9flats Continues Expansion With Purchase of iStopOver

9flats Continues Expansion With Purchase of iStopOver PR Newswire BERLIN, August 6, 2012 BERLIN, August 6, 2012 /PRNewswire/ -- 9flats, Europe's leading short term lettings website, expands its global operations with acquisition of North American rentals portal, iStopOver Acquisition allows 9flats to double its customer offerings to over 100,000 beds worldwide 9flats, the leading European provider of private short-term rentals, has announced today that it has completed the purchase of international short- term rentals provider iStopOver. Capitalising on the success of previous launches across Europe and Asia, the deal will see 9flats open its first North American hub in Toronto, as well as expanding its customer offerings to more than 100,000 beds around the world. Founder and CEO of 9flats.com Stephan Uhrenbacher considers this acquisitionan important step as it supports the company's strategy in growing its offerings in markets outside of Europe. "North America, one of the world's largest travel markets, is the most important market for 9flats outside of Europe. The integration of iStopOver will strongly contribute to our growth in this region and will both open a completely new geographic target audience for us and double our offerings at the same time. This is the perfect basis from which to grow our business in North America." Co-Founder and CEO of iStopOver Anthony Lipschitz said "The entire iStopOver family could not be happier with the acquisition.