In December 2023, Advent Partners 3 Fund completed an investment into RMS Cloud, a leading provider of cloud-based SaaS Property Management Software (PMS) for the accommodation sector, including serviced apartments, campgrounds & parks, hotels, motels and other lodging forms.

Founded in 1983, RMS offers an all-in-one PMS solution with a suite of features, including bookings, reservation management, marketing, channel management, housekeeping, back office and compliance reporting. Recently, RMS launched a payment processing service “RMS Pay” to monetise the AUD$7 billion of gross transaction value from its existing customer base. RMS has c.160 staff and is headquartered in Melbourne, Australia.

Advent’s investment thesis is focused on;

  1. Supporting the go-to-market in international markets
  2. Accelerating the penetration of RMS pay in the existing customer base
  3. Continuing to invest in the product to build the platform’s functionality advantage,
  4. Building back-office capabilities
  5. Retaining and attracting management talent to support growth and eventual exit.
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