Press for Software, Systems and Services

Google Inc. signed a definitive agreement to acquire ITA Software Inc., the company that revolutionized air fare shopping, for $700 million in cash. The deal requires regulatory approval.

On a telephone call with analysts and reporters, Google chief executive Eric Schmidt said airline travel and search represent a “perfect opportunity for more innovation, more investment and more interesting products.”

Reveal Imaging Technologies, Inc., a developer of industry-leading threat detection solutions, today announced that the Reveal CT-80DR Explosives Detection System (EDS) participated in the European Civil Aviation Conference (ECAC) Common Evaluation Process of security equipment (CEP) and is the first to pass the new European Union Commission Regulation Standard 3.

-ITA Software, Inc., a flight information software company, and Google Inc. (NASDAQ: GOOG) today announced that they have signed a definitive agreement for Google to acquire ITA for $700 million in cash, subject to adjustments.

“ITA’s very talented team has created an impressive product to organize flight information”

“ITA’s very talented team has created an impressive product to organize flight information,” said Eric Schmidt, Chairman and CEO of Google. “Their technology opens exciting possibilities for us to create new ways for users to more easily find flight information online, and we’re looking forward to welcoming them to Google.”

Demandware, Inc., the global leader in on-demand ecommerce, today announced that Theory, the global fashion brand, recently launched a new online retail site using the Demandware® eCommerce platform. The site is Theory's first foray into ecommerce and part of a broader strategy for expanding its reach to dedicated consumers.