Irish travel technology player OpenJaw Technologies has been acquired by airline technology giant GuestLogix for US$41.2m.
GuestLogix’s systems provide retail and payment solutions for use on board aircraft and other modes of transport, including self-service technologies.
“With industry experts forecasting ancillary revenue in the airline industry alone to grow by an additional US$130bn by the year 2020, we recognise that there is an insatiable appetite to unilaterally support ancillary revenue initiatives across a travel company’s entire operation,” said Brett Proud, president and CEO of GuestLogix.
“The fusion of GuestLogix’s talent and best-in-class technology with the exceptional counterparts that reside within OpenJaw puts us on an elevated growth trajectory.”
OpenJaw’s technology has been used by major airlines and hotels and customers include S7 Airlines, British Airways, TravelSky, Aeroplan, AIR MILES, Four Seasons Hotels & Resorts, voyages-SNCF.com, and Viajes El CorteIngles.
Sean Mac Roibeaird, John McQuillan and John Lambe founded OpenJaw Technologies in 2002. In 2012, the company created 45 jobs in Galway and Dublin as part of an Enterprise Ireland-supported R&D investment.
“Like GuestLogix, OpenJaw’s core mission is to enable our customers to become better, more profitable retailers,” said Kieron Branagan, managing director, OpenJaw Technologies.
“The OpenJaw team has the exciting opportunity to expand our ability to increase retailing performance within all travel verticals as we become an integrated part of GuestLogix.”
Digital travel image via Shutterstock