Vienna, 11 May 2023 – Wolf Theiss advised Hospitality Software Solutions on its acquisition of SiTec GmbH. This transaction allows the holding company, Hospitality Software Solutions, to further enhance its product portfolio with an award-winning Hotel, Restaurant, Wellness and Cinema management software.
Hospitality Software Solutions provides professional all-in-one software solutions for the hospitality sector. Its goal is to optimize information management and simplify the administrative burden for businesses.
SiTec GmbH is the provider of the award-winning cloud solution “Front Office Cloud”, which uniquely combines hotel program, restaurant cash register, marketing tool and employee communication. By acquiring SiTec GmbH, Hospitality Software Solutions has enhanced its product portfolio and will provide further benefits to its group of companies, including gastrodat, lodgit and their respective customers.
Wolf Theiss advised Hospitality Software Solutions on all Austrian law aspects of the transaction.
The team was led by Sarah Wared (Partner, Corporate/M&A) and further consisted of Lukas Plösch (Senior Associate, Corporate/M&A), Nikolaus Wollner (Associate, Corporate/M&A), Matthias Unterrieder (Partner, Employment), Magdalena Ziembicka (Senior Associate, Employment), Paulina Pomorski (Counsel, IP & TMT), Pascal Gstöttner (Associate, IP & TMT) and Karin Spindler-Simader (Consultant, Tax).