Airlines Reporting Corp. has become an equity investor in
Traxo, a company that provides travel data aggregation and technology solutions
for B2B clients.
The ARC investment comes a month after the two companies
partnered to enable direct booking data from ARC member airlines to flow to corporate
travel managers via Traxo.
The investment -- for an undisclosed sum -- will support the
growth of Traxo’s sales and marketing teams as well as new product development,
ARC COO and executive vice president Lauri Reishus will join
Traxo’s board of directors. Former Sabre chairman and CEO Sam Gilliland also
will join Traxo’s board.
Source: Business Travel News