Oyo Acquires Danish Data Science Firm Danamica for Undisclosed Amount
Oyo Data Science. Oyo Hotels and Homes has procured Danamica, a Copenhagen-based information science organization for an undisclosed sum.
“Oyo Hotels and Homes, the world’s third-biggest and quickest developing inn network, has obtained Danamica, a Copenhagen-based information science organization, with AI and business insight abilities, represented considerable authority in powerful valuing,” the organization said in an announcement on Monday.
“This procurement is in accordance with Oyo’s proceeded with duty to its worldwide excursion rentals business through key interests in innovation items, procedures and individuals,” it said.
In August, Oyo had declared €300 million interest in the summer homes business in Europe.
With the procurement of Danamica, the organization stated, it is ready to drive top line development by utilizing dynamic evaluating over its brands – Oyo Home, Belvilla, and DanCenter.
Oyo Data Science Firm
“Moreover, Oyo and its land accomplices around the globe will profit utilizing information sciences for improved yield. Beginning with Europe, Danamica’s innovation advancements will profit Oyo’s worldwide getaway homes business,” it said.
Maninder Gulati, Global Head, Oyo Vacation and Urban Homes, stated, “Information sciences crosswise over evaluating, AI and imaging sciences have been a foundation of Oyo’s restrictive income upgrade innovation. It’s additionally a colossal missing piece in the manner customary get-away rentals industry is run. We are happy to have found Danamica, which has constructed skill in these regions.”