CDS Groupe, a hotel booking platform for business travel, is expanding into the German market through an acquisition.
Juniper Group Acquires Hotel Tech Startup Vervotech
25.08.2023 - 13:00 / skift.com / Justin Dawes
Vervotech, a startup that manages hotel room data, is the latest in a string of travel tech acquisitions by Juniper Group.
Juniper Group said Friday that it acquired the India-based startup. Terms were not disclosed.
Vervotech’s platform analyzes hotel booking data to remove duplicate listings across suppliers, a problem that can lead to inaccuracies and missed bookings.
Juniper Group is an operating portfolio of Vela Software, one of the six divisions of Constellation Software. Juniper Group also owns software companies Juniper Travel, TPF Software, T4W, Airport Information Systems, and IST Cruise Technology. It also acquired Peakwork in April.
Juniper Group said it is focused on acquiring and building businesses in the industries of travel, aviation, banking, insurance, healthcare, public sector, and oil and gas. Juniper Group made six acquisitions in 2022 alone, according to its website.
Vervotech will continue to operate independently.
Juniper Group said the Vervotech product compliments its booking engine, while the acquired company now has access to more resources for further research and development.
Sanjay Ghare, co-founder and CEO of Vervotech, said in a statement that the company plans to expand in Europe, North America, and the Middle East.
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