Cloudbeds, San Diego-based provider of software and channel management for independent properties (hotels, hostels, inns, bed and breakfasts, campgrounds, vacation rentals, and more), announced it has purchased of OneRooftop. The details of the acquisition have not been released.
Formerly known as WebChalet, OneRooftop is a software solution and website builder for vacation rentals. The company had raised approximately $525k over the last two years. As a subsidiary of Cloudbeds, OneRooftop will continue to offer vacation rental software under its brand with access to myallocator, Cloudbeds channel manager; and the entire OneRooftop team has joined the Cloudbeds group, including lead developers and co-founders Chad and Sarah Brubaker.
“Last year, we started to evaluate integrations with third party channel managers, and we came across Cloudbeds and their channel manager, myallocator,” said Sarah Brubaker. “Cloudbeds had grown quickly in the hostel and small hotel industry with beautiful, powerful software in addition to providing channel management for thousands of properties worldwide with myallocator. We were immediately impressed by Cloudbeds’ technology.”
Sarah added, “We were equally impressed by their team. Like ourselves, their founders. Adam and Richard, were UC Berkeley grads and entrepreneurs. After meeting a few times, we immediately saw that our business vision and company culture aligned perfectly with theirs.”
The OneRooftop team will bring their vacation rental know-how to accelerate Cloudbeds development efforts to provide an all-in-one solution for vacation rentals, allowing Cloudbeds to be one of the first hospitality software providers to accommodate hybrid inventory (both vacation rental and hotel inventory). Cloudbeds clients will also be able to leverage the two-way connection to Airbnb and HomeAway.
“We are proud of the product that we have built and equally proud of our agile, nimble team that has made it possible,” said Chad Brubaker. “Moreover, we believe Cloudbeds can take vacation rental software and distribution to a new level. Independent property operators and managers are the future of hospitality.”
According to Cloudbeds CEO Adam Harris, “We have been watching the incredible growth of vacation rentals for a while. Property managers need access to professional tools that will allow them to compete effectively in more established hospitality distribution outlets. We can’t wait to help them do this.”
In June 2017, Cloudbeds raised $9 million in Series B funding led by PeakSpan Capital. The financing follows 2016’s Series A round of $3.14 million, bringing the total investment to date to $20 million.
With the combined teams, the technology is expected to develop faster with more features and more channels available to vacation rental customers. In addition, Cloudbeds recently added Sebastien Leitner as Director of Global Partnerships where he will develop the growing network of strategic partners. Previously Sebastien was Director Distribution Accounts at Expedia.
I am a very satisfied OneRoofTop client and look forward to further improvements with the new Cloudbed partnership. Making GREAT even better is something to look forward to.