SAS acquires hospitality industry software
Published: Mon, Aug. 04, 2008 10:43AM
Modified Mon, Aug. 04, 2008 10:50AM
E-Mail
Print
tool name
closeSAS of Cary this morning announced that it has acquired a software company that helps the hospitality industry maximize revenue.
The world’s largest, privately-held software provider bought IDeaS Revenue Optimization of Minneapolis, Minn. Financial terms were not disclosed.
The acquisition complements SAS technology that helps global retailers such as Hudson’s Bay Company of Canada and Kohl’s Department Stores optimize prices to maximize revenue. SAS will use software created by IDeaS to help more industries gain insight into customer behavior.
More Home
IDeaS customers already include Hilton, Hyatt International, Mandarin Oriental, Intercontinental Hotels Group and Fairmont Hotels.
"IDeaS is extremely successful in the hospitality industry, and its highly regarded application base is capable of much more," Jim Goodnight, CEO of SAS, said in a statement.
IDeaS, which employs 200 people, will operate as a subsidiary of SAS with its own management team.
vicki.parker@newsobserver.com or (919) 829-4898
Get it all with convenient home delivery of The News & Observer.
The News & Observer is pleased to be able to offer its users the opportunity to make comments and hold conversations online. However, the interactive nature of the internet makes it impracticable for our staff to monitor each and every posting.
Since The News & Observer does not control user submitted statements, we cannot promise that readers will not occasionally find offensive or inaccurate comments posted on our website. In addition, we remind anyone interested in making an online comment that responsibility for statements posted lies with the person submitting the comment, not The News and Observer.
If you find a comment offensive, clicking on the exclamation icon will flag the comment for review by the administrators, we are counting on the good judgment of all our readers to help us.
