Articles tagged “RateGain”

RateGain, a travel tech company backed by private equity, said it has begun a roll-up of hotel tech vendors. It joins a party led by Shiji, Amadeus, Accel-KKR-backed Travel Tripper, Sabre, and Jonas Software.

Hotels are hiring companies to clamp down on online travel sites displaying cheap rates against their wishes. One of those startups, Fornova, has just bought smaller rival HotelsBI to broaden its rate-detection service. The deal is partly justified by the increasing tech spending on a cat-and-mouse-game between hoteliers and providers of rogue rates.

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.