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Follow on Google News | Catapult Advisors advises EveryTrail on sale to TripAdvisorCatapult Advisors LLC announced today the sale of its client, EveryTrail®, a leading provider of mobile travel guides, to TripAdvisor®, the world's largest travel site and an operating company of Expedia, Inc. .
The transaction was driven by a common belief by both EveryTrail and TripAdvisor management that travelers increasingly wish to consume and create travel information while on-the-go. According to Adam Medros, vice president of global product for TripAdvisor, "EveryTrail bolsters our continued commitment to grow TripAdvisor's mobile offering, and enable travelers to access walking tours, city guides and hiking trails directly from their smartphones." Remarked EveryTrail CEO Joost Schreve, “Like TripAdvisor, EveryTrail is possible because of a global community of travelers who share their stories every day. The mobile platform that we provide lets travelers turn these stories into highly engaging mobile travel guides that help other travelers enjoy their trips even more." According to Schreve, "Catapult served as a trusted partner throughout the transaction. At every step of the process, they provided valuable advice and helped us navigate our way through some very important decisions. Our employees, investors and customers are thrilled with the outcome and we look forward to continued growth and innovation as part of TripAdvisor.” About EveryTrail The next generation EveryTrail iPhone and Android apps let users search, download, navigate and share trips while on the go. Users can explore hundreds of premium Guides and more than 500,000 user-generated trips from over 140 countries. At the same time, travelers can record and instantly share experiences on EveryTrail and other social sites, such as Twitter and Facebook. The company is headquartered in Palo Alto, California and is online at EveryTrail.com. About TripAdvisor TripAdvisor® TripAdvisor- About Catapult Advisors LLC Catapult Advisors is an investment bank and M&A advisory firm serving the software and internet sectors. Founded in 2001, the firm provides both sell-side and buy-side representation to privately-held companies, public companies, and several of the world's leading private equity firms. Catapult has advised and guided software and internet companies in the United States, Canada, Europe, Asia Pacific, and Israel. For more information, visit http://www.catapultadvisors.com/ CONTACT: Ron Lissak of Catapult Advisors LLC, +1-415-593-4520 Web site: http://www.catapultadvisors.com/ # # # Catapult Advisors is an investment bank and M&A advisory firm serving the software and internet sectors. End
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