Travelport has acquired Singapore-based hotel and travel search engine Sprice.com.
As a consequence of the deal, Travelport will expand its hospitality offering by providing Galileo and Worldspan-connected agents with access to Sprice’s portfolio of over 240,000 international hotel properties.
Agents will also have access to hotel reviews, merchandising options and comparison tools.
In addition, Travelport will use Sprice’s search technology to enhance its GDS channels, which it claims will allow it to offer richer and more diverse supplier content to its customers.
Gordon Wilson, Travelport’s deputy chief executive, said the buyout would “significantly add to our existing hospitality portfolio”.
He added: “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.”
The Sprice acquisition supports Travelport’s strategy to rapidly expand the availability of hospitality content for its travel agency customers.
Sprice co-founder and chief executive Jerome Thil said: “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.
The business was previously backed by two leading venture capital firms, Sofinnova Partners and Walden International. Quilvest Banque Privée advised the sellers on the transaction.