RateGain acquires Sorjun Inc. for $250 million
pre-market1 source ↓written by the desknot a recommendation
- of Sorjun Inc
- $250 million acquisition
- in financing
- $125 million
RateGain Travel Technologies has completed the $250 million acquisition of Sorjun Inc., a US-based tech firm, in an all-cash deal. Khaitan & Co advised on the acquisition and helped secure $125 million in financing from HSBC and Citibank. This move strengthens RateGain's position in the AI-powered SaaS market for hospitality and travel.
• Acquisition value: $250 million
• Financing raised: $125 million
• Advisors involved: Khaitan & Co
This acquisition may enhance RateGain's growth prospects and market share in the competitive travel tech sector.
Not investment advice. For informational purposes only.