Technology provider Dolphin Dynamics has signed an agreement to acquire the assets of Travelwire, a mid/back-office software solution for travel agencies in the Nordics, from Travelport.
The company says that over time it will merge the capabilities of Travelwire with its own mid/back-office products. The combined offering will be complemented by its wider range of integrated products spanning CRM, reservations, product management and online distribution, according to Dolphin Dynamics.
The sale is expected to be completed in September.
Under the terms of the deal, the Nordics-based Travelwire team will join Dolphin Dynamics and continue to support to its market, providing continuity for existing clients.
The news comes after Travelport was acquired by Siris Capital Group and Evergreen Coast Capital Corp for US$4.4 billion.
Dolphin Dynamics MD Chuck Richardson commented: “Acquiring the Travelwire assets will allow us to fast-track our strategic plan to grow our Nordics business. The highly skilled and experienced Travelwire team joining Dolphin will accelerate our product development, enabling us to provide even more competitive advantages to our customers in all markets. We look forward to welcoming the Travelwire team and customers on board in September.”