Mooreland Partners advises WorldMate on its sale to Carlson Wagonlit Travel
Palo Alto, California – October 31, 2012 – Mooreland Partners is pleased to announce that it acted as the exclusive financial advisor to WorldMate Inc. on its sale to Carlson Wagonlit Travel Inc., the leading global business travel management company.
WorldMate operates a mobile travel itinerary management platform accessible via a mobile application. Travellers can use WorldMate’s service to manage every aspect of their business and leisure trips via their mobile phone, including booking hotels and car rentals, receiving real-time flight updates, posting their trip information to Facebook, getting local weather forecasts, maps, and currency converters, etc. WorldMate’s itinerary management application has been used by over 10 million business and leisure travellers to date.
The acquisition of WorldMate strategically enhances the mobile capabilities of CWT’s existing travel management solutions which are used by companies, government institutions and non-governmental organizations of all sizes in more than 150 countries and territories.
Based in Palo Alto, CA with operations in Israel, WorldMate received funding from, among others, Blackberry Partners Fund and Motorola Ventures.
For more information, visit www.worldmate.com.
This is Mooreland’s 21st closed transaction in 2012 so far and is another example of Mooreland’s presence as a leading M&A advisor in the mobile and digital media verticals.
For more information, please contact Peter Globokar, Brad Topchik or Kelemen Papp.
Peter Globokar, Managing Director
Mobile: +44 7785 226 221
Direct Line: +44 20 7484 1353
Brad Topchik, Managing Director
Mobile: +1 914 907 9765
Direct Line: +1 203 629 4456
Kelemen Papp, Vice President
Mobile: +1 415 425 3851
Direct Line: +1 650 330 3794