RedAwning Acquires Perfect Places, Inc.

Acquisition expands the marketing opportunities for property managers and owners, while growing the vacation rental properties available to consumers through both sites. Travel Agents will also see broadened capabilities for vacation rental booking.

BERKELEY, Calif., May 18, 2015 /PRNewswire-iReach/ -- RedAwning.com, Inc., the hotel-style booking website for vacation rentals with over 31,000 properties worldwide, today is thrilled to announce that it has acquired Perfect Places, Inc., a vacation rental listing website with over 70,000 vacation rental properties and 20 years' experience in rental marketing.

The purchase gives a significant boost to RedAwning's property and customer base and is expected to lead to a substantial increase in overall reservations and business for the combined companies. In addition, RedAwning will be combining its travel agent offerings with Perfect Places' Travel Pro Rentals business, making vacation rental booking a snap for the thousands of travel agents currently signed up with the combined companies.

Founded in 2010, RedAwning is a leader in instant, hotel-style reservations utilizing standardized contracts, 24-hour customer service, guaranteed 0 fraud, and no security deposits. Perfect Places, founded in 1996 and headquartered in Mountain View, California, features vacation rental listings in 6,500 cities and over 100 countries.  The Founder and CEO of Perfect Places, Rick Haggart, has joined RedAwning as Chief Business Development Officer.

Tim Choate, Founder & CEO of RedAwning.com said, "I have known Rick for several years, and watched Perfect Places even longer. I am very impressed with the capabilities and products Rick has built through Perfect Places, and am excited to aggressively grow our combined businesses for property managers, owners, renters, and travel agents alike."  

Haggart affirms he is thrilled to be joining forces with RedAwning. "Vacation Rentals are one of the fastest growing segments in the travel industry and combining the capabilities of our two companies will allow us to continue to innovate and help fuel and drive this growth."

Both businesses will continue to operate under their own brands from RedAwning.com's Berkeley, California headquarters with joint efforts expanding over time.

ABOUT REDAWNING

RedAwning.com, Inc. is the leader in hotel-style reservations for the vacation rental industry.  The company's website offers a rapidly growing base of 31,000 properties in 1,000s of destinations, all with a simple, consistent booking, payments and contracts experience.  All properties are accurately presented, most have no security deposits, and RedAwning.com staff is available 24x7 to assist with bookings.

ABOUT TIM CHOATE

RedAwning.com Inc. is Tim Choate's third successful Internet venture. He was the Founding CEO of Aptimus, Inc. (Nasdaq: APTM), a powerful lead generation advertising network until its sale in 2007 to the Apollo Group.  He also founded FreeShop.com which was transformed into Aptimus, Inc.   Before that, he founded Online Interactive, Inc., a leader in electronic software distribution that was sold to MicroWarehouse, Inc. in 1997.

ABOUT PERFECT PLACES

Founded in 1996, PerfectPlaces.com was one of the first vacation rental websites.  It features over 70,000 vacation rental properties in 103 countries and 6,600 cities. Perfect Places also operates a number of other vacation rental websites including LakeRentals.com, CoastRentals.com, MountainSkiRentals.com, and forGetaway.com.

ABOUT RICK HAGGART

Rick is a pioneer in online booking for vacation rentals. Prior to founding Perfect Places, he was a Partner at Accenture, a Communications and High Tech practice where he worked from 1989 to 2004. Rick led the global Internet Center of Excellence in Palo Alto and provided management and IT consulting services for many High Tech companies including BEA Systems, HP, Intel and Sony.

REDAWNING.COM INC., 2927 NEWBURY ST. SUITE A, BERKELEY, CA 94703

1 (888) 733-2964 | www.redawning.com

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Media Contact: Michelle Dissel, RedAwning.com, Inc., 510.298.1194, michelle@redawning.com

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SOURCE RedAwning.com, Inc.



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