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Daily Archives: June 9, 2021

Upper Canada Mining announces Geoff Marney as new Vice President of Corporate Development effective immediately.

CALGARY, Alberta, June 09, 2021 (GLOBE NEWSWIRE) — The Management and Directors of Upper Canada Mining Inc (UCM), a private Canadian company in the business of mining, exploration and production, primarily in gold and silver, are pleased to announce the appointment of Mr. Geoff Marney as Vice President of Corporate Development effective immediately.

Management was quoted as saying, “We are excited to have Geoff coming on board and we are looking forward to the energy and network introductions he is obviously capable of and qualified to bring to the table. His knowledge and experience are the perfect fit for what we were looking for in this role and we are confident he will round out the current slate of executives in excellent fashion.”

Geoff’s background includes working with companies in industries such as CleanTech, Medical Technology, Telecom, Capital Management, and Finance & Investment Banking. He has also lived and worked internationally in countries such as Germany as well as his home country of Canada.

He is currently Chief Executive Officer & Founding Member of his own International Business Strategy firm, Altenberg Energy HDM, LLC. From this position he has achieved a number of successes in delivering what he has coined as “Growth Process Outsourcing”.

In addition to the position he holds at his own company mentioned above, Geoff’s resume includes, but is not limited to the following:

  • Managing Director, International Markets, Patient RM (formerly Claire Driscoll Patient Recruitment Inc., An Altenberg Growth Partner Company)
    • Responsible for International Business Development and Strategic Relationships
  • Head of Global Business Relationships, Biosign Technologies Inc. / Biosign Technologies Europe GmbH / AioMed GmbH
    • Responsible for Corporate Development, Corporate Finance & Capital Raising, and Strategic Business Transactions including International M&A.
  • Managing Director, North America, CleanTech Capital GmbH, Toronto & Zurich
  • Co-founder & Partner, Pathpoint Capital Partners Ltd
    • Responsible for Deal Origination, Deal Pipeline Management, and M&A investment banking activities.
  • Vice President / Investment Banker, American Capital Partners
    • Responsible for Direct Deal Generation and Harvesting Deal Flow from a partner relationship with Pathpoint Associates.

About Upper Canada Mining Inc.

Upper Canada Mining is a private company incorporated and registered in Canada that is in the business of mining, exploration and production, primarily in gold and silver.

UCM recently executed an Option Agreement with Strategic Metals and is focused on the Mt. Hinton project in Yukon Territory.

For further information and updates contact:
Investor Relations: Christina Rao, VP IR, 604-723-7480
ir@ucmining.com

Zoom Launches Zoom Phone Appliances, Empowering the Hybrid Workforce

Zoom Phone Appliances Provide an All-In-One Desk Phone Solution for Calls and Meetings, with Hardware Solutions from Poly and Yealink

SAN JOSE, Calif., June 09, 2021 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced the launch of Zoom Phone Appliances, a new category of hardware optimized for the hybrid workforce, from home offices to shared huddle spaces, addressing use cases across industries. Zoom Phone Appliances combine Zoom technology with hardware from Poly and Yealink to provide video and audio capabilities and touch display, in an all-in-one desk phone solution for HD video meetings, phone calls, and interactive whiteboarding.

“Zoom continues to demonstrate fast pace of innovation and ability to scale globally with its robust cloud phone offering, Zoom Phone,” said Elka Popova, VP of Connected Work Research at Frost & Sullivan. “Zoom Phone has always been a disruptive alternative to legacy phone solutions and the new appliance program further enhances its value proposition by enabling businesses to video-enable workspaces with purpose-built appliances that are easy to procure, deploy, and manage.”

“The traditional workplace is evolving and adapting, and our goal is to empower the workforce to accomplish more by blurring the lines between voice and video,” said Graeme Geddes, Head of Zoom Phone and Zoom Rooms at Zoom. “The new Zoom Phone Appliance program boasts a selection of purpose-built Zoom Phone hardware from Poly and Yealink, streamlining communications, removing friction, and enabling a powerful communications experience.”

