Kayak.com

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KAYAK
KAYAK logo.png
Type Subsidiary of Priceline.com
Founded 2004 (2004)
Headquarters Norwalk, CT, USA
Area served Worldwide
Founder(s) Steve Hafner, Paul M. English
Key people Steve Hafner
(Co-founder) & (CEO)
Paul M. English (technologist)
(Co-founder) & (CTO)
Joel Cutler
(Director)
Michael Moritz
(Director)
Terry Jones
(Chairman)
Industry Travel, Internet
Revenue $224.5 million (2011)[1]
Employees 133 (2011)[1]
Subsidiaries SideStep, Swoodoo, Checkfelix.com
Website kayak.com
sidestep.com
Alexa rank 772[2]
Available in English (US, UK, India), Danish, Finnish, French, German, Italian, Norwegian, Spanish & Swedish
Launched 2004-05-05 (Alpha) [3]
October 2004 (2004-10) (Public Beta) [3]
February 7, 2005 (2005-02-07) (2005-02-07) [3]

Kayak.com is a travel metasearch engine operated by the Kayak Software Corporation (or KAYAK).[4] The company also provides related services and operates KAYAK.co.uk, checkfelix.com, and swoodoo.com. The company was acquired by Priceline.com on November 8, 2012.

Company background[edit]

History[edit]

Cofounders of Expedia, Travelocity and Orbitz formed KAYAK in 2004.[5]

The company was originally incorporated in Delaware in 2004 under the name Travel Search Company, Inc. The name was later changed to Kayak Software Corporation in August 2004.[6]

In December 2007, KAYAK raised $196 million in a new round of financing from a group of investors, including General Catalyst Partners, Sequoia Capital, Accel Partners, and Oak Investment Partners. Using that funding, KAYAK acquired SideStep, a competing US travel website.[7]

On March 5, 2010, KAYAK sold certain assets related to the website www.travelpost.com and its travel information business to The New Travelco, Inc., a Delaware corporation, which subsequently changed its name to Travelpost, Inc.[8]

In May 2010, the swoodoo brand, a leading travel search platform in Germany, was acquired.[9]

In November 2010, KAYAK filed its S-1 with the SEC aiming to raise $50 million in an IPO on the NASDAQ stock exchange.[10]

In January 2011, KAYAK closed down SideStep and redirected SideStep traffic to KAYAK.com.[11]

In March 2011, KAYAK began providing results in the U.S. version of Bing from multiple cities, airports and airlines in Bing's travel search section.[12]

In April 2011, KAYAK acquired all of the outstanding shares of JaBo Vertrieb-und Entwicklung GmbH, or JaBo Software. JaBo Software operates checkfelix.com, a leading travel metasearch website in Austria.[13]

In July 2012 the company announced it would expand into Russia.[14]

On July 20, 2012 Kayak officially went public, trading under the name KYAK. On its first day of trading, Kayak opened up at $26/ - higher than originally expected and closed at $33.18/share.[15]

On November 8, 2012 Kayak was acquired by Priceline.com for $1.8B.[16]

On September 25, 2013 it was announced that the State of Connecticut would assist KAYAK with a $2.5 million loan to help facilitate their move to the Harbor Point district of Stamford. [17]

Co-founders[edit]

KAYAK was founded in 2004 by Steve Hafner and Paul M. English. Hafner currently serves as KAYAK’s chief executive officer, and English, the chief technology officer. Before KAYAK, Hafner helped found Orbitz in November 1999 and led its business development, advertising sales, marketing, and product marketing activities.[18]

Prior to co-founding KAYAK, English co-founded Boston Light Software, a small business ecommerce platform that was sold to Intuit where he served as vice president of technology.[19]

Reception[edit]

Recognition[edit]

Time named KAYAK to its list of the 50 Best Websites of 2009.[20]

At The Webby Awards, KAYAK received the People’s Voice award in the travel website category in 2008, the Webby Award in the travel website category in 2009, the People’s Voice award in the mobile travel app category in 2011,[21] and three more awards in 2012: both the Webby and People's Choice awards in the travel website category and the People's Voice award in the mobile travel app category.[22]

All-American Muslim advertising[edit]

In December 2011 KAYAK announced that it would not renew a contract to advertise on the TLC reality television show All-American Muslim. The decision followed a campaign by the Florida Family Association, a one-man fundamentalist organization "on the Christian right" that says it's "defending American values."[23][24][25][26] KAYAK chief marketing officer Robert Birge wrote that TLC "was not upfront with us about the nature of the show" which "sucked"[27] in an explanation posted to the KAYAK website entitled "We Handled This Poorly."[28]

