Sale to SilverRail Management Renews Focus on Carrier-Centric Business Strategy
LONDON, UK. October 19, 2020.
SilverRail Technologies, Inc. today announced a sale of its business to SilverRail management. The sale allows SilverRail to operate as an independent entity, with renewed focus on a carrier-centric business strategy. Expedia Group, which owned a majority stake in SilverRail, retains an interest in the company and existing strategic agreements including the supply of rail to Egencia customers globally.
“We have evolved and matured greatly within the Expedia Group family of brands,” said Aaron Gowell, Chief Executive Officer, SilverRail. “We have also grown into a business largely focused on our rail carrier partners, building products for their direct retail needs as well as third party distribution. We are excited about the growth of rail as a sustainable travel choice and looking forward to building on our success in this sector.
The sale was completed on October 2, 2020.
About SilverRail Technologies
SilverRail powers global rail with its next generation retailing and distribution platform.
SilverRail’s technology is purpose built for rail. The SilverRail product suite spans the full customer experience: journey planning, inventory management, scheduling, pricing, booking, payment, ticketing, reporting and administration.
SilverCore is the world’s first unified platform for global rail distribution, it connects carriers and suppliers to both online and offline travel distributors.
- SilverRail handles more than 1 billion online rail searches each year.
- SilverRail distributes tickets for more than 35 providers and carriers.
- SilverRail processes more than 25 million bookings each year.
- SilverRail serves more than 1,500 corporate customers worldwide.
SilverRail was founded in 2009 by Aaron Gowell and Will Phillipson and has offices in London, Boston, Stockholm and Brisbane.