), an online travel research company, announced its acquisition
of GateGuru, a flight and airport information mobile app for an
New York-based GateGuru is a company that started its journey
in 2009. It provides information about airport layouts and
related amenities. The app includes weather updates, security
wait times, and real-time flight status information.
The acquisition will complement TripAdvisor's existing flight
product portfolio by providing flight information and other
related details on mobile. The enhancement to its offering will
help flyers to gather real time information on flight status,
weather and other airport data, which will improve efficiency,
thereby increasing profits.
TripAdvisor has an aggressive merger and acquisition strategy.
In March this year, the company acquired a mobile and social
startup, TinyPost, followed by JetSetter and then CruiseWise in
May. The company's acquisitions have helped it to develop a
desired portfolio, enhance its product line, boost its top line
and position itself in markets with better growth prospects.
TripAdvisor continues to witness robust top-line growth in
every quarter. The company delivered a decent first quarter, with
both earnings and revenues above the prior-year figures, helped
by a stronger travel market all over the world. Revenues were
$229.9 million, up 25.1% year over year driven by improvement in
all its product lines. TripAdvisor has also made a number of
acquisitions in recent months, which are helping it to build a
strong product portfolio and position itself in markets with
better growth prospects.
Currently, TripAdvisor has a Zacks Rank #3 (Hold). Other
stocks that have been performing well and are worth considering
Angie's List, Inc.
), all carrying a Zacks Rank #1 (Strong Buy).
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