Travel Tripper and Pegasus are joining forces. The combination is backed by an investment from Accel-KKR, a technology-focused private equity firm. The merger brings together two companies known for reservations, distribution, business intelligence and e-commerce platforms that empower hotel groups to directly own end-customer relationships and maximize bottom-line return on investment.
“We look forward to working with Travel Tripper CEO Gautam Lulla, Pegasus CEO Sean Lenahan, and their teams to help create a disruptive new market leader,” David Cusimano, principal at Accel-KKR, said in a statement. “The industry has been dominated by a small number of large players, which has created a lack of choice in the market. The combination of Travel Tripper and Pegasus creates a formidable challenger to the other competitors in the hospitality technology space and provides another strong option for hotels looking for innovative technology solutions combined with the great customer service both companies are known for.”