Real-Time Hotel Distribution Provider, RezNext Raises $5 Million From NEA

reznext neaReal-Time Hotel Distribution Management Solutions provider RezNext Global Solutions has announced that it has raised $5 million of funding from venture capital firms New Enterprises Associates, Inc. (NEA) to accelerate the company’s growth.
“This funding will help us substantially increase our market penetration, deliver our full product portfolio, and ensure that our customers and partners succeed through increased collaboration, great customer service and improved revenues. This will also fuel our expansion plans in the domestic and international markets.” – Mike Kistner, Chief Executive Officer, RezNext Global Solutions.
RezNext offers distribution technology for hotels in a real-time environment, helping hotels demystify and automate the current hotel distribution landscape. The technology also levels the playfield for lower and mid-scale hotels, allowing them to quickly get online and leverage the opportunity the internet presents today.
Reznext was launched in 2012 and has seen a quick growth. The firm has on boarded more than 1200 customers and is currently in expansion mode, targeting markets in Asia, Africa, and the Middle East.
NEA had recently invested in online designer stationery store InkSedge and housing and property broker IndiaHomes.

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