Monday, March 25, 2019

Rizzo Deem CEO John Rizzo St. Louis—Enterprise Holdings today announced its intent to acquire San Francisco-based Deem, a managed-travel technology platform that includes Deem Work Fource and Deem Ground Work. This suite of online booking and travel technology products is geared for business travelers, travel managers, travel-management companies, and suppliers.

More than 50,000 corporate customers and the world’s largest travel-management companies already use Deem’s travel and ground transportation software. Upon final acquisition, this transaction would provide Deem with an infusion of capital and resources to help further expand its product roadmap and increase the pace of product development and enhancements.

"Deem’s combination of intellectual property and tech talent represents a significant opportunity for Enterprise Holdings to further enhance and expand our portfolio of services," said Enterprise Holdings Executive Vice President and Chief Strategy Officer Greg Stubblefield.

Enterprise Holdings, which owns the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands, is the world’s largest car rental company, serves more than 95 percent of the worldwide car rental market, and has been a minority investor in Deem since 2016.

Enterprise Holdings Executive Vice President and Chief Strategy Officer Greg Stubblefield Enterprise and Deem have been working together to bring travel and ground transportation solutions to customers. Since 2011, Deem has provided the technology behind Enterprise Holdings’ EHIDirect travel booking platform for small and medium-sized corporations. Most recently, Enterprise and Deem partnered together to offer National Car and Driver in China through the National Car Rental brand.

Through Work Fource, Deem provides access to innovative travel technology that makes the corporate travel booking and travel experience more efficient for travelers, corporations and their travel agency partners. Additionally, Deem’s Ground Work platform provides a suite of online tools for booking pre-reserved ground transport for corporations and travel management companies.

The acquisition is expected to close in the first quarter of 2019 after satisfaction of customary closing conditions. Deem will continue to operate autonomously from its Silicon Valley headquarters and offer its suite of business travel technology including air and hotel as well as ground transportation options across major rental car, black car, ride-hailing and rail service providers. John Rizzo will remain in his role as CEO, as will the rest of the Deem executive team.

“We know the industry wants travel management solutions that transform the traveler experience, while lowering corporations’ costs,” said Rizzo. "We will continue that mission to provide travelers with a streamlined platform that predicts what they want and need, and that works tirelessly for them in the background.”

Deem Chairman Krish Panu and managing partner of Deem investor, PointGuard Ventures, added, “It has been a privilege to have co-invested with Enterprise Holdings in Deem. With Enterprise’s capital and scale, Deem can expand its team and resources to drive its pace of innovation at a much faster rate.”

Enterprise Holdings is owned by the Taylor family of St. Louis and, as a privately held business, will not disclose financial terms of the Deem acquisition. However, Enterprise Holdings’ acquisition and corporate venture-capital strategy continues to focus on technologies and business models that not only can accelerate industry-leading transportation solutions, but also customer satisfaction in a rapidly changing marketplace. 

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Hy’s Limousine Vice President Matt Levine on Eyewitness News 3 in Connecticut West Haven, Conn. — Hy’s Limousine Worldwide Transportation has been put in the local spotlight for taking steps to assist federal workers affected by the seemingly endless government shutdown. The luxury ground transportation provider was recently featured on Connecticut’s Eyewitness News 3 offering part-time work for those furloughed without pay.

Hy’s Vice President Matt Levine was interviewed on-air at the company’s headquarters by reporter Matt McFarland.

“It’s pretty frustrating and I think most people feel helpless, there’s not really much you can do about it, it’s out of our hands,” said Levine. “You see on the news where restaurants are opening up for different meals, offering things up and we just kind of thought, ‘hey, what can we do?’.”

Levine stated that the operation, which has three locations in West Haven, New Britain, and Greenwich, has part-time positions available for those looking to make money.

“We always have part time jobs available; we sort of have a rolling hiring process,” Levine told McFarland. He also pointed out that positions are open across the company, including in the garage, office, reservations, dispatch, and accounting departments, and of course, chauffeurs.

According to Levine, applicants can visit any of Hy’s three locations in person or apply online.

“If we can help one person, then fantastic,” he said.

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Best-VIP Director of Business Development Brian Webber Santa Ana, Calif. — BEST-VIP Chauffeured Worldwide of Orange County, Calif., is adding two industry veterans to their growing motorcoach and group destination support team. The company named Brian Webber as director of business development and Hakan Yavuz as director of bus operations.

“Our coach business has been steadily growing since 2008, and with the integration and acquisition of our nearest competitor more than 3 years ago, we needed to add some depth to position ourselves for our next growth stage,” stated BEST-VIP Founder Robert Vaughan.

Webber is a native of Southern California with over 20 years’ experience in motorcoach transportation. He brings strong industry relationships and impeccable organizational skills to the growing BEST-VIP team.

“I am super excited to be a part of Robert’s Team at BEST-VIP,” said Webber. “Robert, Todd, and their staff have done a great job establishing a culture dedicated to safety, quality, and 100 percent dedication to customer service. The service level here is over the top, and I am confident my clients are going to love the quality of service we provide.”

Best-VIP Director of Bus Operations Hakan Yuvuz Yavuz, a native of Istanbul who has been in Southern California for more than 15 years, where he was the director of operations for a large motorcoach company. He prides himself on being efficient while focusing on maximizing fleet utilization and has excellent insight on environments that support over 100 chauffeurs while being extremely familiar with CHP, DOT, and FMCSA regulations

“Safety is the name of this game,” said Yavuz. “I love motorcoaches and working with the drivers, but at BEST-VIP they are not just drivers, they are true chauffeurs.  I am excited to work here with what Robert Vaughan has built. I am amazed at how clean they keep every piece of their equipment — I love it!”

Vaughan is excited about the experience and value that Webber and Yavuz are bringing to the BEST-VIP team.

“Brian is already helping us grow the sales side, while Hakan is bringing new safety, efficiency and regulatory experience. Brian and Hakan, combined with our seasoned team, will help us grow naturally and through acquisitions.”

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