businesses, and Chicago-based investment firm Jump Capital have also invested in Booker.

As well as financial investment, McCarter noted that the new deal also included significant strategic investment. Payment transaction processing company First Data, the fourth and final new investor, fits into this category.

The Atlanta-based company processes US$1.5tn (€1.34tn, £973bn) worth of transactions per year, with operations in 35 countries. Its point of sale solution, Clover, is a “huge success”, according to McCarter, but is a retail rather than a service-based system. Therefore, integration with Booker’s service-based platform has the potential to “drive more value into their clients’ businesses”.

McCarter said there would be further announcements related to the funding deal in the coming weeks.
RELATED STORIES
Spabooker signs deals with Yelp and MapQuest


Spa management software company Spabooker has announced two new strategic tie-ups with Yelp and MapQuest – both deals are designed to enable spa operators using the Spabooker system to be more ‘discoverable’ and bookable by consumers.
MORE NEWS
Marriott to realise Ritz-Carlton Reserve at Trojena, the Mountains of Neom
Marriott International has signed a new deal with Neom to open a Ritz-Carlton Reserve property as part of Trojena, a brand new year-round mountain adventure destination in Saudi Arabia.
Bannatyne has bounced back from the pandemic
The Bannatyne Group says it has officially bounced back from the pandemic, with both turnover and profits restored to pre-2020 levels in 2023, according to its year-end results.
Sport England’s Active Lives insight finds record activity levels, but enduring health inequalities
While British adults are the most active they’ve been in a decade, health inequalities remain with the same groups missing out, according to Sport England’s latest Active Lives Adults Report.
Kerzner to expand Siro portfolio with recovery-focused hotels in Los Cabos and Riyadh
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The sound of success: three ways music can boost spa revenue according to Myndstream’s Freddie Moross
At Myndstream, we understand the power of music elevates the spa experience. But did you know it can also be a powerful revenue generator? [more...]

Discover Comfort Zone’s Stand For Regeneration campaign
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Guaranteeing economic success for our customers - as well as the ultimate wellness experience for th [more...]
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+ More catalogues  

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DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
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