Deem
Founded Year
1999Stage
Acquired - II | AcquiredTotal Raised
$543.62MAbout Deem
Deem offers a corporate travel management platform. It provides mobile and cloud-based travel solutions, ground transportation booking, and management solutions. The company serves business travelers, travel managers, travel management companies, and suppliers. It was formerly known as Rearden Commerce. The company was founded in 1999 and is based in Oakland, California. In March 2023, Deem was acquired by Travelport. The terms of the transaction were not disclosed.
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Deem Patents
Deem has filed 15 patents.
The 3 most popular patent topics include:
- Frozen food brands
- Meteorological data and networks
- Modern obsolete currencies
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
2/14/2019 | 9/13/2022 | Frozen food brands, Meteorological data and networks, Supply chain management, Modern obsolete currencies, Manufacturing | Grant |
Application Date | 2/14/2019 |
|---|---|
Grant Date | 9/13/2022 |
Title | |
Related Topics | Frozen food brands, Meteorological data and networks, Supply chain management, Modern obsolete currencies, Manufacturing |
Status | Grant |
Latest Deem News
Apr 3, 2023
Travelport a global technology company focused on powering travel bookings for travel suppliers worldwide, has received as $200 million investment from the company’s owners, Siris Capital Group and Elliott Management. The new injection of capital aims to allow the company to continue its growth strategy, following its acquisition of Deem. The $200 million investment, along with a recent refinancing that received the support of 100 percent of Travelport’s first lien lenders and lowered the company’s cash interest expense, provides Travelport with significant liquidity. “The $200 million investment from our owners, Siris Capital Group and Elliott Management, reflect their confidence in Travelport and the continued recovery of the travel industry,” says Greg Webb, CEO of Travelport. “The main advantage of private equity ownership is agility, which is crucial in a rapidly changing environment. This investment will allow Travelport to further advance its tech innovations, while fueling the company’s momentum.”
Deem Frequently Asked Questions (FAQ)
When was Deem founded?
Deem was founded in 1999.
Where is Deem's headquarters?
Deem's headquarters is located at 1330 Broadway, Oakland.
What is Deem's latest funding round?
Deem's latest funding round is Acquired - II.
How much did Deem raise?
Deem raised a total of $543.62M.
Who are the investors of Deem?
Investors of Deem include Travelport, Enterprise Holdings, Point Guard Ventures, Hony Capital, ChinaSoft International and 18 more.
Who are Deem's competitors?
Competitors of Deem include HelloGbye and 1 more.
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