Pegasus Solutions

Pegasus Solutions provides reservation connectivity and distribution services that let independent hotels sell rooms on global distribution systems and online travel agencies without building their own technology. Its core products include a distribution switch, an internet booking engine, and voice reservation services. The company functions as a shared utility, allowing small hotel operators to pool demand and access the same distribution shelf space as large chains.

In 2018, Pegasus sold the distribution-switch business — rebranded as DHISCO — to RateGain Technologies for a reported $45 million (per Skift, 2018). What remained under the Pegasus name was the reservation representation and voice-services business. This separated the pure connectivity infrastructure from the higher-touch hotel-services operation, turning one private-equity-backed entity into two distinct companies.

Ownership has not been publicly confirmed since the DHISCO carve-out. Historically, the firm was backed by Prides Capital and then H.I.G. Capital before the split. The current operating entity is led by Executive Chairman Sean Lenahan, but no public filings or press releases have disclosed the post-2018 ownership structure or capitalization.

No. Pegasus Solutions is an operating company in the travel-technology sector. It generates revenue from hotel representation and reservation-technology contracts, not from managing external capital or making portfolio-company investments. Its relationship to private equity has been as a portfolio company itself, not as a manager of third-party funds.

Pegasus Solutions is a private company. It went private in 2012 after delisting from NASDAQ. Since then, ownership has passed through private equity hands and the company underwent a structural split in 2018; no subsequent public listing has been reported.