Wednesday, January 16, 2013

Lanyon Acquired By Private Equity Firm

Dallas-based Lanyon, a developer of software-as-a-service products for the hospitality industry, has been acquired by private equity firm Vista Equity Partners, the firm said last week. Financial terms of the buy were not disclosed. Lanyon's content and spend management products included software used by hotels to capture, organize and publish information about their properties including descriptions, rates, pictures, video, and more; for hotels and chains to respond to RFPs; and more. Lanyon was backed by Frontier Capital.