ITA Software
| Company type | Subsidiary |
|---|---|
| Industry | Software, Travel |
| Founded | 1996 |
| Headquarters | Cambridge, Massachusetts |
Key people | Jeremy Wertheimer: Vice President, Travel, Gianni Marostica: Commercial Director, Travel |
| Products | Software |
Number of employees | 450+ |
| Parent | |
| Website | ITAsoftware.com |
ITA Software is a travel industry software division of Google, formerly an independent company, in Cambridge, Massachusetts. The company was founded by Jeremy Wertheimer, a computer scientist from the MIT Artificial Intelligence Laboratory and Cooper Union,[1] with his partner Richard Aiken in 1996.[2] On July 1, 2010 ITA agreed to be acquired by Google. On April 8, 2011, the US Department of Justice approved the buyout. As part of the agreement, Google must license ITA software to other websites for five years.[3]
History
ITA's first product was an airfare search and pricing system called QPX. This system is now used by travel companies such as Bing Travel, Cape Air, CheapTickets, Kayak.com, and Orbitz, and by airlines such as Alitalia, American, ANA, United Airlines, US Airways, and Virgin Atlantic. ITA also hosts its own website based on QPX, although it's not possible to buy tickets from it.
ITA is known for using programming puzzles to attract and evaluate potential employees since 2001. Some of these puzzles have appeared in ads on Boston's MBTA subway system. ITA is also one of the highest-profile companies to base their software on Common Lisp.[4]
In January 2006, ITA received $100 million in venture capital money from a syndicate of five investment firms led by Battery Ventures, marking the largest investment in a software firm in New England in five years.[5]
In September 2006, ITA announced a several million dollar deal with Air Canada[6] to develop a new computer reservations system to power its reservations, inventory control, seat availability, check-in, and airport operations.[7] In August 2009, Air Canada announced that the project had been suspended.[8]
In July 2010, Google announced the acquisition of ITA for $700 million in cash, subject to DOJ review and approval.[9] On April 8, 2011, the US Dept. of Justice and Google reached an agreement in terms to allow the purchase and dismiss a potential antitrust lawsuit. [10]
On March 1, 2012, Google and Cape Air announced that Cape Air had migrated to ITA Software's passenger reservations system. [11]
See also
- List of global distribution systems (computer reservation systems)
References
- ^ Jeremy Wertheimer, Cooper Union Board of Trustees
- ^ Edward Hasbrouck, The Practical Nomad blog, July 12, 2010: Google buys ITA Software, Part 1: The back story
- ^ Nightly Business Report for Friday, April 8th, 2011
- ^ "Lisp and ITA Software move airline travel to a higher altitude". Franz Inc.
- ^ Howe, Peter (2006-01-23). "Software firm gets $100m in backing". The Boston Globe.
- ^ "ITA Software signs deal with Air Canada". The Boston Globe. 2006-09-12.
- ^ General Catalyst Partners :: News
- ^ "Air Canada suspends implementation of next-gen Polaris reservations system." ATW Daily News, Aug 12, 2009.
- ^ "Facts about Google's acquisition of ITA Software". Google.com. Jul 1, 2010.
- ^ "Justice Dept. allows Google to buy online travel company". The Washington Post. Apr 8, 2011.
- ^ "Google is now in the PNR hosting business". PapersPlease.org. Mar 1, 2012.