Announced
Synopsis
Accel-KKR backed the merger between Pegasus and Travel Tripper, two leading hospitality technology providers. The merger brings together two companies known for their industry-leading reservations, distribution, business intelligence, and e-commerce platforms that empower hotel groups large and small to directly own end-customer relationships and maximize bottom-line ROI. Financial terms were not disclosed. Commenting on the transaction, Sean Lenahan, CEO of Pegasus stated: "Today's transaction sends a powerful message to hoteliers that our teams and new ownership intend to set the market standard for driving innovation and enhanced customer service. Travel Tripper's intuitive user experience and software design simplifies the customer journey and its e-commerce solutions uniquely drive direct business with leisure customers for casinos, resorts and independent hotels. Together, our teams will deploy the best of our combined capabilities to deliver compelling holistic solutions that drive significant value for hoteliers."
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