Accelya have announced an agreement to acquire Farelogix. Following on from the Competition and Market Authority ruling in the UK that prohibited the Sabre Farelogix deal, Accelya and their owners Vista Equity Partners Perennial have seized the opportunity to step in and acquire Farelogix. Whilst there is nothing in the press release on the value of the deal, T2RL believe it will be close to the original price offered by Sabre perhaps less a portion of the Sabre paid break up fee. This is undoubtedly a bold move from Accelya and their backers Vista given the current industry crisis. For T2RL this means Accelya and their backers have confidence in their role and the recovery and the long-term health of the airline industry. From T2RL's perspective Accelya Farelogix have no overlap in capabilities and the sales and marketing teams work with different groups inside the airlines. T2RL believes this should ensure that the regulators approve the deal and are able to deliver on their vision of a single end to end platform that supports offer creation through to settlement. With capabilities in revenue management, merchandising, order management, ticketing and revenue accounting functions on offer one of the key challenges will be the economics and contractual issues associated with integration with the existing PSS/GDS providers, Amadeus, Sabre and Travelsky. In the past this forced Farelogix to develop capabilities associated with ticketing and legacy EDIFACT messaging, now they may want to develop inventory and departure control capabilities too, or acquire them.