Travel technology provider Nezasa has acquired TripYeah to integrate its flight itinerary optimizer technology into its portfolio of solutions for travel management companies. With the acquisition Nezasa adds a new starter solution to its product suite and expands its international presence to Latin America.
TripYeah’s product, which will be called TripOptimizer, will play a significant role in the company’s portfolio. Not only will its capabilities make TripBuilder more powerful, especially in the area of flight planning, but it will also become the starter product within the suite. TripOptimizer is quick and easy to adopt, allowing travel agencies to take advantage of advanced route optimization algorithms on top of their existing booking systems.
The technology behind TripYeah optimizes complex flight routes in a matter of seconds. It does so by verifying all options based on real-time availability and optimizes them according to time, costs, number of stops and CO2 emissions. This fast and automated process enables travel agents to respond to consumer inquiries much quicker than today. Consequently, it results in both higher conversion rates for travel agents and cheaper, more efficient and sustainable travel itineraries for travelers.
Nezasa’s core product is TripBuilder, the first fully working enterprise-grade SaaS solution that tames the huge complexity involved in providing the connected trip. Together, Nezasa and TripYeah serve customers around the world, such as European tour operating giants TUI Group and FTI, as well asGoWay and Grupo Gea in the Americas. As part of the deal, TripYeah co-founders Elías Musalem, Fernando Ordoñez and Miguel Rodriguez will join Nezasa in senior management roles. All other existing TripYeah staffwill join the Nezasa business.
Manuel Hilty, chief executive of Nezasa, said: “Our vision for Nezasa from the outset has been to continue enhancing and developing our product and service in order to best help our customers. TripYeah’s value proposition and technology naturally fit into Nezasa’s proposition and will help us accelerate this development and create more value faster. TripYeah has approached the complex problem of route optimization in a smart and efficient way. We are also delighted to welcome Elías, Fernando, Miguel and TripYeah staff to our business. They will help us scale up both our tech innovation and growth. And last but not least, having an operational base in Chile will allow us to be much closer to the Latin American market and accelerate our global expansion.”
(Press release / SK)
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