The future of travel tech company PSNGR1 is uncertain
The future of US-based travel booking platform PSNGR1 is uncertain after TMC partners were told last week that current activity was to be halted due to a lack of funding.
In the UK, the company signed a partnership with TakeTwo Travel Solutions last November, and more recently agreements with Gray Dawes Group, Blue Cube Travel and the Focus Travel Partnership.
Three of the organizations confirmed that the company had communicated the situation to them. PSNGR1 CEO Chris Moss has been approached for comment, but no response has been provided at the time of publication.
Warren Dix, Commercial Director of Gray Dawes, said: “They contacted us last week to say they had not secured the funding they needed to continue. It’s a great product and we hope they get the investment they need.
He added: “It was quite surprising, but we didn’t invest any time or resources in implementing it with clients, so we didn’t lose anything there.”
Abby Penston, CEO of Focus, added: “We are saddened to hear the news regarding PSGNR1. We very recently signed an agreement with them, but none of our TMC partners had taken the product yet.
TakeTwo acknowledged that PSNGR1 had been in contact but was awaiting further update on the situation. Like others BTN Europe has spoken to, the TMC has not onboarded any UK based customers and will continue to work agnostically with other existing booking tool partners.
All organizations contacted by BTN Europe praised the technology, with one source speculating the technology could be a compelling buy for a GDS or TMC that lacks a proprietary booking platform.
PSNGR1 won the audience award at BTN Group’s annual Innovate event last October.