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  6. Deem Acquires OLSET

M&A Deal Summary

Deem Acquires OLSET

On October 19, 2016, Deem acquired information technology company OLSET

Acquisition Highlights
  • This is Deem’s 1st transaction in the Information Technology sector.
  • This is Deem’s 4th transaction in the United States.
  • This is Deem’s 2nd transaction in California.

M&A Deal Summary
Date 2016-10-19
Target OLSET
Sector Information Technology
Buyer(s) Deem
Deal Type Add-on Acquisition

Target

OLSET

San Francisco, California, United States
OLSET is a big data and machine learning technology company. OLSET's technology includes a knowledge-based recommendation engine, machine learning, sentiment analysis and natural language processing. These are used to analyze past user behavior, traveler profiles and large quantities of data including 200,000,000 sentiments extracted from more than 60,000,000 reviews of more than 500,000 hotels to better match users with hotels and other services.

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Buyer(S) 1

Buyer

Deem

Oakland, California, United States
Category Company
Founded 1999
Sector Information Technology
DESCRIPTION

Deem is an innovative managed-travel technology platform that includes 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. Deem was founded in 1999 and is based in Oakland, California.

DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: California M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-23 Whisk

New York, New York, United States

Whisk is a provider of Software-as-a-Service (SaaS) back-office solution for ground transportation operators.

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