News

Yanolja Cloud has been recognized as the country winner at the IDC Future Enterprise Awards 2023 by the International Data Corporation (IDC), a renowned IT market analysis and consulting organization.

Jongyoon Kim, Yanolja Cloud CEO, has been honored as South Korea winner in “CEO of the Year” category at the IDC Future Enterprise Awards 2023 for leading the digital transformation of his company and the industry to achieve future growth and innovation. Under his leadership, Yanolja Cloud has become a leader in integrated hospitality solutions using AI and big data technologies, enabling digital interactions with customers and forging over a dozen strategic partnerships with industry leaders. This has helped raise revenue sevenfold and grow to over 80,000 solution licenses in just a few years. Jongyoon also ensured the implementation of a cloud-based infrastructure that enhances scalability, flexibility, and accessibility, and promotes collaboration and remote work capabilities, all based on a unified vision that brings together distributed member companies.

This prestigious award from IDC recognizes CEOs who have developed a strategy to create a future enterprise and whose vision sets an agenda for the digital-first world, responding effectively to new customer requirements, capabilities, critical infrastructure, and industry ecosystems. Their vision includes working with partners within the ecosystem to develop new products, services, and experiences, built by a digitally capable and empowered workforce in a data-driven organization. CEOs are also evaluated for their ability to ensure that the organization is equipped to take on the challenges of the digital-first world: striking a balance between business agility and innovation, managing risk and security, and cultivating sustainability within the business. Any CEO taking home this honor also needs to be an excellent storyteller and successful in delivering this message to the rest of the organization.

“I am humbled to be named CEO of the Year at the 2023 IDC Future Enterprise Awards – Korea.” said Jongyoon Kim, CEO of Yanolja Cloud. “As the hospitality and leisure industry continues to evolve and respond to rapid changes, digital transformation will become more important than ever and I look forward to Yanolja Cloud continuing to lead digital transformation everywhere, one property at a time.”

The IDC Future Enterprise Awards, now in its 7th edition, identifies organizations that have demonstrated excellence in business innovation through cost-effective and sustainable operational strategies in the face of ongoing economic challenges. A total of 18 award categories were presented to organizations that showcased outstanding performance. Over the past six years, this award has recognized innovative companies that are well-suited for the digital business era.

The selection process for the IDC Future Enterprise Awards in the region follows a two-stage approach. All candidates are objectively evaluated by regional researchers based on the IDC Future Enterprise classification criteria. The national winners then advance to the regional finals, competing against other national winners in the same award category. The Asia-Pacific regional winners of the IDC Future Enterprise Awards will be announced at the IDC Future Enterprise Summit Asia-Pacific Conference scheduled to be held on October 31st in Singapore.

IDC Korea’s Associate Vice President Han Steffi, commented, “The Asia-Pacific region, including Korea, is leading the way in the digital business era. Simultaneously, the strategic impact of digital business innovation on companies is expanding, leading to an increase in CIOs, CDOs, and CEOs advocating for digital-first strategies and digital business.” She further noted, “The domestic winners of this year’s IDC Future Enterprise Awards showcase various achievements of organizations that have successfully transformed their business, operational, and organizational models in pursuit of a transition to digital business models.”

2023-10-17

News

‘HomeKnock,’ a property technology platform developed by Trustay, a joint venture between Yanolja Cloud and KT Estate, has achieved a significant milestone, surpassing KRW 52 trillion in registered assets.

Trustay’s ‘HomeKnock’ is a property technology platform in Korea designed to streamline residential and commercial real estate leasing and asset management. The platform has been on a remarkable growth trajectory, consistently expanding its registered assets and subscriber base through its diverse service and information offerings aimed at maximizing asset value, offering user-friendly asset management features, market trend analyses, insights from legal and tax professionals, and real-time news updates. Within just one year of its launch (as of the end of July), HomeKnock has amassed more than 110,000 registered assets and attracted over 89,000 subscribers. Compared to end-of-year figures from the previous year, the total value of registered assets has more than doubled, and the number of registered assets and subscribers has increased by approximately 175% and 195%, respectively. 

