Brandl & Talos Advises RateBoard on its Successful Exit
Vienna, 29 January 2020 – A success story from the Austrian start-up scene: RateBoard becomes part of the Italian Zucchetti Group.
RateBoard developed an innovative revenue management software for the hotel industry. Less than five years after its creation, the Austrian start-up has now achieved a major milestone: The exit to the software giant Zucchetti, Italian market leader in the field of software solutions for the hospitality and restaurant industry with a turnover of over EUR 850 million (2019) and more than 400,000 customers.
In a transaction highly promising for the Austrian technology scene, Zucchetti acquired 100% of RateBoard. In addition to the founders Simon Falkensteiner and Matthias Trenkwalder, the RateBoard investors also included aws Gründerfonds, Falkensteiner Ventures and Nextfloor Ventures.
Brandl & Talos has been providing RateBoard with all-around legal support for many years. The team of partner Roman Rericha, including associates Stephan Strass and Matea Plavotic, supported RateBoard through their successful exit as transaction lawyers.
“Having provided intensive, all-around support to RateBoard in the past years, we are very pleased that we have accompanies this company to its successfully exit. The sale to Zucchetti is a great milestone for both RateBoard and the entire Austrian start-up scene. This exit shows that top overseas companies are also looking at young Austrian enterprises,” comments Roman Rericha.
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Photos: Roman Rericha, Stephan Strass & Matea Plavotic