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Switchfly Secures Investment to Drive Company Growth and Meet Demand for Next-Generation Travel Solutions
Appointment of new board members and funding will enhance Switchfly’s loyalty and dynamic packaging solutions
SAN FRANCISCO, JANUARY 24, 2019 – In response to its global growth and demand for its next-generation travel technology, leading travel ecommerce platform Switchfly LLC has secured growth funding from Golub Capital and L Capital LLC. As a result of the October 2018 investment, the two firms now hold a controlling equity stake in Switchfly LLC.
With digital travel sales "forecasted at $913B by 2022", this investment will allow Switchfly to continue to disrupt the travel ecommerce landscape, building the largest, most robust network of content and ancillaries in the marketplace for Switchfly customers. The funding also enables Switchfly to continue improving its sophisticated dynamic packaging offering and build upon the breadth, flexibility and scale of its industry-leading loyalty solutions. By connecting inventory for activity, air, car, hotel and insurance ancillaries before, during and after the booking experience, Switchfly’s platform helps travel companies boost both revenue and customer satisfaction.
Switchfly will also leverage the investment to drive additional innovation across its product portfolio, incorporating new technologies like machine learning and artificial intelligence into its offering. As a result, Switchfly will enable access to more intelligent customer data, which can be applied to create personalized travel experiences, deeper connections, and greater travel brand loyalty.
As part of the recent investment, Switchfly has a new board of directors who bring extensive travel, technology and financial expertise to the company. Joining representatives of Golub Capital on the new board are:
“Switchfly’s travel ecommerce platform already enjoys a sterling reputation and is used by some of the world’s most sophisticated travel and financial services companies,” said Foster. “The new financing allows Switchfly to invest in new product capabilities and continue improving its services for clients, as well as accelerating the company’s growth rate.”
To learn more about what this investment means for Switchfly customers and the travel sector, or to speak with Switchfly’s new board members, please contact Emily Bowe at email@example.com. For more information about Switchfly, please visit www.switchfly.com.
Switchfly is a leading travel ecommerce platform that powers dynamic packaging, loyalty and other online travel solutions for airlines, financial services companies, hotels and other travel brands across the globe, helping them drive incremental revenues, maximize conversion rates and increase consumer engagement. Through the company’s data-driven approach and its global network of ancillary merchandise for activity, air, car, hotel and insurance, Switchfly allows brands to optimize their inventory and revenue management and create relevant, personalized experiences for their customers. Switchfly partners with many of the globe’s best-recognized airlines (including American Airlines, LATAM and Avianca); loyalty programs (including IAG Avios and American Airlines Advantage); hospitality groups (including InterContinental Hotels Group, Marriott International and Starwood Hotels and Resorts); and financial service companies (including American Express and MasterCard). For more information, please visit www.switchfly.com.