[Travel News]: TravelPerk acquires Albatross to boost risk-management capability
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The following is the [Travel News]: TravelPerk acquires Albatross to boost risk-management capability from [Phocuswire] recommended by TheTourAttraction.com:
Meir believes the company’s strategy, which mixes technology with human interaction, continues to be the “golden path for success.”
TravelPerk plans to enhance its risk management functionality for customers following its acquisition of Albatross.
Terms of the acquisition of the Spain-based startup, which offers an API for information on travel restrictions, have not been disclosed.
The Albatross API will be built into TravelPerk’s existing risk management service, TravelCare.
The business will also continue to operate as a standalone unit and sell its services to other travel management companies.
He adds that he had originally planned to become an Albatross customer but “saw great talent and an amazing product.”
Meir says the acquisition and building out of the TravelCare service enable it to offer a consumer-like experience to its customers, most of which are predominantly small- to medium-size businesses.
He also believes the company’s strategy, which mixes technology with human interaction, continues to be the “golden path for success,” especially in light of the pandemic when there is less certainty.
“Overall, there is caution,” he says. “This virus is real and the health implications are real. It’s a cautious way of going back to travel while realizing that we don’t travel for work unnecessarily. It’s something we have to do to get business done.”
The acquisition follows a series of recent product developments from TravelPerk, including its FlexiPerk refund service and its partnership for repatriation with International SOS.