Business
Vemanti Gains Hospitality Digital Transformation Capabilities Across SE Asia with Acquisition of VinHMS
Vemanti Gains Hospitality Digital Transformation Capabilities Across SE Asia with Acquisition of VinHMS.
About this update from Vemanti Group Inc.
[{"type":"text","content":"\n IRVINE, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. (“Vemanti” or the “Company”) (OTCQB: VMNT) today announced the successful acquisition of VinHMS Pte. Ltd. (“VinHMS”), a Singapore-based technology solutions provider specializing in digital transformation for the hospitality industry across Southeast Asia. This transaction marks a strategic achievement for Vemanti, placing the Company at the forefront of the hospitality technology sector and reinforcing its commitment to becoming a leader in digital innovation. The business combination brings together complementary strengths for both organizations, with the opportunity to bolster operational capabilities, expand market reach, and drive revenue growth. With operations in Vietnam, Singapore, Cambodia, Thailand, and upcoming expansion plans for Indonesia and the Philippines, VinHMS believes it is well-positioned to capitalize on emerging revenue opportunities in the region. Founded in 2018 with operations initiated in Vietnam, VinHMS’s native cloud-based platforms aim to reduce overall costs, streamline processes, enhance operational efficiency, accelerate new innovations, improve guest experiences, and increase financial performance for hotel operators utilizing artificial intelligence (AI), machine learning (ML), and proprietary advanced algorithms. In addition to its flagship hospitality management solution, CiHMS, VinHMS offers a suite of products, including asset management (CiAMS), theme park management (CiTMS), and a digital transformation solution for small hotels (CiTravel). With nearly 100 employees and a focus on operational excellence, customer satisfaction, and sustainable growth, VinHMS is committed to delivering exceptional value to customers and partners alike. The company has established itself as a leader in hospitality digital transformation with a proven track record of successful implementations for numerous hotels. Among its illustrious achievements over the years is how VinHMS stood out for its record solution deployment time at the height of COVID-19. During this challenging period, VinHMS deployed CiHMS to 35 hotels across 15 cities, migrated to its platform a staggering 14,000 rooms in just 98 days. Currently, VinPearl Joint Stock Company (“VinPearl”), a prominent hospit...