beaconsmind Group, a Swiss company, has announced the acquisition of Lokalee, a UAE-based startup specializing in travel technology, for $12.8 million.
Lokalee operates as a technology platform leveraging artificial intelligence to provide integrated digital services for hotels, attracting investor interest due to its scalable business model.
In discussing the key to the deal’s success, Abe Frim, one of Lokalee’s founders, emphasized that “preparation is key.” He stated: “We had to build robust and transparent systems, focus on protecting intellectual property, and ensure compliance with laws. We also worked on clarifying the company’s vision and goals, which helped our team stay focused on the ultimate objective.”
He added that operational readiness was a critical factor, as the company conducted a comprehensive review of its operations before starting the acquisition process. He also stressed the importance of clear communication with the other party’s team, helping to reduce misunderstandings and ensure harmony between the two teams.
Abe Frim also shared advice for startups seeking similar success: “Companies should focus on scalability, demonstrate clear growth indicators, and build strong networks with key players in the sector. Transparency and continuous innovation also enhance trust and make the company more attractive to investors.”
This acquisition marks a strategic move for beaconsmind Group to strengthen its presence in the travel technology sector, aiming to integrate Lokalee’s advanced technologies into its services to enhance customer experiences in the hospitality industry.
