69th IT Press Tour: Veridion reads 1.4 billion web pages a month because the company register can't tell you what a business actually does - see the full article and video here:
itwire.com/business-it-news/…
The IT Press Tour (69th edition) ran through Ljubljana on 1 and 2 September, and the Veridion session contained a screenshot of the Slovenian Business Register. So, why was that important?
The entry was for MIKLOSIC 3 HOTEL d.o.o. A name, a street address, activity code 55.100 for hotels and similar accommodation, a registration date of 15 June 2022, status "registered", size "Small". One director, one procurator, one partner.
That was the hotel the presentation was being made in.
Here's what the register didn't mention. The company holds the building on a 20-year lease rather than owning it. The brand is Eurostars uHotel. The operator runs around 300 hotels across 23 countries under 7 brands.
The parent is Grupo Hotusa of Barcelona, founded 1977, roughly 1.65 billion euros in revenue and 6,000-plus staff. There are 3 Eurostars properties in Ljubljana totalling 566 rooms. This one has 224 rooms, a rooftop indoor pool with castle views, Ljubljana's largest conference centre at about 2,500 square metres, and 4.4 stars from roughly 1,700 Google reviews, with the pool and sauna shut for renovation.
Veridion Growth Lead for Data and Credit Verticals, Alexandra Tofan, used that gap to frame 90 minutes of argument: every one of those facts is public, every one of them matters if you're underwriting, lending to or buying from that business, and not one of them lives in the filing.
More here:
itwire.com/business-it-news/…