Airlines Reporting Corp. (ARC) acquired a controlling stake in NuTravel, a technology company that provides retail solutions to airlines.
Terms of the deal, including the percentage of NuTravel ARC now owned by NuTravel, were not disclosed. NuTravel will operate as an independent subsidiary of ARC.
ARC says the deal, in tandem with its recent investments in Traxo and Blockskye, further expands its “suite of end-to-end air travel solutions,” a priority president and CEO Mike Premo discussed in an interview with the Phocuswright conference in November.
âARC is on track to help airlines and travel managers provide their travelers with the streamlined, easy and consistent shopping experience they expect, regardless of their purchasing method,â says Premo .
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âNuTravel’s technology and innovative solutions perfectly complement those of Traxo and Blockskye, bringing ARC’s strategic omnichannel vision to life. We look forward to working closely with all three companies and our customers in the years to come. “
NuTravel’s Universal Connect platform enables businesses to manage booked trips directly through airline websites and mobile apps, including providing corporate fares, payment methods and travel policies for users .