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2016-02-16

LodgIQ: LodgIQ Unveils Its Next-Generation Revenue Optimization Platform for Travel; Secures $5 Million in Seed Funding Led by Highgate Ventures

NYC-Based Startup Launches Industry-First Predictive Analytics and True
Machine Learning Platform

NEW YORK, Feb. 16, 2016 (GLOBE NEWSWIRE) -- LodgIQ(TM), which is firmly
committed to bringing the discipline of revenue optimization into the 21st
century, today announced the official launch of the company and its platform.
LodgIQ RM(TM) is a next-generation revenue optimization platform for the
hospitality industry developed by seasoned travel executives and Silicon
Valley technologists. The NYC startup has secured $5 million in seed funding
led by Highgate Ventures, a venture capital platform focused on early stage
technology investments in the hospitality industry, and Trilantic Capital
Partners, a global private equity firm. LodgIQ(TM) has already made a
significant investment in advanced machine learning platforms and data
science.

Built around a multi-source big data eco-system, LodgIQ RM(TM) combines
sophisticated machine learning with an intuitive and powerful user interface
to deliver advanced recommendations and actionable analytics. The platform is
designed to think, learn and morph with each user's unique clickstream
enabling the user to make optimal revenue decisions.

"The revenue optimization user community in travel has become increasingly
sophisticated over the past decade, and yet we have not seen the non-linear
advances in technology that other industries have experienced," said Ravneet
Bhandari, CEO of LodgIQ(TM). Bhandari, who brings over 20 years of domain
expertise in leadership and advisory roles with top industry flags including
Hyatt, Caesars Entertainment and Starwood Capital commented further: "Big
data isn't a buzzword - it's a given. LodgIQ RM(TM) makes it instantly
actionable through cognitive machine learning in an easy, intelligent and
highly effective platform."

The company has already secured its launch customer and will deploy its new
platform at five prominent New York City hotel properties in February 2016.

"We remain very bullish on disruptive travel technology plays and believe that
LodgIQ has the potential to quickly dominate the revenue optimization
landscape," added Vann Avedisian, Principal at Highgate Ventures. "The
technology and design are unlike anything in the market."

LodgIQ(TM) will allow limited access starting today. The platform will be
available at ITB Berlin on March 9-13, 2016. To arrange a private
demonstration, submit a request toshowme@lodgiq.com. For more information
visit www.LodgIQ.com
Media contact: North 6th Agency (for LodgIQ)

212-334-9753, lodgiq@n6a.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: LodgIQ via Globenewswire

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