Enterprise Holdings has announced its intent to acquire the San Francisco-based managed-travel technology platform Deem. The deal would provide Deem with an infusion of capital and resources to help it expand and increase its pace of development, while keeping the company's CEO and executive team in their current positions.
Deem consists of Deem Work Fource and Deem Ground Work, a suite of online booking and travel technology products for business travelers, travel managers, travel-management companies and suppliers. Through Work Fource, it provides technology that makes corporate travel booking more efficient. Its Ground Work platform offers a suite of online tools for booking pre-reserved ground transport for corporations and travel management companies. Over 50,000 corporate customers and large travel management companies use its travel and ground transportation software.
Enterprise and Deem have worked together since 2011. Deem has designed the technology behind the EHIDirect travel booking platform for small- and medium-sized corporations. Recently, they have partnered to offer National Car and Driver in China through the National Car Rental brand. Since 2016, Enterprise Holdings has been a minority investor in Deem.
Enterprise expects the acquisition to close in the first quarter of 2019. Deem will continue to operate autonomously in Silicon Valley, offering its suite of business travel technology including air, hotel and ground transportation options. John F. Rizzo will remain in his position as the company's CEO.