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home / news releases / PRO - PROS Holdings Acquires Travelaer SAS For Booking Engine Tech

PRO - PROS Holdings Acquires Travelaer SAS For Booking Engine Tech

PROS Holdings Inc.

Quick Take

PROS (PRO) announced it has acquired Travelaer SAS for about $12 million.

Travelaer SAS has developed an online travel booking engine and a New Distribution Capability [NDC] platform for the airline industry.

With the deal, PRO is bolstering its selling optimization offerings to the rapidly growing travel industry.

Target Company

Biot, France-based Travelaer was founded in 2013 to provide a travel booking engine and an NDC platform.

Management was headed by former CEO Mike Slone, who has been with the firm since 2014 and was previously Global Lead, User Experience

Read more ...
Stock Information
Company Name: PROS Holdings Inc.
Stock Symbol: PRO
Market: NYSE
Website: pros.com
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