OYO Acquires Mumbai Based IoT Startup AblePlus
The pocket-friendly hospitality chain OYO has announced a new acquisition. The company has taken over an Internet of Things (IoT) technology company known as AblePlus Solutions Pvt. Ltd for an undisclosed amount.
After this acquisition, the hospitality startup will be bringing in IoT into the basic zones of their hotel management system. The main purpose of this acquisition is to enhance its technology portfolio with the help of artificial intelligence and much more. OYO objects to create a sustainable ecosystem through technology and artificial intelligence for managing hotels and assets as stated by the company.
Anil Goel, OYO Chief Technology Officer said,
"With the introduction of IoT into the basic precincts of hotel management, we aim to enhance customer and partner experienc...