Founded in 1999, New York City-based TravelClick provides technology for guest reservations and website development to more than 36,000 hotel clients in over 160 countries, according to its website. The company generated revenues of $257 million in 2012, according to Moody's Investors Service Inc. TravelClick's internet booking engine is facing increasing competition from travel websites such as TripAdvisor Inc , which are developing their own interfaces that allow for direct booking of hotel rooms. Genstar acquired TravelClick in December 2007 for an undisclosed amount from private equity firm Bain Capital LLC and TravelClick co-founders Richard Gray and Ray Cohen. Bain's venture capital arm made a new investment in TravelClick at the time, taking a minority stake. Get the full story at Reuters