Voxel, a B2B payments specialist, has acquired Troovo for an undisclosed amount.
Australia-based Troovo uses Robotic Process Automation to eliminate transaction processing costs.
Voxel plans to integrate Troovo’s technology into its baVel Pay platform giving it GDS connectivity as well as a decision engine, which optimizes payments.
In a statement, Spain-based Voxel says through the integration of the technology a “frictionless a frictionless process is achievable enabling better business outcomes.”
It adds that the baVel Pay platform will be able to handle the complete ebilling and payment cycle.
The company plans to keep Troovo’s offices in Sydney and Melbourne enabling it to expand in Asia Pacific.
Voxel will continue to work with existing Troovo customers including Flight Centre, Webbeds and QBT.
Xavier Ginesta, chairman at Voxel, says: “We have taken advantage of the pandemic to spend quality time thinking strategically and investing in technological innovation in order to emerge stronger from the crisis.
"The acquisition of Troovo, its technology and its patent are the spearhead of a strategic plan that not only makes baVel Pay's Payment Manager the most powerful B2B payment platform in the travel industry, but also one of the most complete in the market in general.”