5 years ago

Travelport Secures $1 Billion in Financing from Siris Capital Group and Evergreen Coast Capital Corp.

  • Travelport Worldwide Limited, a UK-based travel technology company, has secured up to $1 billion in financing from affiliates of existing owners, Siris Capital Group, and Evergreen Coast Capital Corp., the private equity affiliate of Elliott Management Corporation

  • The investment will allow the company to continue investing in its technology and platform

  • Travelport operates a travel commerce platform providing distribution, technology, travel payment and other solutions for the global travel and tourism industry.

      • ProblemTechnology

      "The travel industry has traditionally relied on outdated technology and clunky systems, making it difficult for travel providers to connect with buyers and offer competitive prices and services."

      Solution

      "Travelport provides a state-of-the-art travel commerce platform that streamlines the distribution, technology, payment, and other aspects of travel, connecting travel providers with buyers in a seamless and efficient way."

      Covered on