Fraxion, Amadeus enter into intellectual property partnership
[Johannesburg, 19 March 2012] -
Amadeus GTD and Fraxion have entered into an intellectual property (IP) partnership whereby both parties are co-developing a corporate travel and expense management solution to meet the needs of corporations in developing markets, initially focused in Africa and the Middle East.The solution – scheduled to go live in August this year - will provide control over T&E spending, integrating tightly in corporate ERP systems, and offer support for online and offline travel booking.According to Amadeus GTD Southern Africa GM Peter Long, the solution has been developed as a combination of Fraxion's T&E spend management module and Amadeus' E-Travel Management Solution. The partnership is exclusive to Amadeus and in this region the jointly developed technology will be sold exclusively through a newly licensed publishing software company, TraveluXion.
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