Mondee Inc. Acquires Cosmopolitan Travel Service (CTS)

Mondee Acquires Skypass Travel

August 15, 2023

Transportation

Mondee Holdings, Inc. has acquired Skypass Travel, Inc. for approximately $15 million in a cash-and-stock transaction (including $3 million cash and the remainder in Mondee stock at $10 per share, with potential additional stock upon achievement of growth targets). Skypass, a U.S.-based wholesale and corporate travel services provider with corporate clients across the U.S., Europe and India and 2022 revenue of $45 million, will be integrated into Mondee's digital travel marketplace to expand Mondee's corporate bookings, supplier contract access and additional platform features.

Mondee Holdings Acquires Rocketrip

September 9, 2020

Cloud & SaaS

Mondee Holdings has acquired Rocketrip, a New York–based behavioral business travel technology provider. The acquisition will allow Rocketrip to operate as a standalone business while leveraging Mondee’s global travel technology platform and infrastructure to scale its corporate travel behavior-change SaaS to a broader international customer base.

Tabhi Acquires Mondee Holdings Out of Chapter 11 Restructuring

April 4, 2025

AI & Machine Learning

Tabhi Inc. acquired substantially all assets of Mondee Holdings, Inc. as part of Mondee's Chapter 11 restructuring, with new equity and credit support from affiliates of TCW Asset Management, Morgan Stanley Investment Management and Wingspire Capital. The transaction reduced Mondee's debt, strengthened liquidity, and resulted in Prasad Gundumogula taking a majority equity stake while Tabhi named Kumar R. Parakala CEO of North America to accelerate AI-powered travel offerings.

Direct Travel Acquires Professional Travel

January 14, 2020

Professional Services

Direct Travel announced on January 14, 2020 that it has acquired Professional Travel, a Cleveland-based corporate travel management company. Professional Travel, founded in 1963 with more than 175 employees and approximately $448 million in combined sales, will retain its executive leadership and be integrated into Direct Travel to deepen North American presence and expand service offerings for mid-market clients.

ITHAX Acquisition Corp. Completes Business Combination with Mondee

July 18, 2022

Cloud & SaaS

ITHAX Acquisition Corp. completed its business combination with Mondee Holdings II, Inc., and ITHAX was renamed Mondee Holdings, Inc.; Mondee began trading on the Nasdaq under the ticker MOND on July 19, 2022. The transaction provides Mondee with public-market access and capital to accelerate organic and inorganic growth of its travel technology and marketplace platforms.

Communication Technology Services (CTS) Acquires ClearSky Technologies

January 21, 2020

Telecommunications

Communication Technology Services (CTS), a U.S. provider of in-building and campus wireless solutions, has acquired ClearSky Technologies of Orlando, Florida to expand its managed services portfolio. The deal adds ClearSky's private LTE/5G managed services (including its Forte product for DAS integration) and positions CTS to offer managed private LTE and 5G services to enterprise customers nationwide.