Trustay is continuously enhancing its functionalities for HomeKnock platform users. In a recent update, the company introduced a map-based “Real Estate Near Me” feature to provide more accurate insight into asset price fluctuations. HomeKnock supports asset management functionalities for asset management companies and allows integrated management of individual household units, and is continuing to expand the types of asset managers eligible for registration.

Trustay seeks to establish itself as an integrated real estate management platform by expanding the range of registered assets from residential and commercial real estate to land, as well as adding more features to make asset management more convenient for property owners. Furthermore, Trustay aims to lead the way in developing new services for both property owners (supply-side) and residents (demand-side) by integrating assets with its cloud-based PropTech solutions, HomeKnock Town and HomeKnock Zone.

“To maximize the value of owned assets, it is crucial to have access to precise information and adopt effective strategies according to market dynamics,” said Jungyoon Kim, CEO of Trustay. “Leveraging HomeKnock’s reliable data, we will continue to support property owners by providing easy and convenient access to accurate and timely asset information, empowering them to formulate strategies to help maximize asset value.”

2023-09-08

News

Yanolja Cloud, a leading global provider of AI-based SaaS solutions for the hospitality and leisure industries in over 170 countries, is delighted to announce its acceptance into the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate program, a co-sell program for organizations that provide software solutions that run on or integrate with AWS.

In 2022, Yanolja Cloud attained the AWS Travel and Hospitality Competency, which recognizes the company for delivering product innovation in the travel, accommodation, leisure, food and beverage, and residence industries. One such innovation is an integrated IoT and AI-based hotel solution, which records guest preferences for lighting, room temperature, and amenities, to help improve the guest experience. 

The AWS ISV Accelerate Program enables Yanolja Cloud to build new business models and accelerate sales cycles by working closely with the AWS Sales organization.

Yanolja Cloud, with its vast portfolio of member companies such as eZee, Yanolja Cloud Korea, and SanhaIT, is poised to leverage the co-sell support and benefits provided by the AWS ISV Accelerate program. Member companies can now look forward to enhancing their software solutions, refining their business strategies, and expanding their market reach with AWS, driving innovation, delivering exceptional value, and transforming the hospitality and leisure industries globally.

“We are thrilled to be selected for the AWS ISV Accelerate program,” said Andrew Kim, Senior Director of Strategic Partnerships at Yanolja Cloud. “This collaboration with AWS will enhance our technical capabilities, refine our business strategies, and accelerate our growth trajectory. With the program’s comprehensive support, we are confident in our ability to deliver cutting-edge solutions that will revolutionize the hospitality industry.”

2023-07-27

News

eZee Technosys (eZee), a leading global hospitality company offering end-to-end integrated hospitality technology solutions and a Yanolja Cloud member company, is proud to be named as a 2023 Booking.com Premier Connectivity Partner. The ‘Premier’ designation is the top ranking in Booking.com’s program and a reflection of the eZee’s excellent performance, quality of service and commitment to the success of their customers.

To earn this status, Booking.com scores performance across four pillars: business value, property performance, connectivity solutions and engagement. eZee’s extensive experience in supporting a portfolio of top-performing properties have been key factors in earning this recognition. eZee’s feature-rich product offerings also enable properties to manage content with ease and deliver a high-quality connection for a reliable experience and streamline their operations with focus on the guest experience.

Within business value & property performance categories, eZee’s close collaboration with Booking.com focussed on enhancing property performance playing a role in this recognition.

“We are honored to have been named a Booking.com Connectivity Partner since 2017 and a Premier Connectivity Partner for the sixth consecutive year,” said Aeijaz Sodawala, CEO of eZee. “This recognition highlights our dedication to continually raise the bar on providing complete hospitality solutions.”

Reece Evans, Area Manager Connectivity Partnerships APAC, at Booking.com stated, “I am excited to see our valued connectivity partner eZee once again achieve Premier status in our program, recognising the continued investment in our partnership, our connection and their platform offering to deliver a seamless experience for accommodation partners.”

“eZee aims to lead the digital transformation of hospitality and leisure properties everywhere”, said Jongyoon Kim, CEO of Yanolja Cloud, parent company of eZee and a leading global provider of AI-based SaaS solutions for the hospitality and leisure industries . “Looking ahead, eZee remains dedicated to driving the hospitality industry forward by leveraging advanced technology and solutions that enhance guest satisfaction and drive business success.”

