Travelport has announced the acquisition of corporate travel management platform Deem.
"The game-changing acquisition of Deem by Travelport will fulfill a growing, post-pandemic need for a tight, fully-integrated corporate tool that will provide access to all multi-source content, including NDC," said Greg Webb, Travelport CEO.
"We've been laser-focused on investing in technology innovation, and Travelport+ has simplified the agency workflow, upgraded how travel content is curated, and enabled modern travel retailing. Now with the acquisition of Deem, Travelport will provide corporate travel with award-winning, complementary tools that are as revolutionary, modern, and easy-to-use as Travelport+."
Previously owned by mobility solutions provider Enterprise Holdings, Deem was named one of Fast Company's Most Innovative Companies of 2022.
Deem says its suite of online booking and travel technology products for business travellers, travel managers, travel-management companies and suppliers aims to make the corporate travel experience more efficient for all.
"Deem is pleased to be joining the Travelport family," said David Grace, President of Deem.
"We are proud of the growth and success Deem has achieved in recent years. The acquisition by Travelport will enable a strong future of global growth for Deem and help accelerate the delivery of travel management solutions in a rapidly evolving industry. We want to express our sincere appreciation to our customers, as well as recognize the hard work and dedication of our Deem team members."
For its part, Travelport says it established itself as a leader in NDC by launching the industry's first end-to-end solution for American Airlines' NDC content. It now plans to build on its leadership position by implementing a swift technical integration to enable Deem's access to NDC offers, products and services.
Access to this content is becoming critical for travel agencies, corporations, and travellers, particularly those in North America where airlines are beginning to shift some content exclusively to NDC. Travelport says the acquisition will dramatically improve Deem's speed to market, allowing it to seamlessly integrate multisource content.
"We are committed to ensuring a smooth transition for Deem employees, partners, and customers, and look forward to welcoming them to Travelport," Webb continued. "Having a one-stop source for all content on a single corporate tool has been the main goal of our customers for a long time. Together with the Deem team, Travelport will deliver that."
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