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Denver,
CO – July 2023 / Newsmaker Alert: AirDNA,
a leading short-term rental (STR) data provider, announces the acquisition
of the pioneering location intelligence platform Arrivalist.
This strategic acquisition marks an important milestone in AirDNA’s commitment
to elevating the standard of data-driven decision-making within the hospitality
industry. AirDNA and Arrivalist will sit within predictis,
a family of leading software-enabled data businesses. predictis is a portfolio
company of Alpine Investors,
a people-driven private equity firm that invests in software and services
businesses.
“By
welcoming Arrivalist to AirDNA, we’re accelerating our growth trajectory
and reinforcing our commitment to delivering industry-leading insights
to our customers. The union of our powerful data platforms will provide
businesses with unrivaled intelligence, empowering them to strategize with
increased precision,” said Demi
Horvat, AirDNA’s CEO.
AirDNA’s
acquisition of Arrivalist also marks a key next step in predictis’ journey
to build a world-class investment and operating platform for data founders
and entrepreneurs. “AirDNA’s acquisition of Arrivalist represents a blueprint
for continued add-on acquisitions to supplement organic growth and capitalize
on derived data opportunities from adjacent data sets,” said Jean-Marc
Levy, CEO of predictis.
Arrivalist
pioneered the use of location data in the travel industry, using its patented
technology to create bold insights into the way travelers interact with
destinations. The company’s Calibrated Data, Arrival Lift, and other proprietary
technologies have won the trust of 200+ travel marketers in 46 of the 50
states since its inception in 2011.
In
addition to the expanded insights gained, the acquisition unites two highly
talented teams. AirDNA and Arrivalist both possess exceptional technical
talent, including data scientists, data engineers, and account managers
with deep industry expertise. The integration of these teams will propel
the development of state-of-the-art solutions that meet the evolving needs
of the industry.
“We’re
delighted to join with AirDNA to bring customers even more insights, resources,
and innovative products. Bringing together these two powerhouses creates
tremendous opportunities for future growth and continued innovation,” commented
Cree Lawson, CEO of
Arrivalist. “This partnership with AirDNA and predictis will create unprecedented
new value for our customers.”
AirDNA
and Arrivalist have already established themselves as integral players
in guiding decisions for Destination
Marketing Organizations (DMOs), hotels, and other customers. The acquisition
is expected to bring customers access to a broader range of products and
services, improved support and expertise, and enhanced innovation. Customers
of both companies can expect a seamless transition during the integration
process.
Cosine
Group served as the financial advisor to Arrivalist.
About
AirDNA
AirDNA
is a global authority in short-term rental data, offering comprehensive
insights and analytics to empower businesses in the short-term rental industry.
AirDNA helps vacation rental hosts, managers, and investors make smarter
decisions in any market or economic climate. For every short-term rental
question, AirDNA has the answer.
About
Arrivalist
Arrivalist
is a leading location intelligence platform in the travel industry. The
company uses mobile location datasets to provide actionable insights on
consumer behavior, competitive share, media effectiveness, and market trends.
Over 200 travel marketers, including 100 cities, 40 US states, and 4 of
the top 10 US theme parks, use these insights to inform media strategy,
operations, and destination development.
About
predictis
predictis
is Alpine Investors’ data software business platform. It is the home for
data founders and entrepreneurs who seek to scale their businesses as they
set out to democratize data and unlock its transformative power. predictis
is founded on the thesis that aggregating vertical software-enabled data
businesses will unlock significant value for acquired businesses and generate
above-average business results. predictis seeks to acquire, operate, and
grow leading data software businesses across multiple industry verticals.
Founders and data companies interested in learning more about partnering
with predictis should contact James Reaney or Pat Eble at jreaney@alpineinvestors.com
or peble@alpineinvestors.com.
For more information, visit www.predictisdata.com.
About
Alpine Investors
Alpine
Investors is a people-driven private equity firm committed to building
enduring companies by working with, learning from, and developing exceptional
people. Alpine specializes in investments in the software and services
industries. Alpine’s PeopleFirst strategy includes a talent program that
allows Alpine to bring leadership to situations where additional or new
management is needed post-transaction. Alpine has over $15 billion in assets
under management as of March 31, 2023 and has three offices in San Francisco,
New York, and Salt Lake City. For more information, visit www.AlpineInvestors.com
and www.AlpineInvestors.com/terms-of-use
for full disclaimers including, but not limited to, third-party reviews
and Alpine Operations Group.
Pro
forma for additional Fund IX commitments raised as of June 30, 2023 and
fair market value as of March 31, 2023.
Company
Contacts:
Arrivalist
Cree
Lawson, Founder & CEO
917-509
9953
AirDNA
Kristina
Sprindyte
Head
of Global Communications
720-372-2318 |
