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September 29, 2006
Spain's Amadeus Acquires VC-backed TravelTainment
Amadeus, the travel booking and ticketing giant, has received approval from the cartel authorities to acquire Aachen, Germany-based TravelTainment, a VC-backed application service and content provider, in order to help its customers better serve travellers seeking offers via the Internet. No disclosure on the price paid.
TravelTainment, which employs about 85 people, is poised to expand its position across Europe. Being part of Amadeus will allow the company to achieve this goal even faster, said exiting VC and board member Hans Schreck a general partner at TVM Capital of Munich in a statement.
Founded in 2000, TravelTainment has developed an Internet booking engine that uses unique “fuzzy logic” software technology to find suitable alternative travel offers. It has been working with Amadeus for more than a year in a strategic partnership.
Posted on September 29, 2006 01:58 PM | Posted to News And Updates | Online services | Permalink
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