Plusgrade Acquisition, Valuation, Funding & Investors

Canary Technologies is a provider of hospitality software replacing paper processes with digital tools for reservations, payments, and guest messaging. Used by hotels across the U.S., the platform offers analytics on occupancy and revenue, integrating with property management systems like Opera and Salesforce. Canary streamlines check-ins and upsells, serving chains and independents in 50 states.

SiteMinder is a technology company that provides e-commerce software for the global hotel industry. SiteMinder is the world’s largest e-commerce software provider for small and midsize accommodation businesses and provides over 50,000 accommodation businesses with a comprehensive suite of tools to increase their room utilization, rates, and profitability.

Sabre is a travel technology company headquartered in Southlake, Texas, and the largest global distribution system (GDS) provider for air bookings. Its Sabre Global Distribution System acts as a neutral marketplace that connects airlines, hotels and other travel suppliers with travel agencies and corporate travel managers, giving them real-time availability and pricing, and the company also sells the Sabre Mosaic airline technology platform for reservations and airline operations. Sabre earns mostly transaction fees on bookings made through its marketplace, plus technology revenue from airline customers, and reported revenue of $2.771 billion and net income of $525 million for 2025 with about 4,650 employees. Its main competitors are Amadeus and Travelport. The system was founded by American Airlines in 1960 as the Semi-Automatic Business Research Environment, built with IBM, and later launched the online travel agency Travelocity in 1996. Sabre was spun off from American Airlines as an independent company in 2000, taken private by Texas Pacific Group and Silver Lake in 2007, and listed again on Nasdaq in April 2014 at a $3.93 billion valuation. It sold Travelocity to Expedia in 2015, sold its Hospitality Solutions division to TPG in 2025, and signed a multi-year $1.56 billion technology partnership with Coforge the same year; Kurt Ekert is chief executive.

Scapia is a Mumbai-based fintech platform issuing no-foreign-transaction-fee credit cards tailored for travel spending. The app tracks expenditures, awards redeemable coins on purchases, and facilitates direct bookings for flights and hotels. Launched in 2023, Scapia integrates payments and rewards into a single interface for Indian users planning international trips.

FLYR is a San Francisco-headquartered AI platform for revenue management in airlines, cargo, and hospitality. Its forecasting engine processes petabytes of data for dynamic pricing, inventory optimization, and e-commerce personalization. Clients including United Airlines, Norse Atlantic, and Accor Hotels achieve up to 5% revenue uplift. Founded in 2018, FLYR raised over $100 million in funding and expanded to Europe and Asia with integrations for Sabre and Amadeus systems.

Nanjing LES Information Technology Co Ltd Provides overall solutions for civilian command information systems.

Guesty is a private software company founded in 2013 that provides an operating platform for professional short-term-rental hosts and property managers. The system centralizes property listings, reservations, calendars and guest communications across major online travel agencies including Airbnb, Booking.com, Vrbo and Expedia. It also offers revenue management, operational automation, accounting, analytics, owner management and GuestyPay payment processing. Guesty sells subscription software to hospitality operators ranging from individual hosts to enterprise property-management groups. The company says its platform supports more than 500,000 properties across more than 100 countries and uses coordinated AI agents to execute work across revenue, communications, operations and finance. Guesty has expanded its product and geographic coverage through acquisitions including MyVR, Your Porter App, YieldPlanet, Kigo, HiRUM, StaySense, Rentals United and, in September 2026, Smily.

Hostaway is a vacation rental management software company headquartered in Helsinki, Finland. It provides a unified dashboard for channel managers integrating with Airbnb, Vrbo, and Booking.com, plus tools for dynamic pricing, automated messaging, and multi-calendar syncing. Used by over 20,000 property managers worldwide, the platform automates operations for portfolios up to thousands of listings.

Vista Group International Ltd provides software and technology solutions across the global film industry sectors of distribution, exhibition, and the end consumer, moviegoers. The principal activity is the sale, support, and associated development of software for the film industry. The company operates in the vertical cinema/film market in the following reportable segments namely the Cinema segment and Film segment. The company has offices in New Zealand, with additional offices located in Sydney, Cape Town, London, Amsterdam, Beijing, Shanghai, Kuala Lumpur, Los Angeles, and Mexico City.

Deliverect is a Ghent-headquartered SaaS platform that integrates online ordering channels like Uber Eats, Deliveroo, and DoorDash with restaurant POS systems. The service automates order syncing to kitchen printers, reducing manual entry errors by 90 percent. Founded in 2018, Deliverect serves 20,000 locations in 30 countries including Europe, Middle East, and Australia, with offices in London and Sydney.

EverCommerce is an American software company headquartered in Denver, Colorado, that sells vertical software-as-a-service products to service-based small and medium-sized businesses. It was founded in 2016 by Eric Remer and has grown partly by acquiring software businesses in its target markets. Its offerings combine business management software, integrated payment acceptance, marketing technology and customer engagement applications, organised around home services under the EverPro brand, health services under EverHealth, and fitness and wellness services. Customers pay recurring subscription fees and transaction-based fees on payments processed through its software. Silver Lake invested in the company in July 2019, and EverCommerce listed on the Nasdaq Global Select Market on July 1, 2021 under the ticker EVCM, selling 19.1 million shares at $17 each. It reported revenue of about $589 million and net income of $17.6 million for 2025, and guided to revenue of $612 million to $632 million for 2026. The company had about 1,800 employees in 2026.

IBS Software is a Kochi-headquartered developer of SaaS platforms for airlines, airports, hotels, and cargo operators worldwide. The company delivers passenger services systems like iFly Staff for crew management and iFly Res for reservations, alongside revenue management tools and hotel property management software. Serving over 250 customers including Air France-KLM, Qatar Airways, and Hilton, IBS Software maintains a global presence with offices in the US, UK, Middle East, and Asia-Pacific. Founded in 1997, it focuses on cloud-based solutions for schedule optimization and loyalty programs in the travel sector.