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  6. Mondee Acquires Purplegrids

M&A Deal Summary

Mondee Acquires Purplegrids

On November 15, 2023, Mondee acquired information technology company Purplegrids

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

M&A Deal Summary
Date 2023-11-15
Target Purplegrids
Sector Information Technology
Buyer(s) Mondee
Deal Type Add-on Acquisition

Target

Purplegrids

Milpitas, California, United States
Purplegrids is a cutting-edge AI company that integrates the advantages of Generative AI with private LLMs, Deep Learning, and Computer Vision with diverse data sources, seamlessly blending them with native enterprise integration and business intelligence capabilities on a no-code/low-code framework for building next-generation AI apps. Purplegrids was formed in 2017 and is based in Milpitas, California.

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Buyer(S) 1

Buyer

Mondee

Austin, Texas, United States
Category Company
Founded 2011
Sector Information Technology
Employees1,226
Revenue 223M USD (2023)
DESCRIPTION

Mondee is a group of travel technology, service, and content companies driving disruptive innovative change in the leisure and corporate travel markets. They deliver a revolutionary technology platform of SaaS, mobile, and cloud products and services to a global customer base, processing over 50 million daily searches and multi-billion dollars of transactional volume yearly. Mondee was founded in 2011 and is based in Austin, Texas.

DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Orinter Tour & Travel

Sao Paulo, Brazil

Orinter Tour & Travel is a travel provider. Orinter Tour & Travel is based in Sao Paulo, Brazil.

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