Momondo Group

Momondo Group
Formerly called
 Cheapflights Media Ltd.
Private
Industry Travel
Founded 1996 (1996) in London, United Kingdom
Founder John Hatt
Headquarters London, United Kingdom
Key people
  • Hugo Burge, CEO
  • Alan Martin, CFO
Subsidiaries
Website http://www.momondogroup.com/

Momondo Group Ltd. is the parent company for travel metasearch websites Cheapflights and momondo. The company was founded in 1996 as Cheapflights and changed its name to Momondo Group in 2012.[1][2] As of 2016, Momondo Group has 250 employees and offices in London, Copenhagen and Boston.[3]

History

Momondo Group was founded in 1996 as the comparison travel deals site, Cheapflights, by the travel editor of Harpers & Queen, John Hatt.[4] In 2000, the company was purchased by David Soskin and Hugo Burge.[5] The company expanded its business to the U.S. in 2003, when it launched cheapflights.com and opened an office in Boston.[6]

Cheapflights became Cheapflights Media in 2010, and acquired the Denmark-based travel metasearch site momondo.com in 2011.[7][8] In 2012, the company underwent a rebranding that included changing its name from Cheapflights Media Ltd. to Momondo Group Ltd.[9] Momondo Group received a $130 million private equity investment from Great Hill Partners in 2014.[10]

In May 2016, it was reported that the company had $30 million in first quarter revenue.[11]

References

  1. ↑ Fox, Linda (November 12, 2012). "Momondo Name to Carry Cheapflights Into Non-English Speaking Territories". tnooz. Retrieved August 24, 2016.
  2. ↑ "Company Overview of Momondo Group Ltd". Bloomberg. Retrieved August 24, 2016.
  3. ↑ Reynolds, Anna (26 January 2016). "Nelson Bostock Wins UK Corporate PR Brief For Cheapflights Owner Momondo Group". PRWeek. Retrieved August 24, 2016.
  4. ↑ Braithwaite, Tom (26 July 2006). "A Start-Up That Took to the Skies". Financial Times. Retrieved August 24, 2016.
  5. ↑ Armstrong, Ashley (18 July 2014). "Cheapflights Owner Heads For £150m Sale After Expedia Approach". The Telegraph. Retrieved August 24, 2016.
  6. ↑ "Milestones". Cheapflights. Retrieved August 24, 2016.
  7. ↑ May, Kevin (29 March 2011). "Cheapflights Invests in Momondo, Axes Zugu". Tnooz. Retrieved August 24, 2016.
  8. ↑ Wauters, Robin (29 March 2011). "Cheapflights Invests in Travel Meta-Search Site Momondo". TechCrunch. Retrieved August 24, 2016.
  9. ↑ Hayhurst, Lee (12 November 2012). "Cheapflights Plans for Overseas Expansion With Corporate Rebrand". TravelWeekly. Retrieved August 24, 2016.
  10. ↑ Schaal, Dennis (17 October 2014). "Cheapflights Owner Momondo Group Gets $130 Million in Funding from Great Hill". Skift. Retrieved August 24, 2016.
  11. ↑ Schaal, Dennis (19 May 2016). "Momondo Group Notches $30 Million in Q1 Revenue, Thinks It's Entered Top Tier". Skift. Retrieved August 24, 2016.
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