For more information about Booking’s Premier Connectivity program please visit the Connectivity Hub.

 

 

2023-07-18

News

– Yanolja Cloud sharing its SaaS solutions, travel and leisure expertise, and digital transformation strategies in Eastern Europe
– Expands strategic partnerships with local companies and bolsters technological collaboration

Yanolja Cloud, an AI-driven global SaaS (Software-as-a-Service) solutions provider, is accelerating its SaaS solutions to hospitality companies and properties in Eastern Europe, through its participation in South Korean President Yoon Seok Yeol’s economic delegation to Poland.

Yanolja Cloud supports the digital transformation of hospitality and leisure properties through cloud-based software, improving operational efficiency for businesses while enhancing convenience for travelers. Yanolja Cloud intends to expand its suite of SaaS solutions, and increase its knowledge of Eastern European market needs through its participation in the Delegation.

Yanolja Cloud will seek opportunities to expand strategic partnerships with local businesses by sharing details on its solutions and vision for data-driven digital transformation. To kick-start this endeavor, Yanolja Cloud introduced its Property Management System (PMS), Revenue Manager (RM), and Channel Management System (CMS) to hotel and resort properties in Poland through a corporate briefing session.

Furthermore, Yanolja Cloud will collaborate with travel and leisure companies in Poland and Eastern Europe. Leveraging its globally recognized travel channeling solutions that boast an inventory of over one million travel products worldwide, Yanolja Cloud plans to strengthen cooperation with local platforms and both online and offline travel agencies. Additionally, Yanolja Cloud will utilize its position as a global inventory hub to supply the European market with Korean travel content, helping contribute to the growth of inbound travelers to Korea.

“As a global SaaS provider, Yanolja Cloud seeks to share our expertise as well as gain insights about different customer needs around the world,” said KC Chun, Head of the Cloud Solutions Business Group. He added, “Our aim is to expand our offerings in Eastern Europe and beyond, advancing our mission to lead the global digital transformation of the hospitality and leisure industries everywhere.”

This recent mission to Poland follows Yanolja’s participation in economic delegations during the South Korean President’s state visits to the UAE and Vietnam. Through these visits, Yanolja Cloud has successfully expanded its strategic partnerships with leading local companies, deepening its understanding in each region and driving innovation.

 

 

2023-07-14

News

yanolja cloud at Vietnam

Yanolja Cloud recently joined the Economic Mission to Vietnam led by South Korean President Yoon Seok Yeol which will allow the expansion of its business and offerings in the country. During the visit, Yanolja Cloud shared the stage and formed partnerships with local Vietnamese businesses, including VNTravel, DiHotel, and Fusion Hotel Group. These partnerships aim to accelerate the digital transformation of the travel industry, improve operational efficiency for accommodations, and promote Korean Travel content throughout Southeast Asia.

photo with VnTravel
△Andrew Kim with officials from VnTravel

One of the key partnerships formed by Yanolja Cloud is with VNTravel, Vietnam’s leading travel technology company. Building on their existing collaboration, Yanolja Cloud and VNTravel are focused on developing state-of-the-art technology solutions to enhance travel experiences and drive digital transformation within Vietnam and the Korea-Vietnam corridor.

Yanolja Cloud has also signed strategic memorandums of understanding with DiHotel and Fusion Hotel Group. Through these partnerships, Yanolja Cloud aims to streamline operations for Vietnamese accommodations by providing its core hospitality solutions, including the Booking Engine (BE), Channel Manager (CM), and Revenue Management (RM) solutions. The company plans to introduce localized, integrated solutions that empower accommodation property owners with greater control and data-backed insights. Additionally, by becoming a strategic technology partner to Fusion Hotel Group, Yanolja Cloud plans to help optimize operational efficiencies and elevate the guest experience across the group’s portfolio.

With a strong presence in Vietnam and consistent growth in the region, Yanolja Cloud is continuing to establish itself as a global leader in the hospitality solutions space. Currently, the company provides cloud-based solutions to over 100 hotel operators in Vietnam and is hoping the recent partnerships will accelerate further growth.

