Stout served as exclusive financial advisor to Distribution Hospitality Intelligence Systems, Co. (DHISCO) in its distressed sale to RateGain, a travel technology company based in India. The transaction was consummated out-of-court.
Founded in 1989 and based in Dallas, DHISCO is the single largest processor of global electronic hotel transactions – processing more than 18 billion transactions every month and facilitating more than $13 billion in annual global hotel bookings. DHISCO provides its customers with proprietary, highly innovative distribution technology solutions that enable hotel shopping, booking, and content distribution with world-class speed, reliability, and scalability. DHISCO’s next-generation technology infrastructure provides connectivity solutions for more than 450 of the world’s largest hotel chains, 120 online travel agents, and all four global distribution systems (Amadeus, Galileo, Sabre, and Worldspan) – reaching more than 500,000 properties worldwide.
The combination of DHISCO’s unique technology infrastructure and RateGain’s investment in channel management and revenue management, leveraging artificial intelligence and machine learning, will provide clients and partners with a unique solution.