OTA Insight Nabs $80 Million in Funding From Spectrum Equity
Photo Credit: Pictured is Wyndham's Grand Residences Riviera Cancun, a Registry Collection Hotel. OTA Insight provides hotels with market and revenue intelligence. Wyndham Hotels & Resorts
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The SiteMinder IPO in Australia served as inspiration for numerous travel tech and data intelligence companies, including OTA Insight. The latter hopes that Spectrum Equity can help OTA Insight make a similar leap.
OTA Insight, a business intelligence service for the hotel industry, secured $80 million in new funding from Spectrum Equity.
Citing the private equity firm's portfolio of data-oriented companies, including Ancestry and Survey Monkey, Sean Fitzpatrick, CEO of London-based OTA Insight, said his company plans to leverage Spectrum Equity's experience in growing data companies for OTA Insight's next growth phase.
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