Pegasus solutions buys remailning 80% of Global Enterprose Technology Solutions (GETS)

12th Oct 2001

Pegasus Solutions exercised a purchase option ahead of schedule and has now completed the acquisition of Global Enterprise Technology Solutions LLC (GETS), buying the 80 percent of the company it didn`t already own for $11.5 million cash.

Under Pegasus` direction and funding, GETS developed the Pegasus Central ASP system introduced last June.
Through the acquisition, Pegasus also assumed ownership and support responsibilities for the client/server PMS which GETS currently supports for nearly 500 Best Western properties.



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