SilverRail Technologies said it raised $15 million in new funding - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

March 21, 2012 - 11:45 AM ET

SilverRail Technologies said it raised $15 million in new funding "to accelerate the addition of rail carriers and the development of cross-border and inter-carrier journey planning." The rail ticketing platform developer intends to integrate within two years "all of Europe's major rail carriers." According to SilverRail co-founder and CEO Aaron Gowell, "The $300 billion rail market is the single fastest-growing sector of travel today." Currently operating in eight European countries, the company's platform serves such travel intermediaries as Egencia, eGlobalfares, GetThere, KDS, Orbitz for Business and Rearden Commerce. New funding was led by Canaan Partners.

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
Sabre Corp. has acquired Genares, a supplier of central reservation systems, revenue management and marketing tools to hotels,... read more »
Concur this week had no comment on a Bloomberg report that the company has discussed a possible sale to Oracle or SAP.... read more »
The GBTA Foundation created a tool to help travel managers determine if their organizations effectively are using travel technologies.... read more »
Amadeus has launched an ancillary services tool through which U.S. users can book or upgrade travelers to United Airlines' Economy Plus seats,... read more »
American Airlines has relisted fares in Orbitz's consumer websites... read more »
American Airlines said its decision to withdraw fares from consumer websites powered by Orbitz will not affect Orbitz for Business clients.... read more »
CLARIFICATION: Carlson Wagonlit Travel is a current partner of KDS... read more »
Travel and Transport has agreed to resell the KDS Neo online booking tool,... read more »
ARC plans to expand its FareSight corporate air travel benchmarking tool to include worldwide points of sale via an IATA partnership.... read more »
BCD Travel announced that it migrated "every client" to its DecisionSource business intelligence platform,... read more »
Yapta launched a hotel rate tracking system "with early adopter customers" and a couple of travel management companies, including Travizon and Ultramar.... read more »