Majority stake in Redslim acquired by private equity firm

Redsim now part of portfolio of technology companies owned by US-based Cove Hill Partners

Cove Hill Partners, a private equity firm based in the US, has bought a majority stake in Redslim, a provider of cloud-based revenue management software for the hospitality industry.

The deal, which was announced on Tuesday, will see Cove Hill Partners take a majority stake in Redslim, with the existing management team remaining in place.

Redsim's software is used by hotels, resorts, and other hospitality businesses to manage their revenue and pricing strategies. The company's software helps businesses to optimize their pricing, inventory, and distribution channels to maximize revenue.

Cove Hill Partners is a private equity firm that invests in technology companies. The firm has a track record of investing in and growing technology businesses, including investments in companies such as Eventbrite, SurveyMonkey, and Kayak.

The acquisition of Redslim is part of Cove Hill Partners' strategy to invest in technology companies that are solving real-world problems for businesses.

The deal is expected to close in the coming weeks.

Redsim was founded in 2012 and is headquartered in London. The company has offices in the UK, US, and Australia.

Cove Hill Partners is a private equity firm based in Boston. The firm was founded in 2008 and has over $1 billion in assets under management.

The acquisition of Redslim is a significant development for the hospitality industry. Redslim's software is used by many of the world's leading hotels and resorts, and the acquisition by Cove Hill Partners will help the company to continue to grow and innovate.