VinHMS Ramps Up Global Expansion with Strategic Acquisition

HO CHI MINH CITY, Vietnam, July 1, 2024 /PRNewswire/ -- VinHMS - an innovator in hospitality technology, has been actively pursuing its strategic plans for international expansion. Established in December 2018 as a member of Vingroup, VinHMS specializes in providing high-quality technology products, and aims to optimize business operations for enterprises. After 5 years of establishment, VinHMS is actively expanding its presence in the domestic market, and plans to extend its footprint out of the borders. This expansion strategy underscores VinHMS's commitment to becoming a leading provider of hospitality technology solutions in Southeast Asia and the international market, with operations in Vietnam, Singapore, Cambodia, and Thailand. By leveraging native cloud-based platforms, VinHMS aims to reduce overall costs, streamline processes, enhance operational efficiency, accelerate innovations, improve guest experiences, and increase financial performance for hotel operators using AI, machine learning, and proprietary advanced algorithms.

The expansion of VinHMS extends beyond Asia following its successful acquisition by Vemanti Group, Inc., a leading technology holding company. This strategic move positions VinHMS as a frontrunner in digital solutions for the hospitality sector. Leveraging its expertise in digital transformation solutions, VinHMS aims to revolutionize the American hospitality industry. With a strong track record in Southeast Asia, VinHMS brings its innovative solutions to U.S. hotel operators. This strategic move underscores VinHMS's commitment to global innovation and customer-centric solutions. VinHMS's acquisition represents a pivotal moment in the Company's collective history, setting the stage for a future defined by innovation, market leadership and ambitious path to NASDAQ.

A recent highlight for VinHMS was its participation in HoSkar Night Bangkok hosted by WeHub, this is the most vibrant networking event for hospitality and real estate in Southeast Asia. This event provided a platform for VinHMS to showcase its latest innovations and network with industry leaders in Thailand. VinHMS's involvement in HoSkar Night reinforces its status as a key player in the hospitality technology sector and highlights its ongoing efforts to stay at the forefront of industry trends.

VinHMS offers a range of products designed to meet the diverse needs of the hospitality industry. As a member of HTNG and compliance with international standards, such as ISO 27001:2013 and PCI/DSS, proves the reliability of its solutions in satisfying the most stringent requirements when integrating with leading hotel chains worldwide. This commitment remains VinHMS's orientation as it builds prestige with international partners. Its flagship solution, the comprehensive hospitality management platform, has been successfully implemented in major hotel brands such as Vinpearl, Melia Hotel International, Marriott, Sheraton, CityHouse and more. Specifically, VinHMS provides offers a suite of innovative solutions in the hospitality technology sector, including:

The vision of VinHMS is to lead the digital transformation in the hospitality industry, providing innovative solutions that drive operational excellence and customer satisfaction. Mr. Hoang Nguyen, CEO of VinHMS, said: "We want to provide an open platform that acts as a foundation for hotels to do innovations. All standard hotel operation tools are there, but the most important thing about our platform is that we can easily connect and integrate with many technology providers to improve cost, increase revenue, and enhance hotel customer experiences."

About VinHMS:

VinHMS is a technology company specializing in cutting-edge products and solutions aimed at optimizing business operations for customers in the hospitality industry. VinHMS's comprehensive solution set comprises of CiHMS, CiAMS, CiTMS, and CiTravel. The flagship product is the complete hospitality management platform CiHMS, which is capable of handling all operational needs of 4-star to 5-star hotels and hotel chains. VinHMS pursues the mission of transforming hospitality operations through technology innovations.

VinHMS has processed transactions valued close to $500 million through its solutions, demonstrating significant growth and market acceptance. With rapid expansion, VinHMS is continuing to focus on operational excellence, achieving satisfaction, and developing sustainable growth for more hospitality entities in the future.

Learn more at: https://vinhms.com.

About WeHub:

WeHub, owned by Vision Asia Pacific, is one of the most vibrant hospitality and real estate communities in Vietnam and Southeast Asia. WeHub was founded with the vision to connect businesses, people and ideas. The platform offers the latest trends and insights while facilitating business connections within the real estate and hospitality industries through various activities, including Meet The Experts conferences (MTE), HoSkar Night networking events, SIF masterclasses, and WeTalk private meetings for lead generation.

