Serko Buys Arnold Travel Technology

Corporate travel tech company Serko has bought Arnold Travel Technology from the Wotif Group, now part of Expedia, for an undisclosed sum. It says the acquisition will increase revenue for the six months to 30 September 2015 by 7-8%.

“This is an important strategic investment for Serko given we now expect around USD $4 billion of Australia’s corporate travel spend (TTV) to be booked through Serko’s platforms,” said Darrin Grafton, Serko’s chief executive officer.

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