$5m To Fuel SiteMinder’s International Expansion

SiteMinder will use a $5 million investment by Bailador Investment Management to fuel international growth. Managing Director Mike Ford said: “The additional capital will allow us to quickly build on an already strong European presence, underpinned by the success of our London office which we opened in 2010.

“We will fast-track the development of innovative product features, expand our sales and support capabilities in new and existing markets, and drive further adoption of our platform internationally.”

He said more than 6000 hotels in 90 countries now using SiteMinder’s distribution platform and commission-free booking engine software, generating in excess of $2 billion in reservation revenue each year.

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