Skift Travel News Blog

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

Travel Technology

Travelport Owners Inject $200 Million to Sustain Its Travel Tech Growth

11 months ago

Travel technology company Travelport revealed on Friday it had received a $200 million investment from its owners, Siris Capital Group and Elliott Management. Based in Langley, UK, the privately held company didn’t disclose its financial performance other than to say it had achieved “a strong first-quarter performance.”

The investment may have partly helped Travelport to acquire Deem, the corporate travel player, as Skift reported earlier this month. Those companies didn’t disclose the price or terms of that transaction.

“The main advantage of private equity ownership is agility, which is crucial in a rapidly changing environment,” said CEO Greg Webb in a statement.

Skift recently published an interview with Webb about the company’s strategy. Travelport’s software supports travel bookings for more than 100,000 travel agents.