Hotel-focused tech group RSI International Systems Inc (TSX-V: RSY) said The Ernest W. Moody Revocable Trust had completed its acquisition of the 6mln shares in the company from Skywire Media Inc.
As a result of the purchase, the trust now owns around 16.3mln shares of the issuer, or about 44.61% of the issuer’s capital.
The two entities - Skywire and the trust- are related parties and there is no change in beneficial ownership for RSI International.
RSI’s RoomKey property management system is a cloud-hosted software aimed at making managing a hotel easier.
It is used by over 800 hotel properties and handles over 20 million client transactions annually.