Travelport, a global technology business that drives travel bookings for hundreds of thousands of travel suppliers worldwide, said today that it has acquired Deem, a prominent corporate travel management platform. After introducing its next-generation marketplace, Travelport+, Travelport has continued to engage in innovation, the most recent example being the acquisition of Deem.
“The game-changing acquisition of Deem by Travelport will fulfill a growing, post-pandemic need for a tight, fully-integrated corporate tool that will provide access to all multi-source content, including NDC,” said Greg Webb, CEO of Travelport. “We’ve been laser-focused on investing in technology innovation, and Travelport+ has simplified the agency workflow, upgraded how travel content is curated, and enabled modern travel retailing. Now with the acquisition of Deem, Travelport will provide corporate travel with award-winning, complementary tools that are as revolutionary, modern, and easy-to-use as Travelport+.”
Once owned by Enterprise Holdings, a renowned provider of mobility solutions, Deem has been widely acknowledged as the most advanced corporate travel technology for years. Deem has pioneered its suite of online booking and travel technology products for business travelers, travel managers, travel-management organizations, and suppliers, making corporate travel more effective for everyone. Deem’s share of the corporate travel market has continued to expand, and Travelport’s investment aims to accelerate this expansion on a global scale.
“Deem is pleased to be joining the Travelport family,” said David Grace, President of Deem. “We are proud of the growth and success Deem has achieved in recent years. The acquisition by Travelport will enable a strong future of global growth for Deem and help accelerate the delivery of travel management solutions in a rapidly evolving industry. We want to express our sincere appreciation to our customers, as well as recognize the hard work and dedication of our Deem team members.”
Travelport earned its position as an industry leader in NDC by introducing the first end-to-end solution for American Airlines’ NDC content. Travelport intends to strengthen its leadership position by implementing a rapid technical integration to grant Deem access to NDC offerings, products, and services. Access to this content is growing essential for travel agencies, corporations, and travelers, especially in North America, where airlines are beginning to transfer some content solely to NDC. This acquisition will significantly accelerate Deem’s time to market by enabling the seamless integration of multi-source information.
“We are committed to ensuring a smooth transition for Deem employees, partners, and customers, and look forward to welcoming them to Travelport,” Webb continued. “Having a one-stop source for all content on a single corporate tool has been the main goal of our customers for a long time. Together with the Deem team, Travelport will deliver that.”
[Source: Travelport Press Release]