Zoom Phone Appliances simplify licensing, installation, use, and management, benefitting both the end users and IT departments. Additional highlights of Zoom Phone Appliances include:

  • A full-featured desk phone with powerful Zoom capabilities. Zoom Phone Appliances are always on, and always ready for instant communication and collaboration. Easily start ad-hoc or scheduled meetings, make and receive phone calls, check voicemail, and virtually collaborate with content sharing and annotation
  • Centralized management through Zoom Admin Portal: Simplified, scalable, centralized management with remote provisioning and updates
  • No additional licensing required: Login to a Zoom Phone Appliance with your Zoom account and create an instant office experience
  • Personalized for the user: Syncs with the user calendar, status, meeting settings, and phone for an integrated video-first unified communications experience
  • Simplified onboarding with Zero-touch provisioning: Minimizes need for IT support with a simplified set-up and user experience
  • Touch display with interactive whiteboarding: Collaborate with colleagues with interactive whiteboarding that can easily be exported and shared
  • Zoom Certified: Zoom Phone Appliances are introducing a new certified hardware category, ensuring these devices are purpose-built for an optimal Zoom Phone and meetings experience. More devices will be added to this category over time

The inaugural class of Zoom Phone Appliances features innovative solutions from two Zoom hardware partners — Poly and Yealink — with others to follow.

Poly CCX 600 Desk Phone and CCX 700 Desk Phone with integrated video camera

“We are excited to be among the first to integrate a native Zoom experience into our Poly CCX family, as Zoom Phone Appliances,” said John Lamarque, Vice President and General Manager, Voice Collaboration, Poly. “This brings the Zoom platform that we all know and love front and center on the device’s touch display, providing a powerful and immersive experience.”

Yealink VP59 Smart Video Phone

“We are delighted to unveil the new, reliable, and cutting-edge VP59 video phone, a Zoom Phone Appliance,” said Alvin Liao, Vice President of Product, at Yealink. “The VP59 video phone’s touch display will be powered by Zoom’s industry-leading video communications platform, providing customers with a user-friendly interface and intuitive experience.”

Zoom Phone Appliances are available through the Zoom Hardware-as-a-Service program as well as from authorized Poly and Yealink resellers. To learn more about Zoom Phone Appliances, visit the Zoom Phone Appliances website and read our blog.

About Zoom
Zoom is for you. We help you express ideas, connect to others, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for individuals, small businesses, and large enterprises alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Zoom Public Relations
Farshad Hashmatulla
Product PR Manager
press@zoom.us

Upper Canada Mining announces Christina Rao as new Vice President of Investor Relations

CALGARY, Alberta, June 09, 2021 (GLOBE NEWSWIRE) — The Management and Directors of Upper Canada Mining Inc (UCM), a private Canadian company in the business of mining, exploration and production, primarily in gold and silver, are pleased to announce the appointment of Christina Rao as Vice-President of Investor Relations effective immediately.

As VP of Investor Relations, Ms. Rao will be responsible for ensuring effective communication between UCM and the financial community. In addition, she will manage the Company’s social media presence.

Management was quoted as saying, “We are looking forward to working with Ms. Rao as we have known and worked with her on previous projects and always found her to be consummately professional and thoughtful in all her business activities”.

In addition to her many skills and experiences, Ms. Rao currently is the head of her own private Corporate Communications and Investor Relations firm where she represents a number of public and soon-to-be public companies.

Management went on to say, “Ms. Rao is a skilled communicator and her talents will be invaluable as the company continues to build relationships going forward.”

About Upper Canada Mining Inc.
Upper Canada Mining is a private company incorporated and registered in Canada that is in the business of mining, exploration and production, primarily in gold and silver.

UCM recently executed an Option Agreement with Strategic Metals and is focused on the Mt. Hinton project in Yukon Territory.

For further information and updates contact:
Investor Relations: Christina Rao, VP IR, 604-723-7480
ir@ucmining.com

Upper Canada Mining announces James Crawford as new Chief Executive Officer effective immediately

CALGARY, Alberta, June 09, 2021 (GLOBE NEWSWIRE) — The Management and Directors of Upper Canada Mining Inc (UCM), a private Canadian company in the business of mining, exploration and production, primarily in gold and silver, are pleased to announce the appointment of Mr. James Crawford as Chief Executive Officer of the company effective immediately. Mr. Crawford will succeed Paul Haber, who has been acting as interim CEO until this time and will continue on as Chairman.

