Newspaper article St Louis Post-Dispatch (MO)

Enterprise Holdings Buying Silcon Valley Tech Firm Deem

Newspaper article St Louis Post-Dispatch (MO)

Enterprise Holdings Buying Silcon Valley Tech Firm Deem

Article excerpt

Clayton-based rental car giant Enterprise Holdings is expanding by acquiring San Francisco-based Deem, a tech firm whose technology is used by business travelers, travel managers, travel management companies and suppliers.

Financial terms of the deal slated to close in the first quarter of this year were not disclosed.

More than 50,000 corporate customers use Deem's software, and the infusion of capital by Enterprise will allow it to expand its product development, the companies said.

"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," Greg Stubblefield, Enterprise's executive vice president and chief strategy officer, said in a statement. …

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