Travelport raises $200M to provide payment and software solutions for the travel industry

 

Travelport has raised $200M in funding to provide payment and software solutions for the travel industry.  The company is one of the largest travel software companies in the world. Travelport builds global distribution systems that help hotels, airlines, and travel agencies become more efficient and cooperate more easily. Siris Capital Group and Elliott Management led the funding round. Travelport aims to use the funding round to boost its growth and finance possible acquisition deals. The company operates in over 165 countries and had $2.5B in revenue in 2018. Since its inception in 2006, the company has raised over $500M. Travelport is based in Langley, United Kingdom.