Travelport Completes Acquisition of Sprice.com

Travelport has completed the acquisition of Singapore-based Sprice Pte. Ltd., which owns and operates the hotel and travel search engine Sprice.com. Terms of the acquisition were not disclosed.

As a consequence of the deal, Travelport will significantly 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 a comprehensive suite of hotel reviews, merchandising options and comparison tools. Travelport will also utilise Sprice’s proven search technology to enhance its GDS channels, enabling the company to deliver and distribute richer, more diverse supplier content to its subscriber customers.

“With Sprice, Travelport has acquired firstly, a highly innovative proven technology platform that is deeply synergistic to our GDS business, enabling us to deliver and distribute more content and secondly, an established and vibrant inventory of hotel options and comparison tools that will significantly add to our existing hospitality portfolio,” said Gordon Wilson, deputy CEO, Travelport and president and CEO, Travelport GDS. “Along with these significant assets comes the intellectual capital of the Sprice team, a group of very bright and talented executives who we are pleased to have join our company.”

Through this acquisition, Travelport expects to deliver a much broader range of hotel options to its travel agency customers, supported by comparison features, as well as providing the technology platform for new content such as, for example, parking, events and attractions and dining.

Founded in June 2006 Sprice offers consumers broad access to unique content in Europe and Asia and provides travel operators with a low-cost, efficient distribution channel for their services.

“We are excited to be joining Travelport,” said Sprice co-founder and CEO Jerome Thil. “Bringing together Sprice’s meta search technology and Travelport’s powerful GDS transaction processing capabilities creates great synergy and the potential for new development and innovation, charting an exciting new path forward for us.”

Sprice is headquartered in Singapore and has an office in Strasbourg, France. All eighteen Sprice employees have been extended offers of employment at Travelport. Sprice will be managed under the recently announced Consumer and New Ventures group within Travelport.

Sprice was previously backed by two leading venture capital firms, Sofinnova Partners and Walden International. Quilvest Banque Privée advised the sellers on the transaction.

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