RateGain Buys DHISCO to Expand Its Hospitality Distribution
Photo Credit: Toni Portmann, shown here at the Dallas headquarters of travel technology company DHISCO, was hired as CEO three years ago to turn around a struggling company. Today the business was acquired by RateGain. DHISCO
Skift Take
DHISCO is not a barn burner of a hot internet company. But its acquirer RateGain has the hallmarks of becoming one in travel tech. DHISCO CEO Toni Portmann deserves praise for rescuing a company born from a troubled private equity carveout.
Hotel distribution tech company DHISCO is being acquired by RateGain, a travel technology company based in Noida, India.
Spokespeople for the two companies declined to comment but a memo from RateGain, obtained by Skift, confirmed the deal. The financial details of the acquisition were not immediately available.
Dallas-based DHISCO, which stands for the Distribution Hospitality Intelligent Systems Co., has been known to many hoteliers simply as “the switch,” an outsourced partner that helps hotels distribute their inventory and process transactions across various platforms worldwide.
According to the memo the company sent to commercial partners that Skift obtained on Thursday, RateGain claimed it has "one of the richest portfolios of long-tail distribution channels that covers more than 600 online travel agencies in the emerging markets of Asia and the Middle East. This is a great fit with DHISCO’s dominance in