References[edit]

  1. ^ a b Rao, Leena (March 9, 2012). "Eyeing An IPO, Kayak 2011 Revenue Up 32 Percent To $225M; Net Income Up 21 Percent". Techcrunch. Retrieved 7 April 2014. 
  2. ^ "KAYAK.com - Traffic Details". Alexa. Retrieved 2011-07-22. 
  3. ^ a b c "Corporate Backgrounder". KAYAK.com. Retrieved 2009-03-06. 
  4. ^ "Kayak.com: Private Company Overview". Business Week. Retrieved December 26, 2011. 
  5. ^ "KAYAK CrunchBase Profile". CrunchBase. October 23, 2011. Retrieved January 9, 2012. 
  6. ^ "Kayak.com Company Overview". Bloomberg Businessweek. Retrieved January 9, 2012. 
  7. ^ Arrington, Michael (December 20, 2007). "Breaking: Kayak Raises $196 Million, Buys Rival SideStep". TechCrunch. Retrieved January 9, 2012. 
  8. ^ Schaal, Dennis (February 11, 2011). "Kayak has stake in TravelPost rollout". Tnooz. Retrieved January 10, 2012. 
  9. ^ Zinnagl, Lukas (May 6, 2010). "Kayak swoops on German travel search engine Swoodoo [Updated]". Techcrunch. Retrieved January 10, 2012. 
  10. ^ Ostrow, Adam (November 17, 2010). "Travel Search Engine Kayak Files for IPO". Mashable. Retrieved January 10, 2012. 
  11. ^ Womack, Brian (May 27, 2011). "Kayak Software Quarterly Sales Rise on Online Travel Demand". Bloomberg. Retrieved January 10, 2012. 
  12. ^ Duryee, Tricia (March 4, 2011). "Bing Picks Kayak for Travel Search Partnership". All Things D. Retrieved January 10, 2012. 
  13. ^ Taylor, Colleen (May 27, 2011). "Poised for IPO, Kayak Reports Sales Boost and Global Growth". Gigaom. Retrieved January 10, 2012. 
  14. ^ Perez, Sarah (Jul 20, 2012). "Kayak Is Headed To Russia". Techcrunch. Retrieved 7 April 2014. 
  15. ^ Empson, Rip (Jul 20, 2012). "That’ll Fly: Kayak Closes IPO Day With Shares Up Nearly 30% And Market Cap Over $1.2B". Techcrunch. Retrieved 7 April 2014. 
  16. ^ PANZARINO, MATTHEW. "Priceline.com acquiring travel company KAYAK for $1.8B in a deal that includes $500M in cash". The Next Web. Retrieved 7 April 2014. 
  17. ^ "KAYAK to Expand and Create 50 Jobs in Stamford". Connecticut Department of Economic Development,. October 7, 2013. Retrieved 7 April 2014. 
  18. ^ "Steve Hafner General Catalyst Entrepreneur Page". General Catalyst. Retrieved January 13, 2012. 
  19. ^ Welch, Liz (February 1, 2010). "The Way I Work: Paul English of Kayak". Inc. Retrieved January 13, 2012. 
  20. ^ Fisher, Adam (August 24, 2009). "50 Best Websites 2009". Time. Retrieved January 17, 2012. 
  21. ^ "KAYAK Webby Awards 2011". The Webby Awards. Retrieved January 13, 2012. 
  22. ^ "KAYAK Webby Awards 2012". The Webby Awards. Retrieved June 1, 2012. 
  23. ^ The 2010 federal tax forms for the Florida Family Association list Mr. Caton as its only paid employee, earning $55,200. Source:Freedman, Samuel G. (December 16, 2011). "Waging a One-Man War on American Muslims". The New York Times. Retrieved 22 July 2012. 
  24. ^ Freedman, Samuel G. (December 16, 2011). "Waging a One-Man War on American Muslims". The New York Times. Retrieved 22 July 2012. 
  25. ^ Stenovec, Timothy (July 10, 2012). "Florida Family Association Launches Campaign Against Marvel Comics Over Same-Sex Marriage In 'Astonishing X-Men'". Huffington Post. Retrieved 22 July 2012. 
  26. ^ Diaz, Johnny (December 14, 2011). "Kayak won’t renew ads on Muslim TV show". Boston Globe. 
  27. ^ Elliott, Stuart (December 14, 2011). "Kayak Defends Cutting Ties to ‘All-American Muslim’". Media Decoder. 
  28. ^ Birge, Robert. "We Handled This Poorly". Kayak.com. Archived from the original on December 15, 2011. Retrieved December 15, 2011. 

External links[edit]