The future of US-based travel booking platform PSNGR1 is in doubt
after travel management company partners last week were told current activity must be paused
amid a funding shortfall.
In the U.K., the company had signed a partnership with TakeTwo Travel
Solutions last November, and more recently, deals with Gray Dawes Group,
Blue Cube Travel and the Focus Travel Partnership.
Three of the
organizations confirmed the company had communicated the situation with
them. PSNGR1 CEO Chris Moss was approached for comment but no response
had been provided at the time of publication.
Gray Dawes chief
commercial officer Warren Dix said, “They contacted us last week to
say they’ve not secured the funding they needed to continue. It’s a
great product and hopefully they’ll secure the investment they need.” He
added, “It came as quite a surprise but we’ve not invested any time or
resources in implementing it with any customers so we haven’t lost
anything there.”
Focus CEO Abby Penston said, “We’re saddened to
hear the news around PSGNR1. We very recently signed an agreement with
them but none of our TMC Partners were yet to take the product.”
TakeTwo
acknowledged PSNGR1 had been in touch but was awaiting a further update
on the situation. Like others BTN Europe spoke with, the TMC has not
onboarded any U.K.-based customers and will continue to work agnostically
with other existing booking tool partners.
All organizations that
BTN Europe contacted spoke highly of the technology, with one source
speculating that the technology could be a compelling purchase for a global distribution system or TMC that does not have a proprietary booking platform.
PSNGR1 landed the People's Choice award at the BTN Group's annual Innovate event last October.