HRS Group of Companies extends its operations to South Korea

Singapore - HRS Hospitality & Retail Systems has expanded its presence in the Asia Pacific region through the acquisition of an IT services provider in South Korea.

According to annual statistics from the Korea Tourism Organization, the country is supported by 1.2 million tourist arrivals, creating a high demand for both local and global hospitality businesses. As the leading IT solutions provider for HoReCa, HRS serves the global hospitality industry through the provision of integrated and end-to-end solutions,

As Oracle Hospitality's largest Platinum partner worldwide, HRS provides services to 3000 customers in over 50 countries. HRS has a wide portfolio of IT products and solutions that they will bring into the South Korean marketplace, including OPERA Property Management System and Simphony Point-of-Sale. These products are further complemented by in-house products such as the HRS Payment Gateway, and TNG, our Guest Loyalty and Activities Management solution. The HRS Payment Gateway allows the seamless integration between local payment solution providers and Oracle Hospitality products, such as OPERA and Simphony. TNG is a guest- centric solution that has been created to help businesses manage customer activities, optimize sales and increase revenue, whilst simultaneously improving customer loyalty.

"HRS prides itself in being a single IT solution provider, backed by a global portfolio of high-end products and services that are tailored to fit the local environment. With this acquisition, we will be able to offer an even more competitive and holistic customer experience, one that is advantageous for partners and customers in South Korea.", said Joanne Vaughan, founder and CEO of the HRS group of companies.

Howard Tse, Regional Managing Director for Asia Pacific added, "HRS in South Korea has already lined itself up with key hospitality players, including local and international hotel brands within the country. Utilizing our global knowledge and backed by a local team of experienced and established specialists, HRS is poised and ready to service new customer accounts in South Korea immediately." Tse also quoted "We Think Global, Act Local."

About HRS Hospitality and Retail Systems

HRS Hospitality and Retail Systems is Oracle's largest hospitality partner worldwide, providing coverage in 90 countries to more than 11,000 customers. With over three decades of experience in installing and maintaining hospitality systems, our commitment to providing exceptional support extends 24 hours a day, 7 days a week, 365 days a year, all in your local language.

Information Technology Partnerships, Mergers & Acquisitions