(new age harp music)
[Interviewer] We're here at Phocuswright 2017
in the US the big conference.
We're talking to Nishank from Triposo.
Nishank it's been a big year for you,
tell me about your big summer news let's say.
- Yeah I think it's been really exciting for us.
So we just announced a little under a month back
to be acquired by musement.
You know at Triposo we've been building a solid
travel recommendation platform, that's built on
machine learning, gives you great recommendations
and things to do in destination across nightlife,
you know sightseeing and a bunch of other categories.
And I think super exciting to sort of combine
with musement's transaction engine
and make both of these capabilities available
to consumers and online travel companies.
[Interviewer] So over to you musement.
Triposo pivoted at the beginning of the year
and is that what attracted you to them.
- Well actually on a broader scale,
we're doing in destination activities right
and we always focused on the transactional side
of things to provide a seamless booking experience.
But our vision has always been that the real
consumer pain point is not just on the booking element,
but on being able to know what might be relevant for you
wherever you are going.
First time in Barcelona,
yes it's important to be able to
book the Sagrada Familia,
but it's even more important to know what interesting
things might be there for you to book.
And Triposo perfectly fits in to that vision
and allows us to complete the execution of that vision.
So that was the key thing.
It was so interesting that it started
as a commercial conversation.
- Yeah
- We at the beginning over a year ago actually
we wanted to get access to their API's
to complement them on our product.
And then over time the more we talked about it
the more we realized it was such a good fit
between the companies that an M&A deal
might make more sense.
[Interviewer] Excellent.
So obviously we can see that the really good
fit there that Triposo brings.
What does it do now or what can you do with Triposo,
obviously you have a lot of marketing experience.
How will you develop the brand and the product?
- Well I think there are at least two things
on which we can help Triposo.
One is on the monetization of their B2C touchpoints.
Triposo was downloaded by over 10 million customers,
so you know it's really successful a B2C app,
and by providing their users our booking options,
we can have them monetized that user base.
The second element is that,
now when Nishank is going to talk
to travel companies by suggesting the idea that
with Triposo API's that can get access
to their intelligence.
We're also able again to provide transactional product
with the same API´s so basically we've merged the API's,
and now what can be available on musement B2C platform
can also be available to third-party
distributional partners.
[Interviewer] Any future acquisitions for you or is this
enough for the moment.
- I think it's for the moment I think,
as someone told me it's easy to acquire companies,
it's more complicated to make them work nicely together.
So now we're off to a good start
and we're really focused on that.
[Interviewer] Excellent so talk to me then about Phocuswright,
alright you are both here.
It's good for business it's good for networking.
How have you been getting on the last two days?
- Yeah it's really great for networking what I for
personally this is my third edition and I have to say
that every edition I have more and more
back-to-back meetings so I don't know next year
how we're gonna maybe I have to stay here six days
you know so I can take all the meetings,
so definitely great for networking and for the
opportunity for us being based in Europe
to meet also a lot of American companies,
so definitely the place to be for sure.
[Interviewer] And then outside of the Triposo deal,
what else is happening for musement at the moment?
- Well a lot of things I mean we are
borrowing technology in a way,
but we recently launched a new system to
dynamically locate tour guides who are products.
That's a very cool thing because it allows us
to have much more inventory than just
distributed third-party products.
That's one thing, second thing,
we recently announced that all of our suppliers,
approximately 4000 companies will be able to have
a booking engine on their own website managed by a platform.
So that's a lot really interesting.
So a lot of things on the product development side,
growing we're keep our growth.
Financials are looking good,
we have a very clear road for profitability,
so honestly so far so good.
I think we need to go on with the execution.
That's the key thing.
[Interviewer] Well thank you both for your time and we look
forward to catching up with you the next year.
- Thank you so much. - Thank you so much.
(new age harp music)
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