Valsoft acquires InnQuest

MONTREAL – Valsoft announced on June 7 the acquisition of hotel management software company InnQuest Software Corporation.

MONTREAL – Valsoft announced
on June 7 the acquisition of hotel management software company InnQuest Software Corporation

Montreal-based Valsoft’s mandate is
to “acquire, build and manage software companies in key vertical markets.”

InnQuest's hotel management
software, roomMaster, is used by more than 5,500 clients in more than 100
countries. Developed by hoteliers for hoteliers, the property management
system includes a booking engine with a channel manager linked to Expedia and
Booking.com. InnQuest's office is located in Tampa, Fla., with international
offices in Australia, Canada, and the United Kingdom with resellers in the
Caribbean, Fiji, New Zealand, Cambodia, Malaysia and South Africa.

InnQuest was founded in 1995 by
its president Robert Paresi, and vice-president Tyler White.

“We have analyzed many companies
in our business careers and rarely have we seen one that operates at InnQuest's
level of efficiency,” remarked Ouissam Youssef, Valsoft's CEO. “We intend to
manage, grow and invest in roomMaster for decades to come. We are eager to
pursue the legacy of service excellence started by Robert Paresi and his team,
and to increase InnQuest's customer delight, which is already extremely high.”

Paresi will join Valsoft's
executive team as InnQuest founder and advise Valsoft on
strategy, future acquisitions, and the industry in general as the company
continues to gain scale. Chuck Dunaj will be promoted from director of sales to
president of InnQuest. The entire team will continue working out of the Tampa
office.

“InnQuest Software, its
employees, clients, resellers, and products are very special to me. It was
extremely important to pass the torch to the right company,” said Paresi.