Theova UHS

What Theova UHS does

Theova UHS Enterprise Solutions Ltd is a Cyprus-based enterprise software vendor founded in 1983 (originally as Theova Computer Consultants Ltd, rebranded to its current name in 2018). The company develops and licenses two integrated software suites: the HotelWare suite for the hospitality industry (Property Management System, Point of Sale, and an Interfaces module that connects to PBX, electronic key locks, GDS, credit card processing, and other third-party systems via XML/TCP/IP) and the OfficeWare suite for general business operations (Financials with multi-currency and VAT compliance, Work HR/Payroll, Time and Attendance, and Inventory). It also resells partner products — Reservation Assistant Spa & Sports, Call Accounting Software (TCA), ReadSoft document automation, and PassportScan OCR-based ID scanning — under distribution agreements.

The company serves more than 400 hotels worldwide, ranging from small independent properties to multi-property groups, with a notable customer roster in Cyprus including Tsokkos Hotels Group, Louis Hotels, Crown Resorts, Capo Bay, Aqua Sol Hotels, Marismare Hotels, Crystal Springs Beach Hotel, Kapetanios Group, and H&C Hotels. Go-to-market is sales-led: direct sales from headquarters in Limassol and a secondary office in Larnaca in Cyprus, supplemented by channel partners in Egypt (EgData, Cairo) and Malta/Libya (Advanced Telecommunications Systems), with downloadable brochures and sales inquiry forms on the company website.

Revenue is generated through recurring software licenses for the HotelWare and OfficeWare suites, plus professional services for planning and implementation, and resale margins on partner products. Pricing is not publicly disclosed. Theova UHS operates as a privately held, founder- or owner-led company with 11-50 employees, no disclosed external funding, and continuous product updates released in 2024 across the PMS, POS, Payroll, and Inventory modules.

Name

Theova UHS

Legal name

Theova UHS Enterprise Solutions Ltd

Website

https://theovauhs.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Theova UHS Enterprise Solutions Ltd is a Cyprus-based enterprise software vendor founded in 1983, selling integrated HotelWare (PMS, POS, Interfaces) and OfficeWare (Financials, HR/Payroll, Time & Attendance, Inventory) suites to 400+ hotels and businesses across the Mediterranean and North Africa via direct sales and channel partners.

Ownership category

akta.pro rank

Product category

Hospitality and Business Enterprise Software

NAICS

Computer Systems Design Services (541512)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Property Management Systems (PMS) (THALACAA)

akta.pro secondary industries

Point-of-Sale (POS) & On-Property Commerce (THALACAI), Payments, Billing & Invoicing (THALACAJ), Guest Experience & Engagement (CRM, Messaging, Loyalty) (THALACAF)

Keywords

• Hospitality property management
• Hotel point of sale
• Enterprise accounting software
• Payroll HR systems
• Time attendance software

Headquarters

HQ city

Limassol

HQ country

Cyprus

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Licenses - HotelWare Suite: The HotelWare suite includes PMS, POS, and Interfaces modules for the hospitality industry. Revenue generated through software licensing with configurable rates management, multi-property support, and integrated solutions.
2. Software Licenses - OfficeWare Suite: The OfficeWare suite includes Financials, Work/HCM, TAS, and Inventory modules for business operations. Revenue from software licensing with integrated enterprise features and VAT compliance capabilities.
3. Services & Consulting: Industry experts provide planning and implementation services for software deployment and customization.
4. Partner Products - Third-Party Software Resale: Resale/distribution of partner products including Reservation Assistant Spa & Sports Software, Call Accounting Software (TCA), ReadSoft Documents, and PassportScan.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Theova UHS develops, licenses, and supports two integrated enterprise software suites. HotelWare (PMS, POS, Interfaces) addresses the hospitality industry with reservation, cashiering, billing, housekeeping, point of sale, and real-time third-party system integration. OfficeWare (Financials, Work/HCM, TAS, Inventory) addresses the general business sector with multi-company, multi-currency accounting, HR/payroll, time and attendance, and inventory control. The company also resells partner products and provides implementation and consulting services.

Product overview

Theova UHS is a Cyprus-based software company established in 1983, offering two main product lines. HotelWare suite addresses the Hospitality industry with Hotelware PMS (Property Management System), Hotelware POS (Point of Sale), and Hotelware Interfaces. OfficeWare suite serves the business sector with Officeware Financials (GL, AR, AP, Invoicing), Officeware Work (HR/Payroll), Officeware TAS (Time and Attendance), and Officeware Inventory. Additionally, the company offers Partner Products including Reservation Assistant Spa & Sports Software, Call Accounting Software (TCA), Readsoft Software, and PassportScan. The products serve over 400 hotels worldwide and are designed for organizations seeking integrated business and hospitality software solutions.

