Deem confirmed the departure of founder and CEO Patrick Grady, along with a new round of funding.
Tony D'Astolfo has unfinished business. And so, he will return to Deem next week as chief commercial officer to oversee sales, marketing and customer relations as part of the San Francisco-based travel tech company's latest reinvention.
Concur last week notified Deem that it no longer would integrate ground transportation content from the Deem Ground system, according to a fiery blog post by Deem CEO Patrick Grady.
Deem, formerly known as Rearden Commerce, this week made a series of announcements that point to a reinvention.
Deem filed a lawsuit against Travelport in a U.S. district court in California this week over a disputed payment structure related to their Deem ground service agreements. The lawsuit will not immediately impact Travelport subscribers' access to Deem's ground platform, which connects ground transportation service providers with intermediaries and buyers.
Rearden Commerce on Friday eliminated 21 positions as part of a restructuring that focuses resources on the "overwhelming" demand for the company's "syndicated commerce" offerings, according to founder, chairman and CEO Patrick Grady.
The Beat Sheet is an occasional collection of notes, quotes, musings, tips, reader comments and other tidbits from The Beat's writers.
Rearden Commerce CEO Patrick Grady always has been highly quotable, but recently it seems his zinger machine is on high. "It's not bravado," Grady said in the midst of calling TripIt and the like just a "feature" rather than a real business. In June, he talked about how he thinks booking tools were commoditized and has since said "They're all going away." Speaking about Rearden's new partnership with Carlson Wagonlit Travel, Grady made some, well, interesting comments about his company's ot