7 February 2024
Melbourne, Australia – Advent Partners, one of Australia’s leading growth buy-out private equity firms, is delighted to announce its significant investment in RMS Cloud (āRMSā), a leader in cloud-based SaaS Property Management Software (āPMSā) for the accommodation sector. This strategic partnership aims to accelerate RMS’s international growth and support RMS in continuing to build-out functionality of its leading PMS.
Today, RMS services over 6,000 properties across 70 countries with its software providing mission-critical workflows for its customers and guests. RMSās software allows its customers to manage bookings & reservations, supports guest check-ins & departures, manages marketing campaigns and channel management across multiple on-line travel agents such as booking.com and Expedia. The software also supports back-end functions such as housekeeping, trust accounting, yield management and reporting.
Peter Buttigieg, Founder & CEO of RMS, remarked, “Partnering with Advent Partners is a significant step forward for RMS. Their expertise and resources will assist as we expand our global presence and continue delivering outstanding solutions to our customers.”
Brad Lynch, Partner at Advent Partners, said, “RMS is an impressive Australian technology success story, and we are excited to support RMS in driving continued international expansion. Our investment reflects our dedication to nurturing innovative businesses like RMS.”
Hesh Dantanarayana at Advent Partners, added, “We are enthusiastic about the potential in RMS’s technology and market position. We look forward to working with the RMS team in its next growth phase.”
RMS was advised by Mills Oakley Lawyers and BDO. Advent Partners was advised by HSF, EY, G&T, Trident and DealSide.
RMS represents Advent Partnerās third investment in Advent Partners 3 Fund, and adds to Adventās continued track record of investing in leading global SaaS businesses including Compass Education, MedTech Global, Flintfox and MySite.
Advent Partners team members Brad Lynch, Symon Vegter, Hesh Dantanarayana and Annabelle Simkiss lead the new partnership with RMS.
About RMS Cloud (rmscloud.com)
RMS, headquartered in Melbourne, has a 40-year history of providing a versatile cloud-based property management system. RMSās software serves various accommodation types globally, including hotels, motels, serviced apartments and campgrounds.
About Advent Partners (advent.com.au)
As one of Australia’s oldest private equity firms, Advent Partners focuses on partnership investments in mid-market growth companies. Known for promoting growth and building lasting value, Advent has a track record of investing across technology and healthcare.
More information on Advent can be found at https://www.advent.com.au
