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XN protel sells protel distribution service to Planet to focus on USA Point-of-Sale system market-place

Xn protel Systems Group Limited (“XPSG”) today announces the sale of its protel PMS distribution businesses in the United Kingdom (UK) and Gulf Coast Countries (GCC) regions, to Planet Payment Group (“Planet”). With immediate effect, planet will take over direct sales, implementation and support services for XPSG’s UK and GCC based clients.

XPSG will continue to sell, implement and provide support services for the full protel PMS product range in Australia, New Zealand and Asia-Pacific territories.

Greg Spicer, Chief Executive of Xn protel Systems Group commented:e

“After a highly successful partnership with protel in the UK and GCC region, we have decided to sell our protel PMS related sales and service businesses in these two territories. Planet, who combined with protel in 2022, is investing heavily in the protel product and services portfolio and already has a strong existing sales and service infrastructure located in Europe, the UK and GCC regions. We therefore believe it makes sense to consolidate the UK and Mid-East based protel PMS businesses, serving these two markets, directly through a single relationship. We are confident that the acquisition by Planet is in the long-term best interests of our UK-based and GCC clients and staff, who will be transferring to Planet, as part of the sale. We will be working closely with the Planet team during the transition period.”

Greg Spicer, continued:

“The sale of our UK and GCC PMS distribution businesses allows us to focus on our market-leading xnPOS Point of Sale (POS) product range. We are currently investing heavily in our North American market entry phase and this decision will allow us to devote more energy towards this exciting growth phase of our POS business in the USA.”

About Xn protel Systems

Xn protel Systems is a global hospitality management software company specializing in point of sale, property management, business intelligence and activity management solutions. Our highly functional, cloud-native and open systems provide the latest technology and flexibility. They help world-class hospitality companies in over 60 countries to optimize revenue generation, simplify service operations and enhance the quality of guest communications.

For further information about Xn protel Systems please visit our website www.xnprotel.com

For further information about xnPOS please visit our new website www.xnpos.net and follow us on LinkedIn www.linkedin.com/company/xnpos-by-xn-global-systems

About Planet

Planet provides integrated software, payment and technology solutions for its customers in the Hospitality and Retail sectors and worldwide via a network of global Financial Services Partners.

Planet helps its customer and partners make the most of the connected commerce revolution. Our software and payment technology enables businesses to unlock the benefits of a more connected and digital world.

Founded over 35 years ago, we have evolved our services, delivering an innovative digital commerce platform that puts customer experience first.

With headquarters in London and more than 2,800 expert employees located across six continents we serve customers in over 120 markets.

For more information, visit:

Website: www.weareplanet.com

LinkedIn: www.linkedin.com/company/planet

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