Published on : Tuesday, May 16, 2017
Expedia, Inc. has announced an agreement to acquire a majority stake in SilverRail Technologies, Inc. SilverRail set out to solve rail’s most challenging technology problems and has been an important Expedia industry partner, helping to bring online booking for rail to Expedia’s customers.
Dara Khosrowshahi, Expedia, Inc. President and Chief Executive Officer. “We are tremendously excited to welcome the incredibly talented SilverRail team into the Expedia family.”
“Rail is ready for an online revolution, and we’re ready to be a part of it. Rail’s shift online is one of the fastest growing areas of innovation in the $1.3 trillion travel market, and SilverRail is powering that innovation,” Khosrowshahi added.
On the other hand, Aaron Gowell, SilverRail Technologies, Inc. Chief Executive Officer said, “The investment by Expedia will make our business bigger, stronger, and faster in executing current commitments and meeting the demand of new business.”
He added, “We were looking for an investor and partner that understood our ambitions and was committed for the long term. Expedia is an ideal fit for us, as it sees the huge potential in rail and has a history of keeping its brands nimble.”