Travelport and Rearden Commerce Form Strategic Alliance to Benefit Travelport Customers in the U.S. and CanadaBuilds on Travelport's Best-of-Breed Corporate Solution Offerings
Travelport, the business services provider to the global travel industry, and Rearden Commerce, today announce that they have entered into a multi-year partnership that will result in delivery of a combined travel, procurement, and expense management solution for travel management companies (TMCs), existing corporate customers, and corporations in the U.S. and Canada. Travelport will add the Rearden Commerce™ Platform to its suite of corporate booking tool solutions which includes Travelport Traversa™, its flagship corporate booking tool. The addition of Rearden Commerce to Travelport's portfolio ensures corporations can benefit from both the depth and breadth of Travelport GDS content, along with the industry's best solutions to manage travel and traditionally overlooked areas of spend.
The Rearden Commerce Platform provides individuals with a robust set of features and functionality, comparable to top consumer websites, while providing corporations critical control and end-to-end spend management capabilities. Maximized cost savings, increased adoption, and employee satisfaction are direct results of this user-centric approach. The platform also includes the location-aware Mobile Personal Assistant that incorporates corporate policies and gives individuals access to personalized travel itinerary information.
"Rearden Commerce is a good strategic fit for us, enabling Travelport to offer our TMC and corporate customers a choice when looking at procurement solutions," said Travis Christ, president, Travelport GDS, The Americas. "It's a great complement to our other corporate spend management solutions and enables us to offer our customers a comprehensive suite of tools that provides quality and flexibility."
Added Christ, "We are delighted to bring this new approach to travel management to our customers and at the same time, add to our corporate value proposition. At Travelport, the right solution strictly depends on our customers' needs. The alliance is an extension of Travelport's strategy to offer customers a choice of the industry's best available solutions, including our flagship corporate booking tool, Travelport Traversa™.
Travelport customers will be able to select the corporate booking tool that best meets their requirements and which helps their corporate clients better manage employee spend on travel and other broad based services."
"We're proud to partner with a global leader like Travelport to extend the power of broad spend management to a larger corporate audience," said Patrick Grady, founder and CEO of Rearden Commerce. "Travel companies need to think beyond getting from point A to point B. I credit Travelport for its innovative thinking as an industry leader. Rearden Commerce is excited to work with its team and incredible network of partners and customers."
Travelport is a broad-based business services company and a leading provider of critical transaction processing solutions to companies operating in the global travel industry.
Travelport is comprised of:
- the global distribution system (GDS) business that includes the Worldspan and Galileo brands;
- GTA, a leading global, multi-channel provider of hotel and ground services;
- Airline IT Solutions, which hosts mission critical applications and provides business and data analysis solutions for major airlines.
Travelport also owns approximately 48% of Orbitz Worldwide (NYSE: OWW), a leading global online travel company.
Travelport operates in 160 countries, reported 2009 revenues of $2.2 billion and has approximately 5,400 employees. Travelport is a private company owned by The Blackstone Group, One Equity Partners, Technology Crossover Ventures, and Travelport management.