OpenJaw Technologies acquires Traventec

Press release – 4 September 2008 – Traventec-Open Jaw Technologies OpenJaw Technologies, a leader in delivering high performance travel distribution solutions to the global travel industry, today announced that it has acquired Galway based Traventec, a company specialising in the provision of travel technology services. Under the acquisition agreement, Traventec becomes a fully owned subsidiary…

Press release – 4 September 2008 – Traventec–Open Jaw Technologies

OpenJaw Technologies, a leader in delivering high performance travel distribution solutions to the global travel industry, today announced that it has acquired Galway based Traventec, a company specialising in the provision of travel technology services.

Under the acquisition agreement, Traventec becomes a fully owned subsidiary of OpenJaw Technologies and will operate under the OpenJaw brand.

The acquisition will enhance OpenJaw Technologies’ solution portfolio and service offerings to global travel companies in the development of their ecommerce strategies, creating agile and dynamic solutions to address their business challenges. Financial details of the acquisition have not been disclosed. 

John McQuillan, chief excecutive of OpenJaw Technologies, said: “We have enjoyed a long standing business relationship with Traventec, successfully partnering with them on several significant projects.

“This acquisition accelerates our growth strategy and brings together two of the most innovative leaders in travel distribution technology, creating an enviable pool of travel technology expertise.

“We believe that our combined customers, who make up some of the world’s leading travel companies, will gain significant business benefits through the combination of our extended solutions, innovative service offerings and domain expertise that this acquisition will bring.”

Greg Cawley, managing director of Traventec, added: “Traventec has firmly established itself as a leading services and consultancy company to the travel technology sector, helping global travel companies to innovate and develop their ecommerce strategies.

“Together, OpenJaw Technologies and Traventec, operating under the OpenJaw brand, will deliver extended travel technology solutions and added expertise to support our growing customer base.  The Traventec team and I are delighted to join OpenJaw Technologies, which opens up our expertise to a larger set of business opportunities.  This combined team will bring enhanced solutions, expertise and service offerings to our customers.”