Australian-owned tours and activities booking system ResPax has acquired Livn, also based in Australia, for an undisclosed amount.
Earlier this year, Livn, a well-known channel manager, B2B connectivity platform and Google Things to do connectivity partner, was placed into voluntary administration.
“Livn has had a very supportive single investor/owner for quite some time and at short notice has made the difficult decision not to fund Livn into fiscal year '24,” said Steve Martinez, Livn founder and chief commercial officer.
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After a period of uncertainty, ResPax stepped forward to acquire the company, a deal which was officially announced Monday.
“We’ve had a long relationship with the Livn founders and with the Livn team, and they’re a great bunch of people, talent and a great platform, so we thought it was a great opportunity for ResPax,” said Tony Bridgewater, ResPax CEO.
So what does this mean for operators? “Operators are always looking for new markets,” he said.
While ResPax is primarily a booking system, the addition of Livn’s channel management and connectivity capabilities means an opportunity for expanded distribution opportunities. “Distribution is key, and Livn has a great distribution network and tools available, improved channel management,” Bridgewater said.
This announcement comes on the heels of the Checkfront-Rezdy merger announcement and the recent addition of Regiondo to that roll-up. With Rezdy also a channel manager, this means two recent transactions combining res-tech and connectivity, which is something new in experiences tech.