SilverRail Technologies: SilverRail Technologies secures $5 million investment

SilverRail Technologies, the Boston and London based technology provider of passenger rail ticketing solutions, has announced an injection of $5 million (USD). The cash infusion, from existing investors, is targeted to expand SilverRail's capacity to integrate with new rail carrier inventory systems and bring online additional content into the world's first truly global rail ticket distribution system.

Aaron Gowell, CEO and co-founder of SilverRail said: "The response from train operating companies has been overwhelming. This investment allows us to accelerate new connections and enables train operators to more quickly and efficiently connect to their customers wherever they may be."  SilverRail is currently connected to UK rail, Amtrak in the USA, Via Rail Canada and the rail system in the Benelux countries, with several new supplier connections in process.

SilverRail Technologies' SilverCore is the only platform to offer a universal rail API, where different rail content can be accessed by simply changing station codes. By using SilverCore, distribution partners are able to maximize their investment and return by focusing on selling rail on its own or as part of a package while SilverRail handles the underlying complexities of each rail operator's ticketing scheme.

This investment round was led by PAR Capital, one of the largest investors in travel and a lead investor in ITA Software, recently sold to Google. Other investors include Sutter Hill, Grandbanks Capital, Brook Ventures and Accel Partners.

About SilverRail Technologies:
Founded in 2009, SilverRail connects the world of rail by building best-in-class technical solutions that help railways and travel distributors easily connect with each other. SilverRail provides the underlying technology platform that enables the consolidation of global rail into a single system, removing the complexity of selling rail, irrespective of the operators, geographies and currencies. Co-founders Aaron Gowell (CEO) and Will Phillipson (EVP Product Strategy) are travel ecommerce experts whose history goes back to the founding days of online travel. The team previously worked together to found and build one of the largest travel technology and distribution companies in the U.S.: National Leisure Group (NLG), a $1 Billion ecommerce leader in vacation and cruise travel.http://www.silverrailtech.com/

For further information contact
EMEA
Vojtech Horna
Atomic PR
+44 (0) 207 282 2901
vojtech@atomicpr.com 

US
Pamela Johnston
Cloud 12 PR
+1 646 918 8812
pamela@cloud12pr.com