Verteil Technologies - Company Research Report

Company Overview

Name: Verteil Technologies

Mission: Verteil's mission is to spearhead the global adoption of Next-Generation Distribution Capability (NDC) technology among major airlines. They are committed to implementing NDC distribution technology, deploying the NDC booking engine, and offering the NDC Universal API to travel sellers across the globe.

Founded: 2016

Founders: Jerrin Jos, Satheesh Satchit

Key People:

Jerrin Jos (Founder & CEO)

Satheesh Satchit (Co-Founder)

Nevin Perumana (Grievance Officer)

Headquarters: 3rd Floor, Thapasya IT Building, Infopark Campus, Infopark, Kakkanad, Kochi - 682042, India

Number of Employees: 150+ as of 2023

Revenue: No information is available

Known For: Verteil Technologies is known for its New Distribution Capability (NDC) solutions aimed at replacing legacy airline distribution systems. They offer a direct connect distribution system based on IATA’s New Distribution Capability.

Products

Verteil Direct Connect (VDC)

High-Level Description:
Verteil Direct Connect (VDC) is a B2B travel portal that helps travel agents to search, book, and modify airline content. It offers direct, real-time connectivity with airlines using NDC APIs.

Key Features:

Full Shopping Capability: Allows searching and booking of flights.

Ancillaries: Including luggage, seats, meals, and more.

Branded Fares and Fare Family Types: Comprehensive options available.

Frequent Flyer Support: Full support for loyalty programs.

Multi-Payment Options: Credit card, cash, Agency wallet, Verteil wallet, Net banking, Paypal, etc.

On Hold: Option to pay later and book the flight.

Full Support for Post-Ticketing Services: Change, cancel, modify, void, and manage ancillaries.

VDC API for IATA Travel Agents: Includes a single luggage module that consolidates price, weight, and size allowances, branded fares in search responses, and automated booking retries and status checks.

Real-Time Reports: Detailed stats on booking processes, errors, and response times.

Solutions for Airlines

NDC Agency Portal:

Custom-made portals for airlines to onboard agencies, enabling the issuance of NDC tickets.

Airline’s Direct Connect API:

Direct API capability for airlines to distribute their content to OTAs.

NDC Payment and Settlement Solution:

Integration with IATA Financial Gateway (IFG) for simplified payment processes and cost savings.

NDC Aggregator Platform:

Unified access to the airline inventory in one UI for travel agents.

Recent Developments

2023

Air France and KLM NDC channels went live on VDC.

COPA Airlines offers live on VDC.

Launch of a specific support channel for the Middle East market.

Verteil team expands to 150 members.

2022

Exclusive NDC launch partner to Kenya Airways.

Rolled out NDC Payment & Settlement Solution using IATA Financial Gateway.

Qantas NDC content went live on VDC.

Won the Most Innovative Product of the Year Award at OTM 2022.

Expanded team to 100 members.

2021

Global launch partner for Qatar Airways' NDC Program.

Became NDC technology partner for dnata Travel Group.

Iberia and Cathay Pacific NDC content activated on VDC.

Finnair partnered with Verteil to expand its NDC distribution.

Oman Air NDC content available in VDC.

2020

Emirates Gateway NDC launch: Verteil became a certified partner.

Etihad Airways and Singapore Airlines partnerships for NDC distribution.

2019

Established Verteil Japan Incorporation.

Launched operations in China, Singapore, UK, & Europe.

Achieved IATA NDC Level 4 certification.

Partnerships

Strategic Collaborations: Established direct connect partnerships with over 40 airlines, including Aegean Airlines, American Airlines, United Airlines, Finnair, Air France-KLM, Austrian Airlines, Brussels Airlines, Cathay Pacific, British Airways, Etihad Airways, Emirates, COPA, and many more.

Certifications

IATA Airline Retailing Maturity Index Certification.

IATA NDC Level 4 Certification.

IFG Certification for NDC Technology.

Media Coverage

Numerous articles and press releases across notable platforms discussing ongoing partnerships and product launches.

This detailed market research report offers a comprehensive understanding of Verteil Technologies’ operations, products, and recent developments tailored for industry stakeholders, potential partners, and customers.