DerbySoft, a hotel distribution technology company, has recently entered the airline industry through the acquisition of Pkfare. While the financial details of the deal have not been disclosed, DerbySoft is known for developing custom software that assists hotel companies in connecting with third-party online travel sellers. With its headquarters in Dallas, the company boasts six offices and over 300 employees. Among its impressive clientele are the ten largest global hotel groups such as Hilton, Hyatt, and Marriott, as well as numerous regional hotel chains across Europe, China, and North America. Additionally, DerbySoft is linked to major online travel agencies, metasearch engines, wholesalers, and tour operators worldwide.
One of DerbySoft’s recent achievements includes providing the connectivity technology that enabled guests to book specific MGM hotels through the Marriott website and app. On the other hand, Pkfare, based in China, offers similar services for hotels along with over 600 airlines. With approximately 60% of its business stemming from North America, Europe, and the Middle East, the remaining 40% comes from the Asia Pacific region. Despite the acquisition, both companies will continue to operate independently, though they plan to integrate select internal corporate and technological functions. As a result of this collaboration, the customers of DerbySoft and Pkfare will have access to each other’s services, leading to a potentially expanded and enhanced offering for both sets of clients.
DerbySoft’s expansion into the airline industry demonstrates its commitment to providing comprehensive solutions for its clients and establishing a strong presence in various sectors of the travel industry. By acquiring Pkfare, a company that already has a significant foothold in the airline market, DerbySoft is strategically positioning itself to serve a broader range of customers and offer more diverse services. Additionally, the integration of internal functions between the two companies suggests a synergy that could lead to improved operational efficiency and a seamless experience for their clients.
The acquisition of Pkfare by DerbySoft signals a significant development in the world of travel technology and distribution. With both companies having a strong presence in their respective sectors, the merger represents a strategic move that aims to leverage the strengths of each organization to create a more robust and competitive entity. By combining forces, DerbySoft and Pkfare can likely enhance their technological capabilities, expand their market reach, and provide a more comprehensive suite of services to their clients. This integration has the potential to streamline processes, improve connectivity, and offer innovative solutions to meet the evolving needs of the travel industry.
As DerbySoft ventures into the airline industry, it not only diversifies its portfolio but also positions itself as a key player in the travel technology landscape. With its established reputation in hotel distribution technology and Pkfare’s expertise in airline connectivity, the combined entity is well-equipped to cater to a broad spectrum of travel companies worldwide. By offering integrated services that span hotels and airlines, DerbySoft and Pkfare can create synergies that benefit their clients and drive innovation in the industry. The collaborative approach taken by both companies underscores their commitment to delivering unparalleled value to their customers and solidifying their positions as leaders in travel technology and distribution.
In conclusion, the acquisition of Pkfare by DerbySoft marks a strategic alliance that has the potential to reshape the landscape of travel technology and distribution. By combining their strengths, expertise, and resources, both companies are poised to offer a comprehensive range of services to their clients, spanning hotels, airlines, and beyond. This collaboration not only demonstrates their commitment to innovation and growth but also underscores their dedication to providing innovative solutions that meet the evolving needs of the travel industry. As DerbySoft continues to expand its presence in the airline sector, it solidifies its position as a key player in the global travel technology market, driving change and shaping the future of the industry through collaboration and innovation.
