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Published on : Friday, June 24, 2016
Knowland announces that it has entered into an agreement to acquire Meeting Intelligence (formerly known as HIS), incorporating both the product and employees, from Newmarket International Inc., a wholly owned subsidiary of Amadeus, a leading provider of advanced technology solutions for the global travel industry.
This acquisition, which is subject to closing conditions, enables Knowland to offer the most robust platform of meetings market intelligence for the hospitality industry. The addition of Amadeus’ database of meeting activity will improve Knowland’s available data on groups and meetings to provide a more comprehensive and solid foundation for group lead-generation and market intelligence.
In a separate agreement, Amadeus will also partner with Knowland to use its best-of-breed meeting intelligence product to enable Amadeus’ Delphi sales and catering customers to tap into the most extensive groups and meetings intelligence available to enhance their group business.
“We are very pleased to welcome the Meeting Intelligence customers and employees into our company and community,” stated Tim Hart, Chief Executive Officer of Knowland. “By combining our extensive data, Knowland will be able to increase the effectiveness of its offerings as we continue building our next generation of products.”
“In addition to the acquisition agreement, we are very happy to continue working with Knowland to integrate its extensive database of group and meeting intelligence into Amadeus solutions,” said Lee Horgan, CEO of Amadeus Hospitality. “Our sales and catering customers will benefit from having a richer database of meeting intelligence that will allow them to get a better understanding of their group business.”
“We’re excited to join Knowland to bring leading-edge solutions to our combined customer base,” commented Steve Reiser, the founder of HIS who will become Knowland’s Chief Product Officer upon closing of the transaction. “We’ve both strived to provide our customers with high quality products and service, and now together, we can focus on advancing state-of-art meeting intelligence.”