TRX agreed to acquire
competitor Hi-Mark Software in a $20 million deal that is expected
to close in January.
TRX stated that the acquisition would
strengthen its position in corporate travel data reporting, bolster
its technology offerings and expand its client base.
Hi-Mark, based in Atlanta, has about 175
clients, including corporations, travel agencies and airlines, and
it provides them with data acquisition, data-quality improvement,
reporting, e-mail notification and business intelligence
services.
TRX, also based in Atlanta, provides
transaction processing and data integration services to the travel
industry.
TRX said it plans to retain Hi-Mark
management and to operate the business under the TRX brand.
To contact reporter Dennis
Schaal, send e-mail to [email protected].