Airfare intelligence specialist Infare Solutions A/S is acquiring the air data business of QL2 Software LLC (QL2). Founded in 2000 in Copenhagen, Infare is used by more than 165 airlines and airports for airfare data and analysis tools .
As a result of the acquisition, QL2’s current airline and airport customers will become customers of Infare, supported by the company’s 80 specialist staff. QL2 says it is leaving the airline and airport sector to focus its growth on other areas of travel, retail and finance.
Through its Pharos, Altus and Airports analysis tools, Infare enables revenue and pricing managers, analysts and route and network planners to undertake detailed analysis of current and historic competitor pricing to help maximise flight and route profitability.
Nils Gelbjerg-Hansen, CEO of Infare, says: “As a larger business, we will be better placed to keep investing in new products and services to underpin our customers’ profitability.”
The agreement is being funded through an investment in Infare by Ventiga Capital Partners LLP. Infare was advised in relation to the transactions with QL2 and Ventiga by Nordic M&A.