Travelport owners invest $200 million in company to fuel growth
Following a strong first quarter performance the new injection of capital will allow the company to pursue its aggressive growth strategy
The $200 million investment, along with a recent refinancing, provides Travelport with significant liquidity while demonstrating investors' strong belief in the company's bright future.
Key takeaways
- The company just acquired Deem, a leading corporate travel management platform, in order to fulfill a growing need for a tight, fully-integrated tool that provides access to all multi-source content, including NDC;
- The company launched Smartpoint Cloud, delivering a more intuitive and efficient way for travel agents to sell and service travel, all while increasing sales of higher-value services for suppliers;
- Became the first GDS to offer a complete solution for American Airlines' NDC content.
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