FantasticStay reaches agreement to acquire Vreasy
Bulgaria / Spain: Vacation rental management platform FantasticStay has confirmed that it has reached an agreement to acquire Vreasy, a rental software platform and channel manager based in Barcelona.
Under the terms of the deal, FantasticStay will continue to run Vreasy as it is for the foreseeable future and it will waive all software fees for the next free months for its users; an arrangement that became effective on 1 April.
Vreasy’s customer-facing team will remain the same and they will join the FantasticStay team with immediate effect to work with the company’s existing entire user base.
All of Vreasy’s technical team will also remain part of the our newly-created workforce, as the company aims to “empower its vision of providing the greatest tools for vacation rental managers and hosts”.
FantasticStay CEO and owner, Ivan Nikolov, said: “For some years now, we have been building on this simple principle – it should be directly instrumental in helping the property managers using it to grow their business. It started as an instrument to successfully grow our vacation rental business and that has always been in its DNA.
“Going forward, I want to assure you that our mission remains unchanged – as the effective breadth of our combined offering will only expand the considerable assets of FantasticStay. We will simply have more resources to continue building products that delight our customers by bringing great value to them.
“As a final note, I want to thank the entire Vreasy team, the entire FantasticStay team, to Martin, Sibylle and Vassil personally – I’m glad we managed to forge a new bond that hopefully will enrich many people and users around the world.
“Lastly, but not least – to every single FantasticStay user and customer, I sincerely wish that you and your families stay healthy and positive. This crisis, like all of the ones will pass too and I am confident that we will emerge stronger together.
“Without you, none of this would be possible,” he added.
For more information, visit the FantasticStay website here.