James is a talented and experienced veteran of the Mining industry in Canada. His history includes several executive management roles at a number of Canadian resource companies, some of which are publicly traded. His resume includes companies such as Conuma Coal Resources Ltd, Peregrine Diamonds, Crosshair Energy, Ridgemont Iron Ore and Savary Gold. He has also been a significant member of various teams responsible for multi-million dollar financings for Alderon Iron Ore, Jet Metal and Savary Gold.

On the operations side, he has been involved with every step of the exploration/development/mining chain from grass roots field mapping and soil sampling all the way to multi-million tonne open-pit mining.

Some of his successes include:

  • Holding King & Bay West Management “in the black” through a 90% fall-off in revenue over a three-year period;
  • Achieving 150% of target volume recovery within the original budget for Peregrine Diamond’s DO-27 bulk sample program;
  • Redirecting Rio Tinto’s Thunder Bay diamond processing facility from a cost to a revenue centre for the first time in its 11 year history;
  • Receiving Kennecott Canada Safety Award for successfully relocating a DMS facility from Arkansas to Ontario without a single HSEC incident.

James was quoted as saying, “I am excited to be a part of the team at UCM. This is precisely the type of role I have been searching for and it is difficult to imagine a role more closely suited to my current level of experience and education.”

Management stated, “We have met and interviewed Jim and found him to be utterly professional and outstanding in his experience. He is clearly the ideal candidate and perfectly qualified to take on the role of CEO. We are excited to have him on the team and look forward to the energy he will inject into steering the company and our projects and creating successes similar to his past achievements.”

About Upper Canada Mining Inc.

Upper Canada Mining is a private company incorporated and registered in Canada that is in the business of mining, exploration and production, primarily in gold and silver.

UCM recently executed an Option Agreement with Strategic Metals and is focused on the Mt. Hinton project in Yukon Territory.

For further information and updates contact:
Investor Relations: Christina Rao, VP IR, 604-723-7480
ir@ucmining.com

Sinch AB (publ): Sinch announces revised financial leverage policy

Stockholm, Sweden – Sinch AB (publ) – XSTO: SINCH

The Board of Sinch AB (publ) today announces a change to the company’s financial leverage policy. The new policy is as follows:

  • Sinch’s target is that net debt over time shall be below 3.5 times adjusted EBITDA (measured on a rolling twelve month basis).

The phrase ‘over time’ means that leverage may temporarily exceed the targeted level in the near term following an acquisition. Before today’s announcement, the policy was that net debt over time shall be below 2.5 times adjusted EBITDA (measured on a rolling twelve month basis).

Sinch’s other financial targets remain unchanged:

  • Growth in adjusted EBITDA per share shall be 20 per cent per year.
  • Dividend policy: The Board continues to see good growth opportunities through acquisitions over the next few years, and therefore proposes that the company’s earnings primarily are reinvested.

Oscar Werner, CEO, comments on the revised policy: “Sinch has made a number of successful acquisitions that have increased our profitability, strengthened our product offering, and broadened our customer base. We see continued opportunities to make further value-accretive acquisitions also in the future, and our revised leverage policy makes us better placed to execute on our M&A strategy”.

For further information, please contact

Thomas Heath
Chief Strategy Officer and Head of Investor Relations
Sinch AB (publ)
Mobile: +46-722-45 50 55
E-mail: thomas.heath@sinch.com

About Sinch

Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 40 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com.

This information is information that Sinch AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the above mentioned contact person, at 11:15 CEST on 9 June 2021.

