Switch.CM, a London-based startup specialising in building reservations platforms for the hotel and airline industry, has been sold to flymya.com for $600,000.
Flymya is the leading online travel agency in Myanmar, and is owned by BOD Tech, also based in Myanmar. BOD has a B2B and B2C portfolio covering retail, food delivery and fintech, with a presence in Laos, Cambodia and Vietnam as well as Myanmar.
Switch.cm is an API specialist and has developed a PMS and a channel manager for hotels and as well as some SMS-based API solutions for airlines. It is based in London and is part of the Travel Tech Lab, and also has offices in Indonesia and New York.
Mike Than Tun Win, CEO of FlyMya said:
"We were extremely impressed by [Switch.CM founder Jeff Pan's] background as both a hotelier and a software engineer with deep knowledge of hotel API architecture...
"The acquisition will allow FlyMya to leverage its local expertise to deploy world-class technology to small and medium sized hotels as it continues its growth as the leading OTA in Myanmar and the region."
Jeff Pan, in turn, noted "the operational infrastructure that [FlyMya] has built, pioneering the digital revolution in Myanmar by combining technology with a massive network of resellers and on-the-ground staff".