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NYC-based GrowthCurve Capital Acquires Duetto

Duetto, a leading provider of revenue management software for the hospitality industry, today announced that it has been acquired by GrowthCurve Capital. GrowthCurve is acquiring the business from affiliates of Warburg Pincus and other shareholders. Terms of the transaction were not disclosed.

Duetto, a leading provider of revenue management software for the hospitality industry, today announced that it has been acquired by GrowthCurve Capital. GrowthCurve is acquiring the business from affiliates of Warburg Pincus and other shareholders. Terms of the transaction were not disclosed.

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GrowthCurve Capital is a control-oriented private equity firm focused on building businesses by utilizing data, analytics and machine learning, combined with a comprehensive approach to human capital, to seek to accelerate growth and drive long-term value. GrowthCurve Capital will partner with Duetto to further accelerate its AI strategy, including the development of new AI products, support the launch of new business lines and expand into new markets.

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David Woolenberg, CEO of Duetto, stated, “We are excited to partner with GrowthCurve whose expertise in machine learning and AI, coupled with their experience in high-growth businesses, aligns perfectly with our vision. This acquisition will boost our investments in innovative tech, enhance our capabilities to support our customers and solidify our leadership in hotel revenue management. We thank our customers, team members, founders and partners for their continued support, as well as Warburg Pincus, Icon Ventures and our investors for their partnership. With the strength of the Duetto brand, we are confident that, together with GrowthCurve, we will achieve our ambitious growth objectives and drive the future of hospitality tech.”

Matthew Popper, Head of Technology and Information Services Investing at GrowthCurve, said, “Duetto is a leader in the fast-growing revenue management software market, with a differentiated solution that helps clients harmonize data and manage decision-making at scale. We look forward to partnering with David and the rest of the management team to accelerate Duetto’s growth, including applying GrowthCurve’s functional capabilities in data science and AI to further enhance the solution’s value proposition for clients.”

Jefferies LLC served as lead financial advisor, William Blair served as an advisor, and Orrick, Herrington & Sutcliffe LLP served as legal counsel to Duetto. Houlihan Lokey served as exclusive financial advisor and Davis Polk & Wardwell served as legal counsel to GrowthCurve Capital.

About Duetto

Duetto delivers a suite of SaaS cloud-native applications for hospitality businesses to optimize every booking opportunity for greater revenue impact. The unique combination of hospitality experience and technology leadership drives Duetto to look for innovative solutions to industry challenges. The software as a service platform allows hotels, casinos, and resorts to leverage real-time dynamic data sources and actionable insights into pricing and demand across the enterprise.

About GrowthCurve Capital

GrowthCurve Capital is a private equity firm focused on building businesses by leveraging data, analytics, and machine learning, combined with a comprehensive approach to human capital, to seek to accelerate growth and drive long-term value. Founded by Sumit Rajpal, former Global Co-Head of the Goldman Sachs Merchant Banking Division, the firm focuses on data-rich, control-oriented private equity investments primarily across the technology and information services, healthcare, and financial services sectors.

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