 

Korea_Vietnam-MOU-Signing-Ceremony_DiHotels
△Andrew Kim and DiHotel officials are posing together

Andrew Kim, Senior Director of Strategic Partnerships for Yanolja Cloud, expressed excitement about the strategic partnerships formed during the visit, since they hold great potential for increased tourism, knowledge exchange, and enhanced travel experiences. Kim emphasized Yanolja Cloud’s dedication to bringing cutting-edge cloud-based solutions and catalyzing the digital transformation of the hospitality market, not only in Vietnam, but throughout Southeast Asia and beyond.

Yanolja Cloud’s active participation in important economic missions demonstrates its commitment to leading digital transformation globally. In addition to the recent Vietnam visit, earlier this year the company joined a presidential economic delegation to the Middle East. We look forward to seeing the innovations born out of these and future collaborations.

 

2023-07-04

News

Y KIOSK

– Yanolja Cloud and Samsung Electronics target the global hospitality market with first collaborative product
– Aims to drive operational and resource efficiency in the global hospitality sector with its innovative technologies

Yanolja Cloud, an AI-based cloud solution (SaaS) company, is making significant strides in its global business expansion with the introduction of ‘Y KIOSK,’ a cutting-edge solution tailored for the global hospitality market. Co-led by Jongyoon Kim and Junyoung Lee, the company has been actively acquiring global B2B solution companies to bolster its growth.

Yanolja Cloud unveiled the ‘Y KIOSK’ as its flagship collaborative product developed in collaboration with Samsung Electronics. Leveraging Yanolja Cloud’s solution expertise and Samsung Electronics’ advanced kiosk technology, this innovative kiosk solution comes as part of the ongoing B2B business agreement between Yanolja Cloud and Samsung Electronics to digitally transform the hospitality industry and provide innovative solutions that converge property solutions and smart appliances.

The newly launched cloud-based solution takes a tailored approach, optimizing the solution according to the individual characteristics and operational environment of each property. Notably, property owners will benefit from real-time software upgrades and remote maintenance and management capabilities, ensuring cost-effective access to the latest version of the solution.

Furthermore, the kiosk supports real-time synchronization of reservation statuses from various online and offline booking channels, allowing properties to achieve a more systematic and efficient approach to customer management and on-site staff operation. Walk-in customers will also be able to enjoy convenient contactless check-in/check-out experiences regardless of their arrival time or pre-booking status.

Moreover, the new kiosk incorporates enhanced identification verification capabilities which utilize deep learning-based optical character recognition (OCR) technology and pinhole cameras (CCTV) to ensure a safe and secure guest experience. Property owners will have the option of choosing between sleek stand-alone and table-top models, depending on the operational requirements of their establishments.

Jongyoon Kim, CEO of Yanolja Cloud, expressed his enthusiasm for the new launch, “By combining Yanolja Cloud’s unique hospitality solutions with Samsung Electronics’ technological expertise, we are proud to offer a smart kiosk optimized for the global market.” He further added, “Leveraging our diverse strengths, we aim to enhance the operational and resource efficiency of both domestic and global small to medium-sized business and boutique hotels, which often face challenges providing high-quality front-end services with limited resources.”

Meanwhile, Yanolja Cloud will participate in the “2023 Korea Hotel Show,” the largest hotel industry exhibition in Korea, which will be held from June 14 to 16 at COEX in Gangnam, together with Yanolja Cloud member companies, SanhaIT and Yanolja F&B Solution. The exhibition will provide an opportunity for industry professionals and the general public to explore and experience the new ‘Y KIOSK’ as well as the transformative potential of a travel environment empowered by hospitality solutions.

2023-06-07

News

Yanolja Cloud CEO Jongyoon Kim

▲ Yanolja Cloud CEO Jongyoon Kim speaking at the press conference held to commemorate the joint founding of “Connectfy Cloud” with SK D&D

  • Creating a sustainable proptech ecosystem of cooperation and mutual growth with small businesses and startups through digital transformation
  • Yanolja Cloud and SK D&D join forces to establish Connectfy Cloud, a customer-centric O2O solution for living services
  • Yanolja Cloud spearheads digital transformation of spaces with joint fund for proptech ecosystem innovation and development of big data-driven proptech solutions

AI-based global SaaS company, Yanolja Cloud, led by co-CEOs Jongyoon Kim and Junyoung Lee, has recently announced the establishment of a joint venture, named Connectfy Cloud, with solution-based space developer, SK D&D, led by CEO Dohyun Kim.

