Netherlands: Fortino Capital Partners has announced it has invested in Maxxton, the all-in-one software solution developed for short-term rental property managers.
Maxxton, which is headquartered in Middelburg in the Netherlands, will receive investment from Fortino Capital as the company seeks to continue its expansion and maintain its growth into the vacation rental and serviced apartment spaces.
Maxxton’s software solution aims to simplify the reservation process for hospitality managers by using enterprise resource planning (ERP) to cater to the specific needs and requirements of the rental sector. At the same time, the firm automates all manual work, increases efficiency and reduces staffing costs for hospitality organisations, in order to create as seamless a booking process as possible.
Jean-Pierre Mampaey, founder and CEO of Maxxton, initially developed the software for large chains like European holiday park operator Roompot.
The fragmented market of property management software offers attractive investment propositions, driven by trends in the leisure, home rental and serviced apartments industries in particular.
In addition, Maxxton is in the process of rolling out the latest version of its software after reportedly receiving positive reactions from its customers.
Now, as a majority shareholder, Fortino Capital will assist the company in its international expansion plans expand and its venture into parallel segments as well.
Matthias Vandepitte, partner at Fortino Capital, said: “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.”
Maxxton founder Mampaey said: “Over the last two 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.”
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