SOR Technology, LLC

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SOR Technology, LLC - overview

Established

2004

Location

Carlsbad, CA, US

Primary Industry

Software

About

SOR Technology, LLC specializes in travel loyalty solutions, delivering comprehensive rewards programs to businesses across various sectors, enhancing customer engagement and brand loyalty through innovative technology and personalized marketing strategies. Founded in 2004 and headquartered in Carlsbad, US, SOR Technology, LLC focuses on developing advanced travel loyalty solutions. The company has been involved in 2 deals and recently raised USD 24. 00 mn in an Add-on funding round led by Arrivia, Inc.


The founder's history is currently unavailable. SOR Technology, LLC offers a robust travel loyalty platform that provides businesses with tools to implement customized travel rewards programs. Their platform supports a diverse range of clients, including those in the cruise, hotel, and financial industries, allowing them to enhance brand loyalty and increase revenue through personalized marketing efforts, backed by a global network of over 1 million hotels and 700 airlines. In 2018, SOR Technology, LLC reported a revenue of USD 30.


00 mn and an EBITDA of USD 10. 00 mn, with revenue primarily generated through B2B partnerships and subscription-based models that enable clients to leverage SOR's technology for customer engagement and retention. Moving forward, SOR Technology, LLC aims to expand its product offerings, targeting the launch of new features designed to enhance customer experience in the travel loyalty space. The company is also exploring opportunities to penetrate new markets in Europe and Asia by 2025.


Recent funding will be utilized to support these expansion initiatives, including technological enhancements and marketing efforts surrounding their loyalty solutions.


Current Investors

Arrivia, Inc., Moelis Capital Partners

Primary Industry

Software

Sub Industries

Travel & Tourism, IT Infrastructure, Application Integration Software, Content Management Software, Sales & Marketing Software

Website

www.sortechnology.com

Verticals

Cloud Computing, FinTech

Company Stage

Add-on

Total Amount Raised

Subscriber access only

SOR Technology, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedSOR Technology, LLC-
BuyoutCompletedSOR Technology, LLC-

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SOR Technology, LLC - employee data

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