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Sinch AB (publ): Sinch to acquire MessageMedia, accelerating growth with small and medium-sized businesses

Stockholm, Sweden – Sinch AB (publ) – XSTO: SINCH

Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has entered into a definitive agreement to acquire MessageMedia, a leader in mobile messaging solutions for small and medium-sized businesses in the United States and Australia, New Zealand, and Europe. Sinch will pay a total enterprise value of USD 1.3 billion, with a total cash consideration of USD 1.1 billion and 1,128,487 new shares in Sinch. Using yesterday’s USD/SEK exchange rate of 8.27, this corresponds to an enterprise value of SEK 10,745 million.

MessageMedia offers a web-based software-as-a-service (SaaS) suite that makes it easy to leverage two-way messaging without any need for coding or familiarity with API:s. It operates a highly automated and scalable tech platform that is purposefully tailored to meet the specific needs of small and medium-sized businesses. With a go-to-market motion built around digital customer acquisition and online self-service, the company serves over 60,000 customers and handles more than 5 billion mobile messages per year.

Organic growth is fueled both by net expansion and new customer acquisition. Performance is particularly strong in the United States, where more than 1,500 new customers are added each month. Moreover, MessageMedia’s management team has a proven capability to drive consolidation and extract economies of scale with 9 successful acquisitions in its target market. Sinch will look to accelerate these efforts, encourage international expansion, and task the MessageMedia management team to build a leading position in customer engagement for small and medium-sized businesses around the world.

“Addressing small and medium-sized businesses opens up a new avenue to growth and dramatically expands our addressable market. With MessageMedia as a part of Sinch, we will have the best team in the industry to capitalize on that opportunity”, comments Oscar Werner, Sinch CEO.

MessageMedia focuses on products that can easily be deployed ‘out of the box’ without coding or API integrations. Third-party analysts estimate the total, worldwide addressable market (TAM) for such ‘Turnkey Consumer Engagement” solutions to USD 9-13 billion, of which the United States makes up around 30 percent. The total market is expected to grow by 25-30 percent per annum in 2020-24, with particularly strong growth in the United States. Small and medium-sized businesses make up around 50-70 percent of the market.

The MessageMedia platform allows multiple brands to leverage the same underlying tech platform. Three brands are actively marketed to cater for adjacent but distinct customer groups, with ClickSend and SimpleTexting complementing the MessageMedia brand. The multi-brand capabilities also allow efficient integration of acquired businesses and means that mobile operators can deploy the offering on a white label basis. For ease of use and quick time-to-value, MessageMedia also offers pre-configured integrations to leading cloud platforms such as Shopify, NetSuite and HubSpot.

“Mobile messaging delivers tremendous ROI but smaller businesses often lack tools that cater to their specific needs”, comments Paul Perrett, MessageMedia CEO. “Serving these customers presents a tremendous opportunity, and with Sinch we can build a global leader in our field“.

Financials

In the twelve months ending June 30, 2021, MessageMedia is expected to record revenues of USD 151 million, Gross Profit of USD 94 million, and Adjusted EBITDA of USD 51 million. This corresponds to a gross margin of 63 percent and an EBITDA margin of 34 percent. The business employs more than 350 people and is headquartered in Melbourne, Australia.

Total organic year-on-year growth in revenues and gross profit over the past two years has been around 22 percent, with gross profit in the United States growing more than 40 percent per year.

One-off integration costs are estimated to reach around USD 8 million over 18 months. Upon closing of the transaction, MessageMedia will benefit from cost synergies in leveraging Sinch’s global super network for Messaging with direct connections to more than 450 mobile operators. It will also benefit from Sinch’s investments in new conversational messaging channels like WhatsApp, Viber, RCS and Instagram. Sinch intends to reinvest the savings from these cost synergies into further expansion, where MessageMedia can leverage Sinch’s established sales presence in 47 international markets.

Valuation

The transaction values the acquired business at an EV/Gross profit multiple of 13.8x, and an EV/EBITDA multiple of 25.4x, before synergies. This calculation is based on an enterprise value of USD 1.3 billion and anticipated earnings for the 12 months ending June 30, 2021.

Financing

MessageMedia is acquired through the legal entity Message4U Pty Ltd, which is registered in Australia.

