PRN: Leading Travel Management Company Egencia Acquires Self Booking Tool Provider Traveldoo
Leading Travel Management Company Egencia Acquires Self Booking Tool Provider Traveldoo [15-December-2011] LONDON, PARIS, MUNICH, and BRUSSELS, December 15, 2011 /PRNewswire/ -- Egencia™, an Expedia, Inc. company, today announced that it has acquired Traveldoo, a leading provider ofÂ Web and mobile platforms for business travel management.
Leading Travel Management Company Egencia Acquires Self Booking Tool Provider Traveldoo
LONDON, PARIS, MUNICH, and BRUSSELS, December 15, 2011 /PRNewswire/ --
Egencia™, an Expedia, Inc. company, today announced that it has acquired Traveldoo, a leading provider ofÂ Web and mobile platforms for business travel management.
Traveldoo's leading corporate travel booking tool complements Egencia's fully-integrated Travel Management Company services platform, with its innovative corporate travel technologies. Â Traveldoo's unique combination of user-friendly technology and broad content are aligned with Egencia's strategy of leveraging technology to provide a better corporate travel management solution.
"With technology and innovation at the core of our business, Traveldoo is a natural addition to our company," said Rob Greyber, President of Egencia. "This acquisition positions Egencia to continue to expand our reach and further differentiate our offering in the market."
Traveldoo will remain autonomous, operating as a business unit of Egencia.Â There will be no changes for Traveldoo's clients and partners.Â All Traveldoo employees will remain with the company, including the company's co-Founder, Nabih El Aroussi.Â Mr. El Aroussi will continue to lead the company as the Managing Director, overseeing the day-to-day business as well as shaping its strategic direction; he will report directly to Rob Greyber, President of Egencia .
"Being under the Egencia umbrella will provide Traveldoo with a unique opportunity to accelerate our growth globally while strengthening our financial position," said El Aroussi.Â "We are thrilled about the opportunity to grow with and contribute to a fast-growing innovator like Egencia." Â Â
Founded in 2000 in France, Traveldoo's solutions and services simplify travel planning and booking, helpÂ centralise travel data, optimise travel spend, improve risk and crisis management and make business travellers' and travel arrangers' lives easier.Â Traveldoo today serves more than 4,000 clients in over 50 countries.
Terms of the transaction were not disclosed.
About Egencia, an Expedia, Inc. Company
Egencia is the fifth largest travel management company in the world. As part of Expedia, Inc., (NASDAQ: EXPE), the world's largest travel marketplace, Egencia helps businesses get ahead by offering the only truly integrated corporate travel service. Egencia's industry expertise helps drive results that matter, delivering meaningful advancements that have a real impact. By combining a powerful offline and online service, Egencia delivers a complete corporate travel offering supported by global market expertise and a best-in-class technology platform.
For more information, go to http://www.egencia.co.uk
Egencia and the Egencia logo are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. All other trademarks are the property of their respective owners.Â© 2011 Egencia, LLC. All rights reserved. CST # 2083922-50
Traveldoo is the provider of Web and mobile platforms for business travel. Traveldoo solutions simplify travel planning and booking, optimise travel spend, improve risk and crisis management and make business travellers' lives easier.
Company Codes: NASDAQ-NMS:EXPE