OpenBook Gets Funding For Hotel Reservations Systems

OpenBook, a developer of computer and Internet property management systems for hotels and hospitality providers, said today that it has raised an investment round from Salt Lake City-based Accelerate Ventures. Financial terms of the deal were not disclosed. Rexburg, Idaho-based OpenBook said the funding will go towards managing online trials, and marketing its solution to a larger worldwide audience. OpenBook is headed by Zack Paul, and says it provides applications to distribute, dynamically price, and book rooms via Internet travel websites, online booking engines, the Global Distribution System (GDS), and other channels. More information »