Trip-planning technology provider Nezasa has acquired flight route itinerary optimizer TripYeah for an undisclosed sum.
With Santiago, Chile-based TripYeah, Nezasa will integrate the startup’s technology into its portfolio of solutions for travel management companies and expand its presence in Latin America.
Founded in 2012, Nezasa’s core product – TripBuilder – is an enterprise-grade software-as-a-service solution that reduces the complexities of trip planning for tour operators, travel agents and destination management companies.
In December 2020, Nezasa received a $6 million capital injection, bringing the Switzerland-based company’s total funding to $13 million.
TripYeah, which launched last year, provides travel agents, airlines and online travel agencies with flight route optimization technology based on algorithms and artificial intelligence.
Its core product, which will be known as TripOptimizer, will help power flight planning on the TripBuilder platform and will also become the starter product within the suite.
TripYeah recently raised a $1.1 million funding round; together, the two companies have raised a combined $14 million and count FTI, Goway, Grupo Gea and TUI Group – which partnered with Nezasa in June 2021 – as its customers.
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As part of the deal, TripYeah co-founders Elías Musalem, Fernando Ordoñez and Miguel
Rodriguez will join Nezasa in senior management roles. All other existing TripYeah staff will join Nezasa.
“Our vision for Nezasa from the outset has been to continue enhancing and developing our product and service in order to best help our customers. TripYeah’s value proposition and technology naturally fit into Nezasa’s proposition and will help us accelerate this development and create more value faster,” says Manuel Hilty, chief executive of Nezasa.
“TripYeah has approached the complex problem of route optimization in a smart and efficient way. TripOptimizer not only delivers superior routing to complex itineraries, it also is a B2B application with the simplicity of a B2C experience. … We are also delighted to welcome Elías, Fernando, Miguel and TripYeah staff to our business. They will help us scale up both our tech innovation and growth. And last but not least, having an operational base in Chile will allow us to be much closer to the Latin American market and accelerate our global expansion.”
Adds Elias Musalem, chief executive of TripYeah: “Our mission has always been to find solutions that make travel agents more productive and make the best use of their resources. In this way, this agreement with Nezasa is entirely consistent with achieving our goals.
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