Travelport

Stax Appoints Andrew Keller to Oversee Technology Market Coverage for U.K. and EMEA

Retrieved on: 
Wednesday, April 24, 2024
Travelport, OC, Software, Information services, Stax, Health, EY, Growth, Travel, Financial services

Additionally, he brings more than six years of experience in corporate finance and strategy at private equity-backed portfolio companies.

Key Points: 
  • Additionally, he brings more than six years of experience in corporate finance and strategy at private equity-backed portfolio companies.
  • "We are delighted to welcome Andrew Keller to Stax.
  • His recent appointment marks a significant step in the growth of Stax's London office, signifying an expansion of our sector coverage.
  • With a strong foothold in the U.S., particularly in technology and software, and a strategic investment in the London and European markets, Stax presents a compelling growth platform," expressed Andrew Keller.

Stax Appoints Andrew Keller to Oversee Technology Market Coverage for U.K. and EMEA

Retrieved on: 
Wednesday, April 24, 2024
Travelport, OC, Software, Information services, Stax, Health, EY, Growth, Travel, Financial services

Additionally, he brings more than six years of experience in corporate finance and strategy at private equity-backed portfolio companies.

Key Points: 
  • Additionally, he brings more than six years of experience in corporate finance and strategy at private equity-backed portfolio companies.
  • "We are delighted to welcome Andrew Keller to Stax.
  • His recent appointment marks a significant step in the growth of Stax's London office, signifying an expansion of our sector coverage.
  • With a strong foothold in the U.S., particularly in technology and software, and a strategic investment in the London and European markets, Stax presents a compelling growth platform," expressed Andrew Keller.

Siris Announces the Promotion of Stephen Catera to Partner

Retrieved on: 
Thursday, January 25, 2024
Entrepreneurship, Travelport, Digital River, Rutgers University, Leveraged buyout, Negotiation, Deutsche Bank, Growth, Financial services

NEW YORK, Jan. 25, 2024 /PRNewswire/ -- Siris, a leading private equity firm focused on investing and driving value creation in technology companies, is pleased to announce the promotion of Stephen Catera to Partner.

Key Points: 
  • NEW YORK, Jan. 25, 2024 /PRNewswire/ -- Siris, a leading private equity firm focused on investing and driving value creation in technology companies, is pleased to announce the promotion of Stephen Catera to Partner.
  • "Stephen has been a core member of Siris' Investment Team since joining the firm in 2012.
  • Since 2016, he has led our capital markets and non-control investing activities," said Frank Baker, a Co-Founder and Managing Partner of Siris.
  • Prior to joining Siris, Mr. Catera worked in the Leveraged Finance department at Deutsche Bank Securities where he worked on leveraged loan and high-yield issuances.

KBRA DLD Forecasts 4% Broadly Syndicated Loan, 3% High-Yield Default Rates in 2024

Retrieved on: 
Tuesday, January 9, 2024
Banking, Professional Services, Finance, KBRA, Travelport, Software, Weakness, BSL, HY, Security (finance)

KBRA DLD, a division of KBRA Analytics, is forecasting a 2024 broadly syndicated loan (BSL) default rate of 4% and a 3% rate for high yield (HY), based on volume.

Key Points: 
  • KBRA DLD, a division of KBRA Analytics, is forecasting a 2024 broadly syndicated loan (BSL) default rate of 4% and a 3% rate for high yield (HY), based on volume.
  • BSL default volume in 2024 is expected to exceed HY by a record wide margin, partly due to credit quality.
  • KBRA DLD projects 2024 annual default volume of nearly $60 billion for BSL versus $39 billion for HY.
  • KBRA DLD expects the BSL issuer default rate to land at 5.75% in 2024, in line with the 5.8% level set in 2023.

Travelport Completes New Equity Financing

Retrieved on: 
Wednesday, January 3, 2024
Growth, Davidson Kempner Capital Management, Travel, Artificial intelligence, NDC, Elliott Investment Management, Travelport, Security (finance)

LANGLEY, UK, Jan. 3, 2024 /PRNewswire/ -- Travelport (the "Company"), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced that it has completed its previously announced financing transaction with a group of its existing equity holders and lenders who have invested $570 million in new equity into the Company.

Key Points: 
  • LANGLEY, UK, Jan. 3, 2024 /PRNewswire/ -- Travelport (the "Company"), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced that it has completed its previously announced financing transaction with a group of its existing equity holders and lenders who have invested $570 million in new equity into the Company.
  • It also positions Travelport to continue investing in its technology platforms and innovating new, exceptional ways for the travel industry to serve its customers.
  • "The completion of Travelport's previously announced financing transaction represents the strong belief our investors have in our competitive position and potential for long-term growth," said Greg Webb, Chief Executive Officer of Travelport.
  • "Our new financing allows us to continue to innovate, enhance and deliver the best-in-class technology our partners have come to expect from us.

Travelport Investors Commit $570 Million in New Equity Financing to Bolster Capital Structure and Accelerate Long-Term Growth and Innovation

Retrieved on: 
Monday, December 4, 2023
NDC, Acquisition, Transaction, Investment, Davidson Kempner Capital Management, Machine learning, Elliott Investment Management, Travel, Travelport

LANGLEY, United Kingdom, Dec. 4, 2023 /PRNewswire/ -- Travelport Worldwide Limited ("Travelport" or the "Company"), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced that a group of its existing equity holders and lenders have agreed to invest $570 million of new equity financing into the Company. The new financing will give Travelport a robust capital structure, enable further investment into Travelport's technology platforms and pave the way for other innovations to deliver new and exceptional ways for the travel industry to serve customers.

