Radixx International, Inc., an Orlando, Florida-based provider of travel distribution and passenger service system software for airline reservations, distribution and merchandising, received an investment from TA Associates.
The financial terms of the transaction were not disclosed. In conjunction with the investment, Elizabeth de Saint-Aignan, a Principal at TA Associates, and Kurt R. Jaggers, a Managing Director at TA Associates, will join Radixx’ Board of Directors.
Founded in 1993 and led by Ron Peri, CEO & Chairman, Radixx offers a cloud-based SaaS Passenger Service System (PSS) for airlines to sell to ticketed passengers at all touch points – online, via call centers and at airports – and through multiple channels, including directly to consumers, via travel agents and tour operators, and through global distribution systems.
The company’s solution provides airlines with a number of capabilities such as dynamically setting fare rules and prices, distributing inventory, offering ancillary sales at airports, managing passenger check-in, and enabling virtually all methods and types of payment in a myriad of currencies.
Radixx, which also has a standalone, web-based frequent flyer offering designed to provide airlines with effective loyalty management programs, serves over 40 customers across six continents in over 20 countries.