- Juniper Group, a Constellation Software (TSX:CSU) portfolio company, has acquired Vervotech, a technology start-up known for its hotel and room mapping solutions
- Juniper intends to combine its travel booking engine with Vervotech’s flagship mapping product to better serve customers
- Constellation Software provides software and services to more than 125,000 customers in more than 100 countries
- Constellation Software stock (TSX:CSU) is up by 24.37 per cent year to date
Juniper Group, a Constellation Software (TSX:CSU) portfolio company, has acquired Vervotech, a technology start-up known for its hotel and room mapping solutions.
Juniper Group focuses on acquiring, managing and building businesses forever. It owns vertical market software companies active in travel, aviation, banking, insurance, healthcare, the public sector, as well as oil and gas.
Vervotech‘s flagship product, Vervotech Mappings, is gaining traction in the travel sector because of its accurate delivery of hotel data. The solution employs an advanced AI algorithm to map hotel content with 99.999 per cent accuracy.
Juniper plans to package its travel booking engine with Vervotech Mappings to improve the client experience.
“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,” Sanjay Ghare, co-founder and CEO of Vervotech, said in a statement. “Leveraging Juniper’s network and resources, we aim to establish a strong foothold in Europe, North America and the Middle East, providing cutting-edge solutions to a diverse range of travel companies and enhancing their business performance.”
“We are excited to welcome Vervotech to the Juniper family,” added Jaime Sastre, CEO at Juniper Group. “Their mapping products and solutions perfectly align with our vision of driving transformation in the travel industry through advanced technology. With Vervotech’s expertise, we are confident in providing our customers and our travel technology companies with even more comprehensive and reliable mapping solutions, empowering them to thrive in today’s competitive landscape.”
Constellation Software provides software and services to more than 125,000 customers in more than 100 countries. The company focuses on acquiring, managing and building industry specific software businesses specialized in mission-critical solutions.
Constellation Software (TSX:CSU) last traded at $2,648.27 per share. The stock is up by 24.37 per cent year to date and over 178 per cent since 2018.
Join the discussion: Find out what everybody’s saying about this stock on the Constellation Software Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