The acquisition is financed through a combination of cash, equity and debt facilities. Upon closing, Sinch will pay the sellers, which include funds managed by Mercury Capital, a cash consideration of USD 1.1 billion. The sellers will also receive 1,128,487 new shares in Sinch, which are subject to customary lock-up undertakings and may not be divested for 6 months after closing. This implies that the number of shares in Sinch rises by around 1.6 percent.

Prior to today’s announcement, Sinch had a financial target to maintain net debt/adjusted EBITDA below 2.5x over time. As has been announced today in a separate press release, this target has now been revised to 3.5x over time.

On 17 February, Sinch announced the acquisition of Inteliquent for a total cash consideration of USD 1,140 million. The transaction is expected to close in H2 2021. On 24 May, Sinch completed a directed new share issue of 7,232,077 shares, raising approximately SEK 9.4 billion before issue costs.

At the end of Q1 2021, Sinch had a net cash position of SEK 2,053 million with net debt/adjusted EBITDA of
-2.1x. On a pro forma basis, if the acquisitions of Inteliquent and MessageMedia and the directed new share issue had been completed already at this point, Net debt/Adjusted EBITDA would have been approximately 2.6x. This calculation of pro forma Net debt/Adjusted EBITDA includes Adjusted EBITDA in acquired entities over the past 12 months. Cash generation and earnings growth is expected to reduce this ratio in the time that follows before the acquisitions of Inteliquent and MessageMedia are closed.

Financial impact of recent transactions

In Q1 2021, Sinch reported revenues for the last 12 months of SEK 9,749 million, Gross profit of SEK 2,557 million, and Adjusted EBITDA of SEK 968 million. This corresponds to a gross profit margin of 26 percent and an Adjusted EBITDA margin of 10 percent.

Pro forma financials include 12 months of earnings from all entities that have been acquired during the past year, as well as from Inteliquent and MessageMedia (which have been announced but not yet closed). On this pro forma basis, Sinch’s revenues for the last 12 months, as of Q1 2021, would have been approximately SEK 17.9 billion. Gross profit would have been approximately SEK 6.0 billion and Adjusted EBITDA approximately SEK 2.4 billion. This corresponds to a gross margin of 33 percent and an Adjusted EBITDA margin of 14.5 percent.

Regulatory approval

Closing of the transaction is subject to customary closing conditions, including regulatory approval from the Australian Foreign Investment Review Board (FIRB), the Australian Competition and Consumer Commission (ACCC), and from US competition authorities.

Timeline

The transaction is expected to close in H2 2021.

Advisors

Handelsbanken Capital Markets is acting as financial advisor and K&L Gates LLP as legal advisor to Sinch in the transaction. J.P. Morgan is acting as financial advisor and Herbert Smith Freehills as legal advisor to MessageMedia.

Conference call and webcast

A conference call for analysts and investors will take place today, Wednesday June 9, at 14.00 CEST.

Presentation materials will be published at investors.sinch.com and a live webcast will be available at investors.sinch.com/webcast. To join the call by phone, please dial in a few minutes before the call starts to ensure that you are connected.

Sweden:                     +46 8 506 92 185
UK:                               +44 203 00 95 710
US:                               +1 866 869 23 21

Access code:             128 86 71#

For further information, please contact

Thomas Heath
Chief Strategy Officer and Head of Investor Relations
Sinch AB (publ)
Mobile:          +46-722-45 50 55
E-mail:           thomas.heath@sinch.com

About Sinch

Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 40 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com.

About MessageMedia

MessageMedia helps businesses optimise how they communicate and engage with their customers. We enable SMBs to create meaningful two-way conversations to deliver better acquisition, engagement and retention results, through our world leading customer engagement software. Our platform allows businesses to be there for a customer every step of the way: from a confirmation to a reminder to a follow-up and beyond. Headquartered in Australia, with offices in the United States, United Kingdom, and New Zealand, MessageMedia, with its sub-brands ClickSend and SimpleTexting, are the partner of choice for more than 60,000 businesses seeking easy and engaging global business messaging. Learn more at messagemedia.com.

