Travelport, a global technology company at the forefront of travel booking solutions for numerous travel suppliers worldwide, proudly announces its acquisition of Deem, a leading corporate travel management platform. This strategic move underscores Travelport’s unwavering dedication to innovation, following the successful launch of its next-generation marketplace, Travelport+. The acquisition of Deem represents the latest milestone in Travelport’s relentless pursuit of excellence.
Greg Webb, CEO of Travelport, commented, “The transformative acquisition of Deem by Travelport addresses the evolving post-pandemic demand for a comprehensive, fully-integrated corporate tool that grants access to all multi-source content, including NDC. We have been steadfastly committed to investing in technological innovation, with Travelport+ streamlining agency workflows, enhancing content curation, and facilitating modern travel retailing. With the inclusion of Deem, Travelport is poised to revolutionize corporate travel with award-winning complementary tools that are as innovative, user-friendly, and modern as Travelport+.”
Deem, previously owned by Enterprise Holdings, a prominent provider of mobility solutions, has long been celebrated as the premier technological solution for the corporate travel sector. Recognized as one of Fast Company’s Most Innovative Companies of 2022, Deem has spearheaded a suite of online booking and travel technology products tailored to business travelers, travel managers, travel management companies, and suppliers, ultimately enhancing efficiency in the corporate travel experience. Deem has consistently expanded its presence in the corporate travel market, and Travelport’s investment aims to further accelerate this growth on a global scale.
David Grace, President of Deem, expressed his enthusiasm about joining the Travelport family, saying, “Deem is delighted to become a part of Travelport. We take pride in Deem’s recent achievements and success. Travelport’s acquisition will facilitate robust global growth for Deem and expedite the delivery of travel management solutions in a rapidly evolving industry. We extend our heartfelt appreciation to our customers and acknowledge the hard work and dedication of our Deem team members.”
Travelport has already established itself as a leader in NDC by launching the industry’s first end-to-end solution for American Airlines’ NDC content. The company plans to further solidify its leadership position by swiftly integrating Deem’s access to NDC offers, products, and services. This access has become increasingly vital for travel agencies, corporations, and travelers, particularly in North America, where airlines are gradually shifting some content exclusively to NDC. This acquisition will significantly enhance Deem’s speed to market, enabling seamless integration of multi-source content.
Greg Webb emphasized Travelport’s commitment to ensuring a smooth transition for Deem employees, partners, and customers, stating, “We are dedicated to facilitating a seamless transition for Deem’s stakeholders and eagerly anticipate welcoming them to Travelport. Our customers have long desired a single corporate tool offering access to all content from one source. Together with the Deem team, Travelport is poised to deliver precisely that.”
