RateGain to Buy Sojern in $250 Million Deal, Expanding Its Marketing Reach

Key Points

• RateGain is acquiring U.S.-based Sojern for $250 million to expand its marketing reach and capabilities.
• The deal will integrate Sojern's 366-member mainly U.S.-based team and AI-powered marketing platform into RateGain's business.
• Combined, the companies expect to surpass $310 million in revenue and $50 million in EBITDA, pending regulatory approval.

Summary

RateGain, an India-based travel technology provider, has agreed to acquire U.S.-based Sojern for $250 million in a deal that will significantly expand RateGain's marketing technology capabilities and U.S. presence. Sojern, which specializes in travel marketing and guest experience solutions, will bring a 366-member team and a strong client base to RateGain. The combined company expects to achieve over $310 million in revenue and more than $50 million in EBITDA, with the acquisition subject to regulatory approval.