Travelport, a leading travel commerce platform providing distribution, technology, payment and other solutions for the $7 trillion global travel and tourism industry, today announced that it has invested in the travel technology company, Locomote, acquiring a 49% share.
Gordon Wilson, President and CEO of Travelport commented, "Through this strategic investment in Locomote, we have significantly strengthened our offering to both corporates and TMCs from an end to end customer experience perspective. Locomote has been, and will continue to be, totally focused on what corporations and their corporate travellers want, in order to make the management of their travel an empowered, improved and mobile user experience, leveraging all of the latest technology and content that Travelport brings. We are excited about the reaction received from the initial companies that have experienced the Locomote product line, including the ease of deployment and user adoption. We believe that further assets Travelport has recently acquired, such as the corporate hotel booking company, Hotelzon, will add even more differentiated content to the Locomote offering in the near future."
Philip Weinman, CEO and Executive Chairman of Locomote added, "Locomote is excited to have a global partner in travel technology of the scale and reach of Travelport. This is all about giving our corporate travel customers a greater level of control over their own travel programmes. With the Locomote product, powered by Travelport content, we have created a powerful tool that is bespoke, flexible and cost effective. It will save businesses time and money and allow them to make the most of their travel budgets in real time. The platform we have developed is designed to be constantly added to, to keep pace with emerging trends as well as changing corporate customer needs."
Locomote already names organisations such as ANZ Bank, World Vision, Medibank, Allen & Overy and Glencore as users of the Locomote Travel Management Platform.
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Travelport is a leading travel commerce platform providing distribution, technology, payment and other solutions for the $7 trillion global travel and tourism industry. Travelport has a presence in over 170 countries, approximately 3,600 employees and a net 2013 revenue of $2.1 billion.
Locomote is a technology company that was founded by Ross Fastuca and David Fastuca and backed by Philip Weinman and Dr Clive Sher. Locomote was developed to change the current travel management landscape by empowering organisations to have complete control and visibility of their global travel programme and travel supply chain.