Mondee Holdings Acquires AI Company Purplegrids

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.

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.

Gruve Acquires Lumos Cloud

October 22, 2024

IT Services

Gruve, an AI-driven solutions provider based in Redwood City, California, has acquired Lumos Cloud, a network consulting and training firm specializing in software-defined networking (SDN) and automation. Gruve also announced a strategic partnership with Gluware to integrate intelligent network automation into its service offerings, expanding Gruve's capabilities in cloud, network automation, cybersecurity and managed services.

Monda Acquires Amplify Data

May 13, 2025

Data & Analytics

Monda, a data monetization SaaS platform, has acquired Amplify Data, a no-code data delivery platform that automates customizable data product delivery across clouds and marketplaces. The acquisition integrates Amplify’s delivery and provisioning technology into Monda’s data commerce platform to expand its capabilities for secure, scalable, cloud-agnostic data sharing for AI.

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.

Addison Group Acquires Mondo

January 11, 2019

Staffing & HR

Addison Group has acquired Mondo, a national provider of technical and digital marketing staffing, from RLH Equity Partners. The deal expands Addison’s professional services and technical staffing capabilities, adding Mondo’s expertise in digital, CRM, business intelligence and IT talent to Addison’s portfolio.