El Area announces divestiture of BuscaTrip.com
Buscatrip.com, a joint-venture between Voxel Soluções em Informatica and El Area´s CEO Franco Pontillo, along with Voxel
Informatica Travel Assets, has been aquired by Sabre Travel Network.
São Paulo, Brazil, 17/10/2008 - El Area, a venture firm from
São Paulo Brasil, and Voxel Soluções em Informatica, a software development
company, successfully divested Buscatrip.com, a travel price comparison
platform, which has been acquired by Sabre Travel Network. Sabre Travel Network, a Sabre Holdings
company which provides end-to-end solutions for corporate and leisure travel.
Currently, Sabre collectively handles over 70 percent of the BTN 100 bookings.
In December 2007 El Area invested in Buscatrip.com, a
business unit of Voxel Informatica travel assets. The platform is currently used by Buscape.com.br,
the leading price comparison website in Latin
Buscatrip´s platform earns revenue based on a share of the
publicity sold by the client, using a cost-per-click (CPC) metric. The platform
scans 760 airline companies throughout the world, both low-cost and traditional
carriers. The independent travel search site model is similar to international
alternatives Kayak.com, Sidestep.com, among others.
About El Area - El Area is a
venture firm focusing on investments in seed-capital and Series-A funding. El Area´s nine-month investment in Buscatrip
is typical of the maturation of its investments. The managers at El Area count
with a track record participating in successful venture capital firms in Brazil,
such as e-Platform, as well as mergers and acquisitions internationally. The
firm is actively sourcing for opportunities throughout Brazil in IT,
pharmaceutical, entertainment and financial services.
For more information about El Area
visit www.elarea.com.br, or write email@example.com