During the joint press conference held on April 25th, Yanolja Cloud and SK D&D highlighted the joint venture’s objective of building an innovative and sustainable proptech (property technology) ecosystem that fosters cooperation and mutual growth with small businesses and startups.

The joint venture’s name, ‘Connectfy Cloud’, represents the two companies’ commitment to delivering easy-to-use, reliable, and innovative customer-oriented solutions that integrate and connect residential and living services with various spaces in a cloud environment.

Connectfy Cloud aims to create a comprehensive environment that connects service providers and users through an integrated O2O (online-to-offline) solution for living services. By providing customers with a single point of contact for various living services required for residential and commercial spaces, including cleaning/laundry, repairs, and interior design, the solution will save time and reduce costs by skipping the middleman. Service providers, on the other hand, can expect to benefit from improved efficiency, a stable profit structure, as well as reach a broader customer base.

Additionally, Yanolja Cloud is collaborating with SK D&D and SK Discovery to establish a joint fund that will work to foster innovation and mutual growth in the proptech ecosystem. The fund’s primary objective will be to support startups in their efforts to innovate the proptech ecosystem while fostering cooperation with small and medium-sized service providers. Furthermore, Yanolja Cloud plans to jointly manage the fund with Korea’s largest real estate big data company, Korea Marketplace Systems (KMS), to develop innovative proptech solutions and expand its business of leading the digital transformation of spaces to a global scale.

SK D&D CEO Dohyun Kim emphasized the importance of user experience in shaping the value of future spaces, stating that the two companies are aligned in recognizing the need for innovation in the ecosystem. He added, “I am looking forward to the positive impact we will have on the market by harnessing the synergy of SK D&D’s accumulated customer experience innovation data in space development and operation, along with Yanolja Cloud’s world-leading expertise in solution development for digital transformation.

Jongyoon Kim, CEO of Yanolja Cloud, said, “The need for integration and connection between spaces and services is ever increasing in line with the introduction of innovative AI technologies such as ChatGPT and the trend of digital transformation in residential and commercial spaces.” He added, “This collaboration will enable us to build a sustainable proptech ecosystem from the ground up to engage small businesses as well as create win-win opportunities for startups.”

2023-05-16

News

Yanolja Cloud

– Brings Yanolja Cloud extensive travel inventory of over 1 million products from 200 countries

– Reinforces Yanolja Cloud’s commitment to leading global digital transformation and enhancing the travel experience

 

Yanolja Cloud, a leading global provider of AI-based SaaS solutions for the hospitality and leisure industries, has announced the acquisition of Go Global Travel (GGT), a B2B travel technology company, which distributes its inventory of more than 1 million hotels and other travel products from 200 countries to over 20,000 client partners. Through this acquisition, Yanolja Cloud has significantly expanded its travel and hospitality inventory which will further enhance its solution offerings and differentiation. 

Founded in Israel in 2000, GGT is a top-tier global travel solutions company that distributes travel products including hotel and resort rooms, airline tickets, and car rentals. GGT distributes these products primarily in North America and Europe through over 50,000 direct contracts, and over 10,000 sales channels.

The acquisition of GGT from AMI Opportunities Fund which is advised by Apax Partners, a leading global private equity advisory firm, will give Yanolja Cloud unparalleled distribution capabilities, making it a one-of-a-kind company allowing properties of all types, sizes, and budget ranges – and in every corner of the world – to digitize property operations. The acquisition is anticipated to result in the development of new, innovative technologies leveraging a broad range of data from across Yanolja Cloud member companies to allow for greater personalization and AI-based automation. 

The acquisition is expected to produce multiple benefits for new and existing Yanolja Cloud and GGT customers, including greater global reach for businesses, and more choice and personalization for travelers. GGT partner properties and other travel-related services will be made available through Yanolja’s B2C platform businesses Yanolja and Interpark (South Korea’s leading travel and leisure super apps). Additionally, Yanolja Cloud aims to distribute its strong Asian inventory through GGT platform channels and online and offline travel agencies worldwide, including North America, Europe, and the Middle East. Together, this newly combined inventory from across Yanolja Cloud and GGT, now world-leading in scale, can be packaged together and offered to new channels.

