Expedia Corporate Travel is changing its name and taking a Mississauga-based travel company with it. Expedia announced Monday it had purchased Mississauga-based Synergi Global Travel Management. The new name will be Egencia. 

July 2, 2008 09:40 AM - Expedia Corporate Travel, part of global travel giant Expedia, Inc., has acquired Mississauga-based Synergi Global Travel Management, a Canadian corporate travel management, meeting and incentives company.
The announcement was made Monday.
Simultaneously, Expedia Corporate Travel is changing its name to Egencia, with the aim of extending its Canadian presence. Synergi is Egencia’s first Canadian acquisition.
“The rebranding of our company as Egencia in conjunction with the Synergi acquisition represents the next natural step in our evolution and a sign of our investment in the Canadian corporate travel market,” said Omar Ahmad, managing director of Egencia Canada. “Synergi’s local market knowledge, customer relationships and meetings and incentive offering, combined with Egencia’s award-winning technology and first-class customer service will enable us to bring more value to our customers now, and in the future.”
Expedia, Inc. is the largest online travel agency in the world, the third-largest travel company in the U.S. and the fourth-largest travel company in the world.
Under terms of the acquisition, Synergi president, Donald McLean, and executive vice-president, Gina Baldoni, will join Egencia Canada’s management team. The customer service centre will remain in Mississauga.
“Egencia will enable Synergi to offer clients leading online booking and reporting tools as well as global corporate travel support,” said McLean. “This will complement Synergi’s outstanding corporate agent team, customer service centre, and strong meeting and incentive offering.”
Terms of the transaction were not disclosed. The transaction will close in mid-July.

Source : mississauga.com