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The deal closed in the beginning of January, with integration of platforms expected to be completed by the end of February. This will result in a single online interface that offers on-demand, near-demand, and future reservation services.
Limos.com has raised over $20 million in equity and has close to three million visitors per year, plus 4.5 million users in its database. Gary Bauer, chairman and CEO, forecasts the venture will generate $65 million to $70 million in earnings for 2017.
“We’re picking up major corporate accounts to drive business to small and medium operators. All leads from iCARS and Limos.com will be pushed to partner operators. You don’t have to be one of the top five operators to get work from these large companies.” He adds that the combined iCARS and Limos.com will now be able to serve more business travelers and leisure clients with executive car service backed by the duty of care that iCARS is built on.
“For the 1,000 operators already signed up with Limos.com, it’s business as usual,” Bauer says, “except they will have more opportunities for leads coming from iCARS, which before the merger, had access to a network of 6,000 limousine fleet vehicles.”
Edward Silver, iCARS president, will oversee the combined operations from its San Francisco-based headquarters.
“For our major travel management companies and corporate accounts around the globe, this acquisition means we can service their needs anywhere immediately,” says Silver. “We work with corporate accounts of all sizes including several that do 75,000 to 100,000 trips per year. I’ve spoken to many of them and all are excited about the combined iCARS and Limos.com venture.”
Silver adds, “We welcome the Limos.com team to our extended family and look forward to serving the marketplace with this new B2B global network.”
Visit icars.cc or limos.com for more information.
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“We are proud to be expanding into our fourth full-service facility as Temsa’s exclusive distributor,” shared Duane Geiger, executive vice president of sales & service. “This full service location is our first in the Northeast region and we are happy to offer our Temsa customers as well as other operators the superb maintenance and repair support that they have come to expect in our industry.”
Tony Mongiovi, vice president of sales & service in the Northeast, added that the staff of the new facility is comprised of veterans of the industry who understand the urgency associated with a coach being out of service, and stressed the new, strategically located facility is ideal to keep CH’s Northeast clients’ vehicles up and running. The CH Bus team has expanded their after-sales support in recent years as a response to the growing number of Temsa operators throughout the United States.
CH Bus Sales is the exclusive distributor of Temsa motorcoaches in the United States. CH Bus Sales is a privately owned corporation with an industry experienced ownership and management team. Temsa is a fully owned subsidiary of Sabanci Holding, the leading financial and industrial group in Turkey.
Visit chbussales.com or temsa.com for more information.
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"We are excited about the recent additions to the Deem team and are confident that these new team members will help us meet our customer needs and drive growth and innovation at a faster rate — areas that the company has struggled with historically," says John Rizzo, Deem president and COO. "We now have the people and structures in place to accelerate our product development efforts, better serve our clients and communicate with our audience around the globe."
"Business travelers are demanding instant, dynamic, and personalized travel, car service and expense options, and corporations need to control costs and ensure traveler safety," says Perry. "Our team of technology experts is poised to provide customized solutions to anyone using the Deem platform.”
"At Deem, we are developing solutions that help travelers make the right decisions at the right time by providing personalized suggestions, breadth of content and a fully integrated platform across travel, car service and expense, that encourages travelers to book in policy," says Bashvitz.
"We are accelerating the Deem travel, expense and car service solutions," says Kaiser. "We now have content available for more than 21 countries and a platform designed to increase value."
Prior to joining Deem, Tahnee Perry held positions with Northstar Travel Group and Phocuswright. Todd Kaiser joined Deem from ONEtechnology, a firm that created a platform for developing web applications without writing code. Bashvitz is the founder and former CEO of OLSET.
Deem recently acquired OLSET, a personalization and machine learning technology company to optimize hotel and ground transportation attachment rates. Deem also added hotel content from Booking.com and expanded its global rail offering through a partnership with SilverRail.
Visit deem.com for more information.
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