FCM Travel Solutions has made a minority investment in Shep, a browser extension technology that assists companies with better management of travel purchased outside of corporate travel policies.
By monitoring activity on more than 70 consumer travel sites, Shep’s technology will help companies improve savings, compliance and safety. In addition to tracking, Shep’s advanced browser extension approach can also enforce policy at point of sale and link to client analytics and duty of care programmes.
FCM plans to incorporate Shep’s technology into the next generation of its platform offering, joining similar investments and acquisitions made by companies such as Sam :], FCM’s 24-hour personal travel assistant on mobile; and 30SecondsToFly with its AI-powered chat booking platform.
John Morhous, CEO of FCM, said in a statement: “We’re excited to leverage some of this technology into our platforms, as we feel the browser extension is a simple and elegant solution to a problem many of our customers face, which is gaining visibility overspend on travel that happens outside of the managed programmes they provide.”
According to PhocusWire, Shep was founded in 2016, and counts Capital Factory, Moonshots Capital, Plug and Play and former Travelocity Business president Ellen Keszler among its investors.