Building A Winning Business With The Cloud

Building A Winning Business

Momentum Ventures identifies successful business models and puts brilliant minds and natural leaders to work for amplified, competition-beating solutions. Deliberately focusing their innovation, the organization insists they are “not looking to reinvent the wheel”, but instead target thriving online industries that show no signs of decline. Their leaders are dedicated to absorbing the knowledge and skills in their environments, striving to carve out their own space, and they maintain that “passion is not optional”. With the online travel sector continually growing, Momentum Ventures has once again invested their enthusiasm and business processes into this industry with Alio.

Don’t Wait for Opportunity to Knock

Momentum Ventures CEO, Matt Keezer, discusses the initial consideration of the Alio opportunity. With the organization consistently exploring new opportunities for market and portfolio growth, he believes the expansion into the US market was their next logical move. “We know that our counterparts south of the border do very well, and we believed that we should enter once we felt that we could enter from a position of strength. With the experience of successfully launching FlightHub in Canada, we felt that the timing was right for us to take that next step and take on the American online travel space.”

Strategies & Development

Momentum Ventures is clear about the fact that they are not venture capitalists, owing to the belief that this investment space can typically be inefficient. With a team that feels connected to their work, Momentum Venture’s strategy is rather to invest in businesses and people in whom exceptional potential is evident. Says Keezer, “We take great pride in building all our businesses in-house in our Montreal office, and believe we have a lot to offer in terms of mentorship and business support services. At the end of the day, it’s about being hands-on with everything we do.”

Alio’s business unit leader, Peter LaPointe, points out that case studies and trials weren’t necessary for Alio’s business development, considering how much had already been learnt about the Canadian market and industry with the development and launch of FlightHub.

The potential in the US market for a full-service brand such as Alio was evident, and considering their wealth of experience, LaPointe affirms that Momentum Ventures was “comfortable going all-in with it.” With the future carefully mapped, the team built a successful strategy to exploit all likely potential, and of the progress of the overall development, LaPointe notes, “No surprises, really. We were well prepared to get into this marketplace.” The stable foundation of FlighHub smoothed the process and offered a tested strategy. Says LaPointe, “The only fundamental shift was that we decided to move onto the cloud using Amazon Web Services. That move allows us to scale our data needs as we grow, and helps avoid costly hardware expenses.”

Momentum Ventures has a host of successful businesses and a passionate team that continues to better and build their portfolio. Hop over to FlightHub Reviews for more details about this service, or if you think you might be their next leader, take a look at the Momentum Ventures Challenge for a chance to work with and be mentored by their winning team.

By Jennifer Klostermann

Kaylamatthews

New Security Regulation – Cybersecurity Maturity Model Certification (CMMC)

Cybersecurity Maturity Model Certification Changes are on the horizon for the Department of Defense (DoD) and its contractors. Late last year, the DoD announced the Cybersecurity Maturity Model Certification (CMMC), which officially released in January. The ...
Anita Raj

Post-COVID: What decisions are leaders taking about digital transformation in 2021?

Digital transformation in 2021 If organizations were once only talking about digital transformation (DX), in 2020, it was all about translating that talk into some real action. When the pandemic hit and businesses were disrupted, ...
Business Voip

Cloud Governance Best Practices & How “Legacy Governance” Hurts

Cloud Governance Best Practices The cloud can provide your organization with substantial benefits -- if you adopt an effective cloud governance model. Businesses established before the cloud era (or those that took their IT governance ...
Anita Raj

Coronavirus: Can technology help fight the pandemic?

Coronavirus and Telemedicine Technology COVID-19 has brought the world to a near standstill. From NBA to Met Ball and Coachella, all major events and festivals are canceled. Disneyland is shut and movies are postponed. Flights ...
Efficient Dispatch Operations with Spare Location Intelligence for DSPs

Efficient Dispatch Operations with Spare Location Intelligence for DSPs

Digitally transform operations of field technicians, design & planning team to reduce overall MTTR by 45% Most of the Digital Service Providers (DSPs) are struggling with the rising cost of repeat-dispatch and a higher Mean ...
Lauren Brunson

The Growing Need to Consolidate Multi-Tenant Environments

Consolidate Multi-Tenant Environments Over the past four months, countless businesses and universities have scrambled to the cloud to enable their employees and students to work remotely during the global coronavirus pandemic. Managed service providers (MSPs) ...