Vayant Travel Technologies, a world leader in business-to-business airfare search innovation, is welcoming Deutsche Lufthansa AG as a new investor.
Vayant Travel Technologies has been funded since 2007 by a group of private investors and VCs including Neveq and Cape Capital.
The company has developed strategic innovative Airfare Pricing and Shopping technologies including Next-Generation solutions based on live transactions and pre-computed big-data technologies allowing airlines to respond more effectively to travel searches in a growing transaction market.
The new investment is part of Vayant’s development strategy to intensify its business growth within the airline industry and support airline efforts in view of flexibility and distribution.
“We are seeing a very positive reaction and traction from the market to our product ecosystem and the opportunities they present for airlines and travel companies.
“We are now looking forward to taking Vayant a step forward and we are glad to welcome Deutsche Lufthansa AG as a new shareholder of Vayant.” said Eric Dumas, chief executive, Vayant.
Additionally, Vayant is also welcoming Christian Tillmans to its board of directors.
Tillmans is currently vice president global sales and key account management at Deutsche Lufthansa AG.