Feeds

Travelocity snaps up Site59.com for $43m

Cash purchase

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Travelocity is beefing up its last minute bargain basement travel capacity with the acquisition of Site59.com.

The online travel giant is paying $43m cash for Site59, which provides the "engine" (aren't we supposed to call this "platform" nowadays?) for last minute offerings on other north American sites, including Travelocity. This is characterised as an ASP offering by Site59's majority owner, iFormation. The clever thing that Site 59 does is to aggregate surplus inventory - from hotels, airlines and the like - and repackage them into mini-holiday breaks.

Site59 was set up as recently as May 2000 by the Boston Consulting Group, a shareholder in iFormation, alongside Goldman Sachs and General Atlantic Partners. It sounds like the dotcom boom days all over again.

According to iFormation, Site59 has avoided the pitfalls of the dotcom era by its positioning as "a B2B2C (business to business to consumer) play". The company has 2,600 suppliers and 12 online travel distributors - but how many of the latter will last the course, with Site59 now under rival ownership? ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.