Follow WeHub's official channels at:

- LinkedIn: https://shorturl.at/Rw9GA 

- Facebook: https://shorturl.at/YKnlY 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

VinHMS Ramps Up Global Expansion with Strategic Acquisition

The company will address critical agility and specialisation shortages facing enterprises and consulting firms

SYDNEY, July 3, 2024 /PRNewswire/ -- Outsized, a global leader in the high-end independent talent market, has announced its strategic expansion into the Australian and New Zealand (ANZ) region. With a network of over 30,000 independent consultants and skilled contractors, Outsized is as the only on-demand talent platform specialising in high-end roles.

In 2023 alone, Outsized grew it's platform by over 50% in terms of talent members. Off the back of very strong year-on-year revenue growth since its inception in 2016, Outsized closed its Series A fundraising round in Q4 2023, and is on an expansion journey across the Asia-Pacific region.

The local Outsized team will be led by Sara Kahlau, a seasoned expert in talent models and innovation. Sara, previously at Booz & Co and icare NSW, and most recently a leader in the global on-demand talent market, brings a wealth of experience to her role as Managing Director, ANZ.

Outsized differentiates itself by taking a unique "human-first" approach, in contrast to the highly transactional model prevalent in the talent industry which traditionally serves to benefit clients only, albeit without long-lasting partnerships. This includes role scoping support, contracting, and relationship management, ensuring mutual benefits for clients and talent. This approach has been pivotal to Outsized's success, as evidenced by client reviews^[1], across the wider APAC region, Africa, and the Middle East, and is set to redefine talent engagement in Australia and New Zealand.

"With Outsized, our customers in ANZ can expect a tailored approach that aligns talent solutions with strategic business objectives," Sara affirmed. "Our model ensures clients have access to all the skills they need whenever they need them, without the fixed costs, through our unique talent pool and virtual bench products, giving clients on-tap access to pre-vetted, highly skilled talent curated to their individual needs.

"In ANZ, demand for flexible, independent talent solutions is growing rapidly," noted Sara Kahlau. "Outsized fills a critical gap in the market by offering an intuitive platform that not only meets business needs for agility and expertise but empowers talent to shape their careers on their terms."

The ANZ expansion coincides with a trend where businesses increasingly turn to independent talent for agility, innovation and efficiency. In 2023, Outsized experienced an increase of 154% in the number of independents on contracts, up from an increase of 45% the year prior. Some of the key growth areas Outsized expects to see in the ANZ market includes Data, AI, Digital Transformation, Technology, Cybersecurity, and Sustainability/ESG.

Recent studies indicate that 88% of Australian businesses need talent with the right skills, especially in areas like Project Management, Business Analytics, and Digital Transformation^[2].

Outsized's expansion strategy is bolstered by its existing relationships with major consulting firms and its specialisation in sectors including financial services, insurance, healthcare, and government.

"As we expand our footprint in ANZ, Outsized remains committed to delivering unparalleled value to our clients and talent partners," concluded Anurag Bhalla, co-founder of Outsized. "We are excited to embark on this journey, redefining the future of work through innovative talent solutions."

About Outsized

Outsized is a talent-on-demand platform for highly-skilled independent professionals. It enables large enterprises and consulting firms in Asia-Pacific, Africa, and the Middle East to implement flexible workforce models by providing access to vetted talent from a host of professional disciplines. With a focus on experienced professionals, and full-time contracts, Outsized empowers and supports both the people and the businesses that use its platform. Outsized has local teams based in Australia, Singapore, Malaysia, South Africa, India, Dubai, Saudi Arabia, and Bahrain, and is committed to creating a sustainable, win-win ecosystem for clients and talent.

[1] https://www.trustpilot.com/review/outsized.com
[2] Labour Market Update - December 2023 | Jobs and Skills Australia

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Outsized expands into ANZ offering innovative solutions to flexible talent needs