Skift Travel News Blog

Short stories and posts about the daily news happenings around the travel industry.

Travel Technology

Juniper Group Acquires Hotel Tech Startup Vervotech

11 months ago

Vervotech, a startup that manages hotel room data, is the latest in a string of travel tech acquisitions by Juniper Group.

Juniper Group said Friday that it acquired the India-based startup. Terms were not disclosed. 

Vervotech’s platform analyzes hotel booking data to remove duplicate listings across suppliers, a problem that can lead to inaccuracies and missed bookings. 

Juniper Group is an operating portfolio of Vela Software, one of the six divisions of Constellation Software. Juniper Group also owns software companies Juniper Travel, TPF Software, T4W, Airport Information Systems, and IST Cruise Technology. It also acquired Peakwork in April

Juniper Group said it is focused on acquiring and building businesses in the industries of travel, aviation, banking, insurance, healthcare, public sector, and oil and gas. Juniper Group made six acquisitions in 2022 alone, according to its website. 

Vervotech will continue to operate independently.

Juniper Group said the Vervotech product compliments its booking engine, while the acquired company now has access to more resources for further research and development. 

Sanjay Ghare, co-founder and CEO of Vervotech, said in a statement that the company plans to expand in Europe, North America, and the Middle East.

Travel Technology

OAG Acquires Infare to Strengthen Air Travel Data Business

12 months ago

Infare, a Denmark-based provider of airfare data and analysis software, has been acquired. 

OAG, a UK-based provider of flight status and schedule information, said Friday that it has acquired Infare from private equity firm Ventiga Capital. The firm had owned Infare since 2017. 

The price and terms of the latest deal were not disclosed. 

OAG and Infare had been in a partnership that was announced in April 2022. 

OAG said the deal values the combined company at over $500 million. The combined company has 300 employees in 10 offices. 

OAG said that both management teams will continue with the company and retain a shareholding, with fresh backing from Vitruvian Partners. Vitruvian Partners bought OAG from Axio Group for $215 million in 2017. 

“The increasing dynamism in global travel and technology is fueling a need for more sophisticated, granular data to understand, manage, and unlock growth in air travel,” said Phil Callow, CEO of OAG, in a statement. “The acquisition of Infare strengthens our ability to deliver consistent and accurate information across the wider supply and demand value chain.”