2 minute read | June.27.2024
Duetto, a leader in revenue management software for the hospitality industry, has been acquired by private equity firm GrowthCurve Capital.
Orrick represented Duetto.
GrowthCurve is acquiring the business from affiliates of Warburg Pincus and other shareholders. Terms of the transaction were not disclosed.
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.
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 accelerate growth and drive long-term value.
Warburg Pincus LLC is a leading global growth investor. The firm has more than $81 billion in assets under management. The firm’s active portfolio of more than 250 companies is highly diversified by stage, sector, and geography.
GrowthCurve’s investment will enable Duetto to further accelerate its AI strategy, including the development of new data analytics products, support the launch of new business lines and expand into new markets.
"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,” said David Woolenberg, CEO of Duetto. “This acquisition will boost our investments in innovative tech, enhance our capabilities to support our customers and solidify our leadership in hotel revenue management.”
Ash Somani and Parag Gupta, Managing Directors at Warburg Pincus, credited “Duetto’s relentless focus on customer satisfaction” as a key to its success.
“Under David Woolenberg’s leadership, Duetto has built an incredibly talented team that we are confident will continue to thrive in its next phase of growth,” they said.
Orrick’s Leah Recht and David Ruff led the team that advised Duetto. The team also included Justin Montis, Derek Jones, Sojin Kim, Ashleigh Williams, Delia Bennett, Laura Bagarella, Sarah Schaedler, Eric Wall, Shannon Yavorsky and Craig Falls.
Orrick has advised Duetto since Warburg Pincus’s initial investment in 2017.