FCM Travel Solutions strengthens its innovation program with investment in Shep
FCM Travel, one of the world’s largest travel management companies, today announced it has made a minority investment in Shep, the award-winning browser extension technology that assists companies with better management of travel purchased outside of their corporate travel policies.
Shep is the latest initiative joining recent similar investments and acquisitions made by the company that include Sam, FCM’s Personal Travel Assistant, and 30SecondsToFly with its AI powered chat booking platform, to help foster additional product innovation for FCM in the business travel space. FCM plans to incorporate Shep’s technology into the next generation of its platform offering.
Founded in 2016, Shep helps companies improve travel program savings, compliance and safety by monitoring activity on over 70 consumer travel sites. In addition to tracking, Shep's advanced browser extension approach can also enforce policy at the point of sale and link to client analytics and duty of care programs.
“We’ve had a long relationship with the Shep team and have enjoyed following their success.“ said John Morhous, Chief Experience Officer for FCM, “We’re excited to leverage some of this technology into our platforms, as we feel the browser extension is a simple and elegant solution to a problem many of our customers face, which is gaining visibility over spend on travel that happens outside of the managed programs they provide.”
“Even in our early days, John and the FCM team immediately recognized and valued Shep's potential to solve a major pain point in the business travel market," said Daniel Senyard, CEO and co-Founder of Shep. “We are very excited to be partnering more deeply with such an innovative team to support and create more sophisticated, empowered, and educated business traveler programs.”