Travelport, one of the world’s largest global distribution system (GDS) providers, this morning announced that it has acquired Singapore-based Sprice, owner and operator of hotel and travel search engine Sprice.com, for an undisclosed sum.
This provides Travelport with a way to expand its hospitality offering by providing Galileo and Worldspan-connected agents with access to Sprice’s portfolio of over 240,000 international hotel properties, as well as hotel reviews, merchandising options and comparison tools.
Travelport says it will also utilise Sprice’s search technology to enhance its GDS channels, enabling the company to deliver and distribute better supplier content to its subscriber customers.
Founded in June 2006, Sprice offers consumers access to unique content in Europe and Asia and provides travel operators with a low-cost, efficient distribution channel for their services.
The company is headquartered in Singapore and has an office in Strasbourg, France. All eighteen Sprice employees have been extended offers of employment at Travelport.
Sprice was backed by two venture capital firms, Sofinnova Partners and Walden International.
(Source: press release)
Travelport Limited provides business services, as well as transaction processing solutions and data to companies operating in the travel industry worldwide. The company’s Global Distribution Systems segment provides aggregation, search, and transaction processing services that allow travel suppliers and travel agencies to search, process, and book itinerary and pricing options across various travel suppliers. This segment also provides hosting solutions; and IT software subscription and business intelligence services to airlines. Its Gulliver’s Travel Associates segment distributes accommodation, ground travel,...
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