A Bedfordshire-based provider of software to higher education institutions has been snapped up by Volaris Group, a Canadian business which acquires, strengthens and grows technology companies.
Kinetic Solutions, headquartered in Cranfield, provides software for student accommodation, conference and event management.
The company's core products focus on integrated conferencing and venue management software as well as comprehensive student accommodation services to manage the entire student housing process.
Kinetic also works with venues such as castles, theme parks and stadia. In addition, the business provides catering management software.
Its customers include the University of Warwick, University of Edinburgh, University of Kent, Woodland Grange Conference Centre, UC Berkeley, Michigan State University and University of Nebraska-Lincoln.
The financial value of the takeover was not disclosed.
"We are very excited about the possibilities ahead of us for both our customers and our employees," said Kinetic managing director Chris Wildsmith. "Volaris' commitment to success through organic growth initiatives and their expertise in operational mentoring align perfectly with our company's vision and values."
Kinetic will continue to trade under the Kinetic Solutions brand and will join AssetWorks and Boss Software in Volaris' asset management & logistics vertical.