fbpx

Digital disruptor, iVvy, seeks capital to fund accelerated global expansion due to increased demand

In a response to heightened demand for its ground-breaking suite of cloud-based event and venue management tools, iVvy –  Australia’s leading hospitality software-as-a-service provider – is actively seeking AUD $5m to accelerate global growth and expand its existing markets.

The B2B enterprise software platform is revolutionising the meetings and events industry through market-leading innovations and is inviting investors interested in being a part of this incredible opportunity to join them as they scale the international stage.

iVvy’s initial approach was to reduce the time it takes to organise an event from 6 weeks to 6 minutes, of which they have succeeded. Now, through its unrivalled aggregator business model, iVvy powers real-time, online transactions between event organisers, conference centres, hotels, restaurants, even suppliers – ultimately connecting an entire industry through automation and digitisation of manual processes.

To date, the business has over 12 000 users in 13 countries and worked with over 1000 clients, including Telstra, Rio Tinto, Fairfax Media, Woolworths, Mantra Hotels, TFE Hotels, Rockpool Dining Group, Rydges and QT Hotels. Operating on 5 continents, iVvy offers the only fully integrated operating system for hotels, restaurants and unique venues, providing them with a booking and distribution engine that helps drive revenue growth, reduce costs and improve efficiencies.

Founder and CEO, Lauren Hall says “We’ve received an enormous amount of international interest, with the recent signing of the UK’s iconic Twickenham Stadium and Village Hotels Group, as well as the USA’s Pacifica Hotels and Treasure Island Casino. We are providing scalable solutions to problems that have never before been solved within the hospitality industry. Not only are we seeking to fund new customer acquisition in these territories, but we’re also striving for the affordability to better service our existing clients through enhancements in our software developments.”

With the fundamental technology already in place, the capital raised coupled with revenue generated by the business will ensure iVvy maintains its position as a market leader, providing a seamless end-end solution to event organisers, venues and suppliers world-wide.

In addition to its existing partnerships with Flight Centre and Ci Meetings, iVvy has recently joined forces with American Express to provide a meetings management solution to its Australian customers.

With the global Meetings and Events industry representing a Trillion dollar market opportunity, iVvy’s competitive advantages offer the potential for substantial profitability and growth. The company is keen on attracting sophisticated investors with market expertise, including private investors and those who may already operate in the hospitality industry. iVvy, which has offices in Australia, South Africa, USA, UK & Asia is welcoming investment from both local and international parties.

To learn more visit ivvy.com.

About iVvy

iVvy’s cloud-based platform is a world first booking engine for the Meetings & Events industry, providing venue owners, conference centres, hotels, restaurants and cruise lines with an integrated revenue management and distribution system; whereby meeting and event planners can search, compare, book and pay for function space and group accommodation in real-time. With its groundbreaking technology, iVvy enables venue operators to yield their event spaces by sharing live inventory data to maximise profitability. iVvy has worked with over 1000 clients on 5 continents, including Telstra, Rio Tinto, Fairfax Media, Woolworths, The Queensland Government and Accor. The company has also rolled out centralised booking systems for leading hospitality groups including TFE Hotels, Wyndham and Mantra Group. With a firm foothold in the US, UK and Australasian markets, iVvy’s mission is to disrupt the global Meetings & Events industry by bringing together a highly fragmented market, and providing innovative solutions that generate real-time connectivity between the buyer and supplier.


Categories: Australian Stocks

Tags: , , ,

%d bloggers like this: