, a leading provider of enterprise application product solutions and outsourced services for the Airline industry, today announced the strategic acquisition of Cognosys, a software solutions provider to the Travel industry.
Cognosys is a travel technology company, with leading edge products such as - eBizTravel (an end-to-end e-procurement solution for business travel), eBookEngine (Internet booking engine), eFlightInfo (Automatic Real-time dissemination of operational flight information) and eFareEngine (Fare Data Management). The company also provides customized software solutions, leveraging their deep domain knowledge of the Travel Industry. Cognosys’ customers include leading travel organizations in Europe, USA and India such as TQ3, Lastminute.com, Cox & Kings, TCube, Secure-res and others.
This acquisition is a perfect fit with Kale’s strategy to be a leading global solution provider to the Travel industry. Having achieved a leadership position in the Airline vertical, this acquisition positions Kale to capitalize the large Travel space. Currently, Kale is the only Indian product company in the Airline space providing innovative products and services to 35 customers in 30 countries.
Speaking on the occasion Mr. Vipul Jain, Group CEO & Managing Director, Kale said, “This acquisition is a part of our planned strategy of expanding our Airline expertise into the Travel industry. Cognosys’ suite of e-travel products, gives us customer facing offerings for the industry and are complimentary to our Airline industry solutions.” He further added, “Our goal is to create an Indian global giant in the Travel space and we believe that this is another major milestone.”
“We are excited to join hands with Kale and believe it opens up new markets and opportunities for us. Our customers will benefit from a larger pool of resources, Kale’s business processing capabilities and global presence”, said Rajnish Kapur, CEO of Cognosys.
Cognosys is owned by Infinity, a venture fund that specializes in the Information Technology industry. Pravin Gandhi, Director, Infinity, said, “We saw Kale as a perfect fit from a vision, product, market, and cultural perspective. The Travel industry has enormous potential and the combination is well positioned to become a leading player in this space globally.”