Important information

This communication may contain certain forward-looking statements. Such statements are all statements that do not relate to historical facts and include expressions such as “believe”, “estimate”, “anticipate”, “expect”, “assume”, “predict”, “intend”, “may”, “presuppose”, “should” or similar. The forward-looking statements in this release are based on various estimates and assumptions that in several cases are based on additional assumptions. Although Sinch believes these assumptions were reasonable when made, such forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that are difficult or impossible to predict and that are beyond Sinch’s control. Such risks, uncertainties and important factors could cause the actual results to differ materially from the results expressly or implicitly indicated in this communication through the forward-looking statements. The information, perceptions and the forward-looking statements in this release apply only as of the date of this release and may change without notice.

This information is information that Sinch AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 11:15 CEST on June 9, 2021.

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Cloudbeds Introduces New Payments Solution to Further Streamline Hotel Operations

The fully integrated, easy, and secure payments solution is now available in the US, Canada, Europe and United Kingdom, to save Hoteliers time and money.

SAN DIEGO, June 09, 2021 (GLOBE NEWSWIRE) — Cloudbeds, the fastest growing hospitality management platform, announced the launch of a fully integrated payments solution and a new Financial Services division in the US, Canada, UK, and EU. Cloudbeds Payments is a robust payment solution that provides hoteliers an affordable and efficient method of managing all types of payments. Cloudbeds Payments features a state-of-the-art terminal, transparent fees, built-in reporting, analytics, security, and world-class (in-house) support that hoteliers need to focus on their guests rather than time-consuming payments acceptance and reconciliation.

A video accompanying this announcement is available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8a6b2363-8d1b-4e56-9a1c-44eeda1b9bfb

Typically, hospitality payment solutions are complicated and are time-consuming, which impacts guest relations with inconsistent and slow customer service while consuming too much hoteliers’ time with management and reconciliation. Hoteliers can now avoid manual card entry and lengthy verification processes with third-party vendors. Instead, payments are quick, easy, and completely integrated into the Cloudbeds platform.

“The best part about Cloudbeds Payments is that it’s fully integrated into their existing interface,” says Tarek, Finance Manager, Convo 212 in Athens, Greece. “My guests pay directly on my website and it’s immediately reflected in their reservation and on our reports. It accepts all credit card payments, handles the verification process and makes reconciliation a breeze.”

“Our previous payments process was very lengthy – manual card entry, the verification process, reconciliation, chargebacks, disputes – it took too much time and effort. Cloudbeds Payments helped us speed up every aspect of the customer payment process. It’s easy and efficient for guests to book and for us to manage,” remarks Austin, Property Manager at Rancho Caymus Inn in Napa Valley, California. “Cloudbeds Payments saves our staff so much time.”

In keeping with its focus of innovating to help hoteliers build revenue, save time, and increase guest satisfaction, the Cloudbeds’ Financial Services division has built a next-generation solution that will save properties 10 to 15 hours per month in reconciliations. In addition to its world-class support team, Cloudbeds Payments offers an in-house dispute management team composed of industry experts who intimately understand the hospitality business to better support hoteliers and guests. Cloudbeds expects to roll out Payments to additional countries in the upcoming months, including Australia, Brazil, and New Zealand.

“Cloudbeds is on a mission to empower lodging businesses with every tool they need to emerge from the pandemic successfully,” says Richard Castle, Co-Founder, and COO. “Cloudbeds creates a seamless experience that elevates every aspect of their business – from how their staff operates to their guest experience. Our payments solution is the first of several upcoming financial services designed to help lodging businesses spend more time with their guests and less time managing their property.”

About Cloudbeds

Founded in 2012, Cloudbeds is the fastest growing hospitality management platform in the world. Its SaaS platform provides tools to manage better properties of all types and sizes, allowing property managers/owners more time to focus on their guests while building revenue, driving bookings, and increasing operational efficiencies. Trusted by more than 20,000 hotels, hostels, inns, and alternative accommodations in more than 155 countries, the Cloudbeds suite is a fully integrated platform of capabilities designed to help properties unify their management, reservations, and booking systems, grow revenue, and automate workflows with confidence and ease. For more information, visit www.cloudbeds.com.

Media Contact:

Austin Edgington
austin@austinedgecomms.com