YANGON, Myanmar, April 7, 2017 /PRNewswire/ -- Flymya.com today announced it has acquired SWITCH.CM, a startup specializing in building reservations platforms for the hotel and airline industry, for USD 600,000.
Flymya.com is Myanmar's largest one stop shop for domestic air tickets, hotel reservations and car rentals supplying travellers with itinerary plans and packages. Flymya.com is a subsidiary of BOD Tech & boasts a strong presence in CLMV (Cambodia, Laos, Myanmar, and Vietnam). Its IT operations in Southeast Asia cover industries ranging from retail, travel, food delivery, O2O, publication, cloud communication, SaaS, and fintech.
SWITCH.CM is based in London with an Indonesian-based development office. The engineering team specializes in distribution API architecture and was the first in the world to successfully execute the Agoda 5.0 XML and use the Google API to power dynamic pricing & revenue management. They were selected as the opening keynote speaker of the 2016 World Travel Market conference in London, and their hotel reservations software is used by properties in 41 countries.
Tech in Asia 2016 Conference
Jeff Pan, the founder of SWITCH.CM, was an exhibitor as a startup in the Bootstrap Alley section of the Tech in Asia conference in Singapore in April 2016. Mike Than Tun Win, CEO of Flymya.com, had a chance encounter with the team in the closing minutes of the conference as they were on their way to the airport.
Comments by Mike Than Tun Win, CEO of Flymya.com:
"We were extremely impressed by Jeff's background as both a hotelier and a software engineer with deep knowledge of hotel API architecture. We look forward to utilizing his team's software to provide an added value to our hotel partners."
The acquisition of SWITCH.CM's hotel software will allow Flymya to leverage its local expertise to deploy world class technology to small and medium-sized hotels as it continues its growth as the leading OTA in Myanmar and the region.
Comments by Jeff Pan, CEO of SWITCH.CM:
"I was blown away by the operational infrastructure that Mike has built, pioneering the digital revolution in Myanmar by combining technology with a massive network of resellers and on-theground staff. I'm excited by the acquisition to see him leverage his expertise in Southeast Asia to grow our technology to its fullest potential."
He added: "I think the lesson for all startups is that no matter how close you are to missing your flight after an event, stick around. You never know who might drop by your booth as the conference is emptying out."