Mountain View, Calif. – After reaching a deal with the
Justice Dept. over antitrust concerns last Friday, Google (NASD: GOOG) said on Thursday that
it has closed its $700 million deal to acquire travel software firm ITA
Software. Cambridge, Mass.-based ITA provides travel search technology to
companies including Kayak, Orbitz, Hotwire, Bing and United Airlines.
"It’s
important to us that ITA continue with business as usual, providing great service
to its business partners," Google wrote last Friday on its company blog.
"We indicated last July that we would honor ITA’s existing contracts.
Today we’ve formally committed to let ITA’s customers extend their contracts
into 2016.
"We’ve also agreed to let both current and new customers license
ITA’s QPX software on ‘fair, reasonable and non-discriminatory terms’ into 2016
— along with related commitments aimed at making ITA’s technology available to
other travel sites."
Related Links:
http://tinyurl.com/3bgfd35
(Google blog)
