Deem, Inc. is a technology company specializing in corporate travel management software. Headquartered in Silicon Valley, California, with additional offices in Bangalore, India, and Dublin, Ireland, Deem provides a suite of intuitive, secure, and powerful travel booking and management tools designed to enhance productivity and control costs for businesses. The platform integrates seamlessly with travel management companies and expense providers, offering features like travel booking, expense reporting, and mobile capabilities. Deem's solutions are built to help employees make better travel decisions, stay connected, and comply with corporate travel policies effortlessly, ultimately leading to cost savings and increased employee satisfaction.
Deem Inc. was founded in 1999 and is headquartered in Oakland, California. Initially known as Rearden Commerce, the company has undergone significant transformations over the years, including a rebranding and a strategic refocus on corporate travel and expense management solutions. Deem has grown steadily, leveraging its cloud commerce platform to connect a diverse ecosystem of customers, merchants, and partners.
Deem has raised a substantial amount of funding over its history, totaling approximately $543.62 million. Notable funding rounds include venture rounds in 2013 and 2016, and a private equity round in 2014. In 2020, Deem's valuation was reported to be around $1.4 billion. The company was acquired by Travelport in March 2023, although the terms of the transaction were not disclosed.
Deem specializes in corporate travel management software, offering a suite of tools designed to streamline the travel booking and management process for businesses. Key features include:
Travel Booking and Management: Deem's platform allows employees to book and manage their travel, integrating with various travel management companies and expense providers.
Mobile Technology: The platform includes mobile capabilities, enabling users to make travel decisions on the go.
Customizable Travel Programs: Travel managers can tailor travel programs to meet specific company policies and control costs effectively.
Integration with Corporate Cards and Expense Reporting: Deem integrates travel booking with corporate cards and expense reporting, enhancing compliance and simplifying administrative processes.
Deem has made strategic acquisitions to bolster its product offerings and expand its market presence. Noteworthy acquisitions include:
Whisk: Acquired to enhance Deem's car service back-end capabilities, although this business was later sold to focus on travel management.
Olset: Acquired in 2016 to improve data and personalization capabilities for business travel booking.
In 2023, Deem was acquired by Travelport, which has since integrated Deem's platform with Travelport+ to provide a comprehensive corporate travel retailing experience.
Deem has also added an electric car badge to its car rental search functionality. This feature allows travelers to easily identify and select electric vehicles, promoting environmentally friendly travel options. Furthermore, the software has expanded its non-stop flight search capabilities. When no results are found within a specified time range, the search will automatically expand to show all available non-stop flight options, providing users with more flexibility and choices.
Deem emphasizes a culture of innovation, customer satisfaction, and employee engagement. The company has received accolades for its diversity and inclusion initiatives, including a Stevie Award for its Diversity and Inclusion campaign. Deem's focus on creating intuitive, secure, and powerful solutions aims to enhance employee productivity and satisfaction, which in turn benefits the companies they serve.
Deem serves a wide range of customers, from small businesses to large corporations. As of 2020, Deem had approximately 50,000 customers globally. The company's user base includes business travelers, travel managers, and travel management companies, all of whom benefit from Deem's integrated travel and expense solutions. Deem's platform supports global customers in more than 60 countries, reflecting its extensive reach and influence in the corporate travel industry.
