Today REVE, the innovation lab of international serviced accommodation provider, Synergy Global Housing (Synergy), announced a major investment in leading corporate housing technology firm, Coded Inc. (Coded), makers of custom technology solutions for global serviced accommodation, corporate housing and service apartment agents and operators. Industry veteran, long-time Synergy partner and REVE Managing Director, Jon Wohlfert, joined the investment round.
“After an exhaustive review process, we determined Coded and its proprietary software platform CodeOne offer the most robust and flexible technology solutions available in the marketplace and are best positioned to power the global serviced accommodations industry forward,” said Wohlfert.
CodeOne is a cloud based, proprietary all-in-one software platform designed exclusively for the serviced accommodations industry, featuring:
“I couldn’t be happier to partner with Synergy and Jon to bring our universal technology solutions to the masses and to better our industry,” said Coded founder and CEO, Eduardo “Ed” Herrera. “Unlike most of the serviced accommodation software solutions available today, CodeOne is an all-in-one open platform that provides agents and operators with a base-layer set of tools, secure access and endless API integration flexibility to ensure their brand and product identities remain intact.”
CodeOne aims to use technology to level the playing field amongst large and small service accommodation providers by delivering greater access, transparency and more options to fulfill booking requests whether for managed inventory or supplier-provided properties. CodeOne member organizations will receive guaranteed access to a connected database of live apartment inventory to better serve their clients’ housing needs in real-time.
Synergy co-founder, Jack Jensky said, “through extensive client interviews and research, we discovered our clients’ most significant pain point to be the time spent booking serviced accommodations. CodeOne makes it possible for each member company to select and connect their owned, managed or supplier partner inventory and streamline the booking and billing experience—drastically expediting the process clients and guests spend researching and reserving apartments.”
REVE’s investment in Coded comes amidst a tumultuous period for the serviced accommodation industry. The Covid-19 pandemic forced many serviced accommodation providers to trim operations, reduce operating expenses, minimize lease exposure and postpone capital investments such as technology. As the industry returns to pre-pandemic levels, serviced accommodation providers are seeking new ways to improve their bottom line. CodeOne has an affordable licensing model offering member organizations the benefits of an enterprise system with a minimal upfront investment.
“One of our main goals with REVE is to champion industry evolution,” said Wohlfert. “The CodeOne open ecosystem enables member companies to immediately upgrade their technology stack and gain greater access to other CodeOne member companies, ultimately streamlining the booking and billing transactions process to better serve their clients.”
CodeOne member companies will have a seamless intuitive technology to build a unique, branded product and service set. Developed to the latest data privacy, infrastructure and security requirements, CodeOne will enable member companies to compete for larger multi-national clients that have rigorous technical requirements. The current CodeOne product roadmap includes the following enhancements:
“We believe the technology that Ed (Herrera) and his team at Coded developed through CodeOne will serve as a foundational platform to connect the serviced accommodation industry in a manner similar to the way GDS changed air travel in the 1960’s,” said Synergy co-founder, Henry Luebbert. “It’s an exciting time for this space and we look forward to collaborating with industry partners to create an open-ecosystem of fully vetted serviced accommodations.”