Cornerstone Makes Strategic Investment in Traxo to Launch Partnership

Cornerstone Information Systems is integrating Traxo technology into its data and automation products as part of a new “close technology partnership” between the two companies.

The partnership, which also includes a “strategic investment” of an undisclosed amount by Cornerstone into Traxo, will give Cornerstone clients access to Traxo’s Filter technology, which captures off-channel bookings via email confirmations from suppliers. Cornerstone provides data services for travel intermediaries including travel management companies, corporate travel departments and online travel agencies.

“Working together puts action behind Traxo’s data and expands the range of transactions Cornerstone can impact and, more importantly, the impact our customers can have on their clients,” Cornerstone head of growth Mitch Gross said in a statement. “We love the company and our synergies so much we couldn’t pass up the opportunity to also invest.”

The investment is “the first phase of a deeper technology collaboration” between Cornerstone and Traxo, according to the companies.

Michael B. Baker www.businesstravelnews.com