Key Points: 
  • The new financing will give Travelport a robust capital structure, enable further investment into Travelport's technology platforms and pave the way for other innovations to deliver new and exceptional ways for the travel industry to serve customers.
  • The new investment in Travelport is being made pursuant to an agreement that will significantly deleverage and strengthen the Company's balance sheet (the "Transaction").
  • Following completion of the Transaction, Travelport will have a new ownership structure composed of Travelport's existing equity and credit investors, including Elliott Investment Management, Davidson Kempner Capital Management, Canyon Partners, Siris Capital and other leading institutional investors.
  • "This investment demonstrates our investors' support for Travelport and will advance our mission to reinvent a better future for the travel industry," said Greg Webb, Chief Executive Officer of Travelport.

Mondee Appoints Travel Luminary Jeff Clarke to Board of Directors

Retrieved on: 
Tuesday, September 19, 2023
Docker, Inc., Interim, Travel, Hewlett-Packard, Global distribution system, Kodak, A.I, B2C, Compuware, Customer, Doximity, Florists' Transworld Delivery, CA Technologies, Red Hat, Growth, Compaq, FTD, Travelport, Management, Expedia, Autodesk, Orbitz

AUSTIN, Texas, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms in the leisure and corporate travel sectors, today announced the appointment of Jeff Clarke to its Board of Directors.

Key Points: 
  • AUSTIN, Texas, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms in the leisure and corporate travel sectors, today announced the appointment of Jeff Clarke to its Board of Directors.
  • Mr. Clarke brings a wealth of experience in the technology sector, including a deep-rooted history in the travel industry, which is set to greatly benefit the Mondee team.
  • technology and fast-growing travel marketplace.”
    Clarke commented on his Board election, “Mondee has been leading the charge in redefining travel experiences with technology for everyone and I’m excited to play a part of that change by joining the Mondee Board.
  • I look forward to working with Prasad and the Mondee team as we continue to accelerate progress in revolutionizing the travel industry.”

ServiceNow Launches Now Assist for ITSM, CSM, HRSD, and Creator to Embed Generative AI Across All Workflows on the Now Platform

Retrieved on: 
Wednesday, September 20, 2023
Professional Services, Data Management, Technology, Human Resources, Software, Artificial Intelligence, Internet, NEC, Heart, LLM Communications, Assist, Partnership, Senior, Education, HRSD, LLM, Culture, Coursera, API, Travelport, Intelligence, Microsoft, Multimedia, OpenAI, Privacy, History, Stock, Creator, Creativity, Organization, Goldman Sachs, Triton, Student, Customer service, NVIDIA, Soundscape Digital Technology, Corporation, HR, CSM, NOW Platform DA and PAS, Growth, AI, Digital, Managed services, NYSE, ITSM, Sales, Online shopping, Video game, Medical device, Western Sydney University, ServiceNow

“ServiceNow has thousands of customers already using the Now Platform to digitize and streamline processes across the enterprise.

Key Points: 
  • “ServiceNow has thousands of customers already using the Now Platform to digitize and streamline processes across the enterprise.
  • The Now Platform operationalizes generative AI to drive growth and help reduce costs for every customer across every business function with enterprise-grade AI designed for high levels of digital trust and privacy.
  • Now Assist is woven into all processes and workflows to help optimize performance and is compliant with ServiceNow controls for ethical and responsible development and use.
  • “We are very excited for ServiceNow to introduce generative AI across its workflows as part of its Now Platform Vancouver release.

Calling Travel Changemakers Who Built Better with Tech

Retrieved on: 
Thursday, June 1, 2023
Wit, Booking.com, Wireless Technology Industry Association, Expedia Group, Agoda, Award, Skyscanner, News, Travelport, Film industry, Tourism, Airline, Airbnb, Travel

Singapore, June 1, 2023 - (ACN Newswire) - WiT (Web in Travel), Asia Pacific's leading travel tech news and events platform, will launch an awards series, the Travel Changemakers Awards, at its signature conference in Singapore this year.

Key Points: 
  • Singapore, June 1, 2023 - (ACN Newswire) - WiT (Web in Travel), Asia Pacific's leading travel tech news and events platform, will launch an awards series, the Travel Changemakers Awards, at its signature conference in Singapore this year.
  • The Awards aim to recognise travel innovators that have used technology to build back better, post-pandemic.
  • Award winners will be announced at WiT Singapore, 2-4 Oct 2023.
  • The Travel Changemakers Awards are supported by ATTIA (Asia Travel and Technology Industry Association), an association which represents companies that operate in the travel and tourism sector in Asia Pacific and have technology and innovation at their core.

The Next-Generation of Corporate Travel Retailing: Deem, Powered by Travelport+

Retrieved on: 
Tuesday, August 8, 2023
Travel, Thrive, CCL, Etta, Chloride, NDC, Acquisition, TMC, GDS, Artificial intelligence, Travelport, Online shopping, Deem

LANGLEY, United Kingdom, Aug. 8, 2023 /PRNewswire/ -- Travelport, a global technology company that powers travel bookings for hundreds of thousands of suppliers worldwide, today confirmed the integration with Deem, a leading corporate travel management platform, with Travelport+. The announcement comes just months after Travelport publicized the game-changing acquisition, a move intended to fulfill a growing need for a tight, fully-integrated tool that provides access and end-to-end servicing of all multi-source content, including NDC.

Key Points: 
  • Together, Deem and Travelport are modernizing the corporate travel experience.
  • "Business travelers want, and deserve, the same modern retailing experience as leisure travelers," said John Elieson, COO and Deputy CEO of Travelport.
  • "When Travelport announced the acquisition of Deem in March, it was with the intention of providing the corporate travel world with award-winning, complementary tools that are as revolutionary, modern, and easy-to-use as Travelport+.
  • Together, Deem and Travelport are modernizing the corporate travel experience.