The acquisition also supports Yanolja Cloud’s mission to create technology to make it easier for hospitality and leisure properties to transform their business and delight their guests by accelerating the adoption of its integrated solutions to properties around the world. The company expects it will be able to begin expanding global sales by providing advanced hospitality solutions that can be efficiently integrated with existing customer solutions. Yanolja Cloud intends to leverage GGT’s 20 overseas branches as bases for global business expansion, strengthening the global solution sales and customer service networks of Yanolja Cloud member companies including eZee and Innsoft. 

This acquisition also adds to Yanolja Cloud’s reputation as a leading provider of global channeling solutions (Channel Management Systems). It currently provides channeling solution technology enabling travel agencies and platform businesses to sell various travel products without the need to directly secure rights for the inventory, resulting in greater distribution and decision making for hospitality providers. This year, Yanolja Cloud member company eZee Technosys (eZee) recently earned status as a Booking.com Premier Connectivity Partner and Expedia Elite Connectivity Partner. With its acquisition of GGT, Yanolja Cloud and its member companies will further enhance their channel distribution capabilities.

Kim Jong-yoon, co-CEO of Yanolja Cloud, expressed enthusiasm for the acquisition: “Yanolja Cloud is made up of member companies from around the world, all with a different history and expertise. We welcome Go Global Travel as our latest member company which will help us further fulfill our vision of leading the digital transformation of hospitality and leisure properties everywhere. I look forward to seeing the future innovation that will be born from this acquisition.”

Ophir Ben-Ezra, Chairman of Go Global Travel added, “I am so proud of what Go Global Travel and its employees around the world have achieved since its founding over 20 years ago. I look forward to continuing to provide the same high-level of products and service to our client partners while being able to offer new inventory as well as innovative solutions from across Yanolja Cloud, including Booking Engines, Property and Revenue Management Software and more.”

Since its founding in 2019 as a subsidiary of Yanolja, Yanolja Cloud has achieved tremendous growth, increasing its sales from KRW 1 billion to KRW 100 billion within just three years (as of 2022). The Company has gone from 39,000 global cloud-based solutions (SaaS) licenses in 2019 to over 80,000 today and has been rapidly expanding its global business through strategic acquisitions, as well as comprehensive partnerships with renowned travel operators like Agoda and Amadeus.

2023-05-15

News

gustoX
  • Gusto X’s K-Market Festival showcases popular K-Food and K-Content products from SMEs, draws 20,000 local and tourist visitors over five days 
  • Gusto X to support SMEs entry into overseas markets with global F&B industry expertise and local infrastructure based solutions

 

Gusto X, a member company of Yanolja Cloud, has successfully held the ‘K-Market Festival’ to support the overseas expansion of small and medium-sized businesses in Korea. 

The event, which was held in collaboration with the flea market brand 9Wol Market, took place at Market Blue at Tanglin Mall located in Orchard Road, Singapore from April 19th to 23rd. The festival attracted around 20,000 locals and tourists who were keen to experience Gusto X’s Korean food-based dining options and various K-content products introduced by 30 Korean small and medium-sized enterprises (SMEs). 

Following the success of the event, Gusto X plans to make it a regular festival to help Korean SMEs expand customer touchpoints as well as support their smooth entry into overseas markets. Additionally, Gusto X intends to utilize its expertise in the global food and beverage (F&B) industry by launching a consulting program to assist companies looking to enter overseas markets and further strengthen its cooperative network with Korean SMEs.

Gusto X has been leading the globalization of K-food through the introduction of Market Blue, an innovative Korean food-based select-dining hall that integrates foodtech solutions in Singapore. Leveraging its expertise in global business operations and experience with overseas on and offline infrastructure, including local logistics networks and shared kitchens, Gusto X is committed to becoming a platform that facilitates the expansion of Korean F&B businesses into overseas markets.

An official from Gusto X commented, “The numerous visits from our customers highlight the global popularity of K-content, and we look forward to creating more opportunities to share authentic Korean content with a broader audience. Gusto X will continue its support for Korean F&B businesses that are aiming to expand their business in overseas markets.”

2023-04-28