Juniper Group, an operating portfolio of Vela Software (“Vela”) and Constellation Software, Inc. (“CSI“) (TSX:CSU) is pleased to announce the acquisition of Vervotech Solutions Pvt. Ltd. (“Vervotech”), a fast-growing travel software company focused on providing accommodation data solutions, including Hotel Mapping, Room Mapping and Hotel Curated Content.
Vervotech will continue pursuing its vision of organizing, standardizing and enhancing the entire global accommodation data independently while benefiting from gaining full access to the whole travel software ecosystem built up by Juniper Group. This will enable Vervotech to integrate with more tech partners and customers alongside Juniper group companies.
The acquisition of Vervotech has been sponsored by Juniper Travel Technology, the leading Travel Industry software partner with operations in over 50 countries through more than 400 customers and supplier integrations, who will back Vervotech up on its daily operations as well as support them in continuing to achieve sustained high growth and further innovate.
“We have sponsored the acquisition of Vervotech, being extremely glad of its successful acquisition, for two main reasons: ensuring that our existing and future customers using our Juniper Booking Engine benefit from the best-in-class mapping solutions, as well as being able to work hand-in-hand with another young and innovative team of talented travel software experts“. said Mr. Juan Mateos, General Manager of Juniper Travel Technology.
Mr. Sanjay Ghare, CEO and co-founder of Vervotech, commented: “Joining forces with Juniper is an incredible opportunity for Vervotech to impact the global travel industry. By combining our expertise with Juniper’s industry-leading booking engine, we’ll deliver unparalleled value to our customers and partners as well as establish a stronger foothold globally”. Mr. Ghare will continue leading Vervotech’s business and strategy in his current role.
About Vervotech: Vervotech maps hotel inventory and streamlines accommodation challenges helping to significantly reduce booking errors with its Hotel Mapping and Room Mapping solutions, and also delivers hotel master content to transform the end-user experience.
About Juniper Travel Technology: Juniper Travel Technology, a business unit of Juniper Group, is a global travel software specialist focused on proving leading booking and connectivity solutions to Tour Operators, Wholesalers, Incoming Agencies (DMCs), Online Travel Agencies (OTAs), Bed Banks, Airlines and Shipping Companies, among others.
About Juniper Group: Juniper Group, an operating portfolio of Vela Software and Constellation Software focused on acquiring, managing, and building world-class businesses forever, is a fast-growing family of Vertical Market Software companies operating in travel, aviation, banking, insurance, healthcare, public sector and oil & gas verticals.
