RateGain secures investment

RateGain, which provides hospitality and travel technology solutions, has secured investment from TA Associates, a global private equity firm.

TA has completed a minority investment in RateGain, which is based in India and has offices in Spain, the UAE, UK and US. Terms of the transaction were not disclosed.

“We have actively tracked RateGain for many years and are pleased to have advised on the investment in this highly attractive business,” said Naveen Wadhera, co-head of Asia at TA Associates, who will join RateGain’s board of directors.

“In addition to a compelling SaaS model, the company has strong financial momentum and a high-quality and growing customer base across both the hospitality and travel segments. We will work with RateGain management to explore new business opportunities among current and prospective clients, and further geographic expansion, particularly in North America and Asia Pacific.”

Founded in 2004, RateGain currently has a client base of more than 5,500 companies around the world, including approximately 3,000 hotels.

sourced:traveldailymedia.com