Netherlands: Fortino Capital Partners has invested software provider Maxxton, becoming the majority shareholder in the company.
Maxxton, which employs 200 people, provides an all-in one software solution developed for serviced apartment, vacation and short-term rental managers. It is headquartered in Middelburg and has worldwide offices. Brussels-based Fortino Capital will assist Maxxton to further expand internationally and strengthen its current presence in vacation rentals, holidays parks and serviced apartments.
Maxxton is a software as a service (SaaS) solution to simplify the reservation processes for hospitality managers. Its enterprise resource planning (ERP) platform caters specifically to the needs of the accommodation rental sector. Maxxton automates time-consuming manual work, increases efficiency and reduces staffing costs for hospitality organisations.
Jean-Pierre Mampaey, founder and CEO of Maxxton, initially developed the software for large chains like Roompot, a leading European holiday park operator. Jean-Pierre has a very strong expertise in the leisure industry and has since then taken Maxxton to clients worldwide. Maxxton addresses the complex needs of large vacation & short-term rental managers such as Roompot, Novasol and Castle Resorts.
The fragmented market of PMS (Property Management Software) offers attractive investment perspectives, driven by the favourable trends for the leisure industry in general, and the home rental and serviced apartments market in particular.
Historically, Maxxton gained a strong market position by addressing the complex needs of hospitality managers using the latest technologies. Maxxton is currently rolling out a new version of its software with very positive feedback from its customers.
As a majority shareholder, Fortino Capital will assist Maxxton to further expand internationally and to strengthen its presence in adjacent segments.
Matthias Vandepitte, partner at Fortino Capital, says: “We are delighted to support Maxxton with its ambitious growth strategy and we look forward to bringing our expertise in B2B software to Jean-Pierre and his team.”
Jean Pierre-Mampaey, founder of Maxxton, added: “Over the last 2 decades, we have built a strong ERP software solution, initially for Roompot and today addressing the complex needs of clients all around the world. Together with Fortino Capital, we are now ready to bring Maxxton to the next level by strengthening our commercial organisation and broadening our product offering.”
Maxxton is a sponsor and exhibitor at the 2019 Serviced Apartment Summit Europe.</p
