The founder of travel data management specialist Travelogix has taken full control of the firm after buying back a 51% share sold in 2016.
A team led by founder and chief executive Chris Lewis acquired the majority stake from Safeture, the Swedish parent which was previously known as Global Warning Systems.
GWS bought 51% of Travelogix in January 2016.
Lewis said the the time was right for the management buy-out and that “being independent will allow the business to be more responsive to client demand and take advantage of new opportunities”.
The focus will be on increasing international market share of Travelogix’s data management suite, Analytix.
The buy-out also comes ahead of the launch of Farecast, a new airline incentive management platform focused at travel management firms and consortia which will be commercially available from April 2020.
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