ARC takes equity stake in Traxo

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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, Traxo said.

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.
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Source: Business Travel News

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