Roamfree.com yesterday bought 90% of Tourism Technology, the developer and owner of the market-leading Calypso Wholesale Travel Management System, for $16.8m. It’s by far the most significant acquisition for Roamfree.com, which has been stitching up deals faster than a three-armed seamstress.
Tourism Technology has a heavyweight client list including Qantas Holidays, British Airways Holidays, Singapore Airlines Holidays, United Vacations, Creative Holidays, Gullivers NZ and Tasmania’s Temptations Holidays. It is also implementing the technology for Flight Centre’s wholesale division, Infinity Holidays.
Founder and Managing Director, Graeme Hunter, retains 10% of Tourism Technology and will continue to lead the business along with General Manager Michael Dundon and the existing senior management team. Meanwhile, TT has developed its own Dynamic Packaging product which is now being used on Travel Corporation’s ineedaholiday.com.au website.
Managing Director Graeme Hunter says it took six months to develop and all the work was done by company’s team of 22 software developers.
He says the system can package and price up to four product types – accommodation, flights, transfers and car rental – depending on wholesaler inventory. “It’s just been released and I would expect that all of our customers will get involved,” Hunter says.
Travel Trends: August 16, 2007