Wolf Theiss has advised hospitality sector software provider Hospitality Software Solutions on its acquisition of SiTec.
According to Wolf Theiss, “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.”
SiTec is the provider of a cloud solution called Front Office Cloud, which combines a hotel program, restaurant cash register, marketing, and employee communication tools.
The Wolf Theiss team included Partners Sarah Wared and Matthias Unterrieder, Counsel Paulina Pomorski, Senior Associates Lukas Ploesch and Magdalena Ziembicka, Associates Nikolaus Wollner and Pascal Gstoettner, and Consultant Karin Spindler-Simader.
Wolf Theiss was unable to disclose further information on the deal.