10 November 2021, Virtual
London, UK - November 2021
London, UK - December 2021
Wings Travel Management has announced the acquisition of specialist software developer Alchimea, which will allow it to expand its technology solutions division.
Established in 1999, Alchimea specialises in workflow integration, process automation, application design and management in the areas of global mobility, business travel and related support services. The company supports clients as an outsourced IT resource or as an in-house development team and has worked with many organisations that mirror Wings’ specialist sectors.
Wings already has a history with Alchimea, having worked with the firm on various strategic technology projects, including the development of its mid-office system TMA (Travel Management Application), which allows the TMC’s global offices to operate off an identical centralised platform and database. It also enables Wings to use multiple content aggregators on the same platform from any of its locations around the world.
Headquartered in Limassol, Cyprus, Alchimea will continue to operate autonomously and serving its own customers while supporting Wings’ technology and digital strategy, as well as shared clients.
Tony Sofianos, CEO of Wings Travel Management, said: “One of our primary strategic goals in 2019 is to increase our technology footprint, particularly in the areas of digital transformation, data analytics and machine learning.
“The landscape in the global mobility space, particularly within travel management companies, is going through incredible change in terms of distribution and procurement. In order to remain competitive and differentiate the service we provide to our customers, we need to focus on enhancing and innovating Wings’ digital capabilities.
“The acquisition of Alchimea gives us the resources, scale and innovation hub to provide technology solutions to our clients and develop applications to meet their specific procurement, global mobility and business travel needs.”