DerbySoft has acquired PKFARE, a global travel trade marketplace. This milestone transaction brings together two industry leaders, enhancing capabilities and offerings to serve the evolving needs of the travel industry. Focusing on breaking down barriers in the B2B travel distribution landscape, PKFARE brings expertise in seamless fulfillment and post-sales services designed to streamline operations and enhance efficiency.
"DerbySoft is focused on anticipating market needs and empowering our clients with a competitive edge by continually innovating and providing bespoke solutions that address their unique and complex needs," DerbySoft CEO and Co-Founder Ted Zhang said in a statement. "Adding PKFARE into our platform aligns seamlessly with our goal of accelerating travel commerce."
While the specifics of the transaction remain undisclosed, this venture aligns with DerbySoft's mission of simplifying the travel business. PKFARE has an extensive global footprint, with approximately 60 percent of its business from North America, Europe and the Middle East, and 40 percent from Asia Pacific.
"This venture represents a strategic step forward in our commitment to innovation and value creation in the travel distribution space," said Jason Song, president and founder of PKFARE. "By providing our partners with more technological innovation, better services and ultimately increased value, this partnership will help us deepen our collaboration and offer our customers even more flexibility in the booking process."
DerbySoft and PKFARE will optimize their joint operations by sharing selected corporate functions and technology resources while upholding independent business operations. This collaboration leverages their collective technological expertise to drive innovation and enhance offerings. Customers of both companies will experience seamless service continuity, underlining their commitment to customer satisfaction and robust data security.