Differentiator

Problem solved

Functional benefit

Brands

• HotelWare: Hotel management software suite for the hospitality industry including PMS, POS, and interfaces.
• OfficeWare

Products and services

• Hotelware PMS Hotel Property Management System configurable for single or multi-property hotel chains, providing reservation management, cashiering functions, comprehensive billing instructions, housekeeping coordination, and revenue management reporting for hotels of any size.
• Hotelware POS Touch Screen Point of Sale solution for hospitality restaurants, bars, and retail outlets, featuring wireless order entry via handheld devices, remote kitchen/bar printing, table management, cashier/waiter audit controls, and seamless two-way integration with Hotelware PMS.
• Hotelware Interfaces Configurable software services enabling real-time communication between Hotelware PMS and third-party services and electronic devices, including PBX, POS, in-room services (Pay-TV, Internet), credit card processing, electronic key locks, global reservation/GDS systems, and energy management.
• Officeware Financials Integrated accounting software providing General Ledger, Accounts Receivable, Accounts Payable, and Services Invoicing with multi-company and multi-currency support, VAT compliance, bank reconciliation, and comprehensive financial reporting for business organizations.
• Officeware Work Integrated Human Resources and Payroll management software providing a single source of employee data, complete employment history tracking, electronic filing of documents, attendance management, configurable pay-periods, rule-based payroll items and taxation, and employee loan management.
• Officeware TAS Time and Attendance System that automates management, collection, and distribution of employee attendance in real-time, with flexible configuration to accommodate varying business rules and optional integration with Officeware Work.
• Officeware Inventory Inventory control software managing all aspects of goods movement within an organization, maintaining precise inventory status in a cost-effective manner and minimizing understocking and overstocking issues.
• Reservation Assistant Spa & Sports Software Partner-product spa and sports reservation management software that allocates therapists and booking times, administers packages, manages gift certificates, supports cashless economy, and communicates in real time with Hotelware PMS, Officeware Inventory, and Officeware Financials via XML and TCP/IP interfaces.
• Call Accounting Software (TCA) Partner-product call accounting and billing system that monitors and reports telephony activity, supporting deployment in hospitality, retail, and services enterprises, with allocation of telephone costs to departments, cost centers, or individuals and extensive reporting.
• Readsoft Software Partner-product document automation software that automates document processing, freeing users from manual handling of business documents, providing faster internal processes, better control, and decreased costs.
• PassportScan Partner-product Optical Character Recognition technology that reads data contained in ID documents within seconds, designed to increase operational performance at hotel front desks with immediate exporting capability to Property Management Systems.
• Services & Consulting Professional services delivered by industry experts providing planning, implementation, customization, and consulting for deployment of Theova UHS software products across hospitality and business customers.

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature8 records

Partnerships

Two partnerships are on record, tiered minor.

• EgDataminorChannel Partner/ Reseller/ DistributorReseller partner based in Cairo, Egypt (El Zahraa Halawani St., Sherry) distributing Theova UHS HotelWare and OfficeWare products in the Egyptian market.
• Advanced Telecommunications Systems co. LtdminorChannel Partner/ Reseller/ DistributorReseller partner based in B'Kara, Malta (Tumas Fenech Street) distributing Theova UHS products in Malta and Libya markets. Contact: [email protected], www.telesystems.com.mt, Tel: +356 21484445-6.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• eZee Absolute: Cloud-based hotel PMS, POS, and booking engine targeting small to mid-size hotels and chains globally. Direct overlap with Theova's HotelWare suite in functionality and customer profile, with strong presence in South Asia, MENA, and emerging markets.
• Mews Systems: Cloud-native hospitality operations platform serving hotels and hostels with PMS, POS, payments, and guest experience. Direct overlap with Theova's HotelWare PMS and POS offering, but with a modern cloud architecture and significantly more venture capital funding.
• Maestro PMS: Windows-based on-premise and cloud PMS for independent hotels, resorts, and conference centers. Closely comparable to Theova in deployment model (legacy on-premise), target customer (independent properties and groups), and module breadth.
• Hotelogix: Hotel property management system serving small and mid-sized hotels globally with cloud and on-premise editions. Closely comparable in target customer profile, suite breadth (PMS, POS, booking engine), and channel-based distribution model.
• RoomKey PMS: Cloud-based property management system targeted at small and mid-size independent hotels in North America. Comparable in target segment and core PMS/booking engine scope, though serving a different geography.
• Cloudbeds: Cloud-based hospitality management suite including PMS, booking engine, and channel manager, primarily targeting independent hotels and small chains. Directly comparable to Theova's customer segment (small to mid-size independent hotels) with similar product scope.
• protel hotelsoftware: PMS and hospitality platform serving independent hotels and chains globally with on-premise and cloud editions. Comparable to Theova in suite breadth (PMS, POS, integrations) and customer segment, with a stronger European presence.

Broad incumbents

• Oracle OPERA Cloud (formerly Micros-Fidelio): Market-leading enterprise PMS and hospitality suite (formerly Micros-Fidelio) used by large chains and groups. Overlaps with Theova's PMS offering but operates at much larger scale and targets enterprise chains rather than independent hotels.
• Shiji Group (StayNTouch, Infrasys): Global hospitality technology platform offering PMS (StayNTouch), POS (Infrasys), and back-office solutions. Overlaps with Theova's hotel technology stack at the PMS and POS layer but operates globally with broader portfolio and significantly more capital.

Regional players

• WinHMS by Winsar Infosoft: Hospitality management software (PMS, POS, back-office) primarily serving hotel groups in the Middle East and India. Comparable in suite scope and customer segment, and similar regional positioning, but does not directly compete in Cyprus.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Theova UHS