Rate Wise secures investment boost from hospitality firm Prem Group

Heather Wiktorski, business manager, Rate Wise, and Jim Murphy, chief executive, PREM GroupKieran Harnett

Hotel and hospitality management company Prem Group has taken an equity stake in Rate Wise, the rate management software start-up founded by developer Niall O’Meara.

Since its launch in 2007, Rate Wise has secured deals with 76 clients in the hotel and serviced apartment sectors in nine countries, including Ireland, Britain, Belgium, the Netherlands, Hong Kong and Australia.

Prem Group chief executive Jim Murphy said the Rate Wise tool had reduced incidents of ...