Nor1, the provider of upsell technologies to the hotel industry, has closed a Series B round of $9 million led by Seattle-based Concur.
Nor1′s technology focuses on increasing revenue for hotels through increasing their Average Daily Rate via higher prices and upsells, rather than an increase in occupancy.
The company plans to use the additional funding for “continued growth through product innovation and market expansion.”
Read full story at: http://www.tnooz.com/2012/12/18/news/concur-leads-9-million-investment-round-in-nor1s-upsell-technology/