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HomeAway Rolls Out Reservation System

Austin-based HomeAway said yesterday that the firm is rolling out a new reservation management system, which it says will allow second home owners to manage their bookings. According to HomeAway, the new product--HomeAway Reservaton Management System--allows travelers to book vacation rentals much as they might book a hotel room. The firm said the new system allows vacation home owners to manage their calendar, payment schedules, invoices, collect rental fees, and more. HomeAway is backed by Austin Ventures, Institutional Venture Partners, Redpoint Ventures, Technology Crossover Ventures and Trident Capital.