Traxo, the Dallas-based travel startup, announced today that it has acquired the assets of GoMiles, a provider of frequent flyer management services to consumers.
Terms of the deal were not disclosed. However, with Traxo having raised just $1.2M in seed funding, we doubt it was a terribly large cash deal. (On a side note, $1.2M in funding is a pretty big deal for Dallas startups these days, congrats Traxo!)
Here is the full press release:
DALLAS, Sept. 25, 2012 /PRNewswire-iReach/ — Traxo (www.traxo.com), the leading website combining online travel organization and social travel tools, today announces the acquisition of the assets of GoMiles (www.gomiles.com), a well-respected provider of frequent flyer management services for consumers. GoMiles users have been seamlessly migrated to the Traxo platform, and can begin taking advantage of Traxo’s extensive trip organization and frequent flyer mileage protection tools, effective immediately.
“We are excited about integrating the unique capabilities of GoMiles into Traxo, and are committed to serving GoMiles users with the high level of service that they have come to expect,” said Andres Fabris, CEO of Traxo. “We know this is an opportunity to deliver even greater value to GoMiles users” said Michael Komarnitsky, CEO of GoMiles. “Traxo’s trip-organization capabilities are unmatched in the industry, and GoMiles users will be able to leverage these features to take more control of their trips and their frequent flyer miles.”
Introducing New Instant Link to All Loyalty Accounts
Traxo is pleased to also introduce the all-new Traxo Express Access™. This new convenience feature allows Traxo users to be instantly linked to all their loyalty accounts. “No need to ever dig up or try to remember those cryptic login credentials again – Traxo has taken the friction out of the login process. With Traxo Express Access™ you can now log in with a single click”, said Andres Fabris, CEO of Traxo.
For more information on this acquisition, please visit: https://www.traxo.com/gomiles.
Traxo is the world’s most comprehensive aggregator of personal travel information, including: itineraries, miles, points, and elite status. The service automatically detects and aggregates travel information directly from over 160 different travel websites, and accepts travel confirmation emails from over 1,300 travel providers, organizing everything into a single, comprehensive travel dashboard. Traxo users become part of a smart, savvy online travel community and are rewarded with rich and informed social travel experiences. Conceived by founders Andres Fabris, Andy Chen and Richard Pendergast, Traxo’s executive team is comprised of business veterans with years of industry experience at companies such as Sabre and Travelocity. For more information, please visit www.traxo.com.
GoMiles is the easiest and best way to manage your frequent flyer miles. GoMiles helps users take control of their frequent flyer miles once and for all, by helping users manage all their accounts in one place, protect them from expiring, earn more miles faster, and redeem smarter. Founded by Michael Komarnitsky and Marc Kamaka, GoMiles is a Techstars 2010 Seattle graduate and has been leading a wave of innovation in the frequent flyer management space. For more information, please visit www.gomiles.com.