Parity Rate is a trademark of Techotel, a Joint Venture between HotelsOnTheWeb and Tecnes Milano.

Hotels on the Web is a company created in 2006 by two brothers, whose family was operating in Milano since 1973 in hotel field. Today they manage 7 hotels in Lombardy (5 in Milano and 2 in Lago d'Iseo). In 1996 they met the Web: the opportunity was clear and they immediately started selling their hotel rooms through the Internet. The successful experience was the base for starting to design products and services to offer to their hotelier colleagues.
Founded in 1985, Tecnes Milano is a software development and IT consulting company based in Milan. Tecnes Milano has supplied many multinational companies with consulting services in the following fields: services, healthcare, energy, banks and transportation. Tecnes' skills are centred around software development and system integration, website design and development as well as system support services on network infrastructures. Java is its focal technology.

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