AT&T is buying Superclick, an internet provider for the hospitality industry, in a cash transaction valued at approximately $15 million.
Superclick provides network design, deployment and infrastructure management for the hospitality, healthcare and MDU markets. The company serves a number of major hospitality brands such as Fairmont & Raffles Hotels, Four Seasons Hotels, Intercontinental Hotels Group, Jumeirah, Kimpton Hotels, Mandarin Oriental Hotels, Marriott Hotels International, Shangri-La Hotels and Starwood in Canada, North America, the Middle East and Asia.
The company’s revenue isn’t huge, but it is increasing. The past quarter’s revenue increased 53.6% to $1,704,316 from $1,109,853 for the quarter and 58.0% to $4,444,523 from $2,812,337 year to date, thanks in part to new business. And Superclick is profitable.
Of course, this acquisition is peanuts compared to AT&T’s pending $39 billion purchase of T-Mobile.
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