BOSTON, Jan. 23, 2006 — ITA Software, Inc., the first company in more than thirty years to provide a new IT platform for the airline industry, has announced $100 million in equity financing, the largest New England software venture deal in five years. Led by Battery Ventures, the round included participation from General Catalyst Partners, PAR Investment Partners, Sequoia Capital and Spectrum Equity.
ITA Software's technology is used daily by millions of travelers. Its shopping system searches billions of combinations of flights and airfares in order to deliver better and more comprehensive results for a wide range of travel searches.
Goodwin Procter LLP attorney Jocelyn Arel represented ITA Software in this transaction.