HRS acquires German travel billing company Itelya

Corporate lodging
platform HRS has acquired Itelya, a Germany-based travel invoice management
provider founded in 2010.

Terms of the deal
are not being disclosed but the entire Itelya team will become employees of

HRS has been
developing a financial technology for a few years and acquired
Conichi in 2019
to help build its payment products.

Now the company
says the acquisition of Itelya, which provides services in more than 180
countries, will solidify HRS’ standing as “the most traveler-centric lodging
leader and a true financial technology provider.” Itelya provides invoice
collection and data management tools to simplify payments to suppliers and VAT
reclaim for corporations.

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