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Permira-Backed Engine Acquires Options Travel TMC
technologySkift··1 min·For: Owner, Revenue, Marketing

Permira-Backed Engine Acquires Options Travel TMC

Denver-based corporate travel startup Engine has acquired U.S. travel management company Options Travel to build an integrated corporate booking software platform. Options Travel reported approximately $408 million in gross sales volume last year.

Key Takeaways

  1. 1Engine acquired Options Travel, a U.S. travel management company with $408M in annual gross sales.
  2. 2The startup previously raised $140M in Series C funding led by private equity firm Permira.
  3. 3Engine aims to expand from unmanaged business travel into comprehensive corporate booking tools.

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Source: Skift

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