Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Google and ITA Software sign acquisition agreement
Posted on 2-Jul-2010 09:31 | Tags Filed under: News



ITA Software, Inc., a flight information software company, and Google Inc. have signed a definitive agreement for Google to acquire ITA for US$700 million in cash.

“ITA’s very talented team has created an impressive product to organize flight information,” said Eric Schmidt, Chairman and CEO of Google. “Their technology opens exciting possibilities for us to create new ways for users to more easily find flight information online, and we’re looking forward to welcoming them to Google.”

“It is a privilege to work with a most skilled and dedicated team to build innovative technologies that people use every day,” said Jeremy Wertheimer, CEO & President, ITA Software, Inc. “We are all looking forward to continuing and expanding our efforts as part of Google.”

Founded in 1996 by a team of MIT computer scientists, ITA’s technically advanced solutions for organizing flight information were hailed as a catalyst for change in the online travel industry. Its innovative algorithms and deep airline industry expertise create a customizable flight data organization tool used by both airlines and online travel agencies.

The deal will allow Google to pursue the creation of new flight search tools that will enable users to find better flight information more easily on the Internet. Google is excited about ITA's QPX business and the opportunity to work closely with current and future customers. Google will honor all existing agreements and looks forward to adding new partners.

Both companies have approved the transaction, which is subject to customary closing conditions



comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

TiVo Service ending on 31 October 2017
Created by Riggleby, last reply by surfisup1000 on 2-Mar-2017 08:58 (30 replies)
Pages... 2


Netflix and Spark agreement
Created by freitasm, last reply by myopinion on 2-Mar-2017 09:14 (119 replies)
Pages... 6 7 8


The President Of The USA: Donald Trump
Created by TimA, last reply by DarthKermit on 2-Mar-2017 09:12 (3399 replies)
Pages... 225 226 227


What game is everyone playing at the moment
Created by BTR, last reply by gehenna on 1-Mar-2017 18:00 (21 replies)
Pages... 2


Is the ipad mini2 any good?
Created by kiwifidget, last reply by kiwifidget on 1-Mar-2017 15:00 (17 replies)
Pages... 2


Migrate from old plan
Created by Teeceezy, last reply by dt on 28-Feb-2017 18:47 (16 replies)
Pages... 2


Vodafone / SKY merger
Created by wingbat45, last reply by jamesrobert on 28-Feb-2017 08:28 (138 replies)
Pages... 8 9 10


US citizens can buy grenade launchers
Created by kingdragonfly, last reply by Geektastic on 27-Feb-2017 22:15 (28 replies)
Pages... 2