Miami travel pricing tech firm Farelogix is acquired for undisclosed price
Farelogix, the Miami-based technology firm that for more than two decades has provided pricing solutions to travel companies, has been acquired.
Barcelona-based Accelya announced Tuesday it would take over Farelogix for an undisclosed price. The acquisition is expected to close this summer; more than 300 Farelogix employees will join Accelya. Prior to closing, Accelya and Farelogix will continue to operate as separate businesses. Terms of the transaction were not disclosed.
“This acquisition represents a tremendous opportunity for Farelogix and Accelya to accelerate innovation in technologies for airline retailing, commerce, order management, and financial settlement,” said Jim Davidson, CEO of Farelogix, in a release.
This announcement comes on the heels of Austin, Texas-based Vista Equity Partners’ acquisition of Accelya by the firm’s permanent capital investment fund, Vista Equity Partners Perennial.
This story was originally published June 16, 2020 at 2:58 PM.
