Softvoyage has acquired a majority stake in Pythagoras, a Buenos Aires, Argentina based travel technology company.
Moise Levy, cofounder of Softvoyage, welcomed the news.
"We are very excited to merge our forces with the team at Pythagoras. Travel e-commerce is rapidly increasing in South America and with Softvoyage products and expertise in this area, we will be focusing on working with Pythagoras to improve and increase travel distribution for all of their clients."
Softvoyage anticipates that there will be good growth opportunities for the Pythagoras product in North America.
Paolo Setien, managing director of Pythagoras added:
“The Pythagoras business is better than ever. We are thrilled with the new opportunities that lie ahead. Our team of dedicated travel specialists will be now collaborating with the Softvoyage team. And as a new global team, we will be working to integrate Softvoyage’s technology for the benefit of Pythagoras clients that are based all over South America. Our clients will now have access to many new possibilities and opportunities.”
The Pythagoras leadership team will continue to run the day-to-day business from Buenos Aires and will remain active in the company, and keep their existing roles.
A full analysis will be completed in the upcoming weeks to analyze how the company's customers can best benefit from the new relationship with Pythagoras.
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