Spotlio has announced the integration of its European and US businesses and absorption of the Catalate brand.
The technology developer, a leader in the ski resort, parks and attractions sector, will now operate under a unified Spotlio brand across both regions. It will also be listed on the Oslo stock exchange as Spotlio AS having previously been Canopy Holdings AS.
Spotlio said the combination of operations will streamline processes and enable it to connect resorts and attractions with consumers. The unification will incorporate demand-based dynamic pricing and e-commerce solutions across platforms, ranging from web to mobile apps. It will also remove the obstacles hindering the provision of an optimal omnichannel customer experience.
Spotlio’s products include mobile apps, interactive maps and the Skitude community app.
Its brands have facilitated over $1bn in online sales across the parks and attractions landscape. Its clients Aspen Snowmass, Vail Resorts, and Crans Montana, while partners include Inntopia, Skidata and Axess.
“Today marks a pivotal moment in our journey,” said Christian Erlandson, Spotlio’s group chief executive. “The union of Spotlio and Catalate ignites an era of limitless possibilities, where our collective expertise will reshape the landscape of destination digital technology.”
Meanwhile, Spotlio has reported revenues of $1.2m for the financial first quarter ending July 31, 2023. It stated annual recurring revenues of $7.5m and a cash position of $3.1m at the end of the period.
Erlandson said: “Spotlio has continued to execute on its strategy during this quarter with exciting new partnerships and customers signed and a relentless focus on cost rationalisation initiatives. We remain on track on our path towards achieving operational profitability.”