Aviation distribution technology company Verteil Technologies has signed up 30 global airline companies and plans to add another 60 by the year-end.
Founded by Jerrin Jos and Satheesh Satchit, who have experience in airline passenger reservation systems, Verteil was seed-funded by the Kerala State Industrial Development Corporation (KSIDC) with a soft loan of ₹25 lakh in 2016.
The arrival of the internet had provided an opportunity to look beyond the legacy Global Distribution System (GDS) for transactions between travel service providers like airlines and hotels, and travel agents.
Verteil sensed an opportunity when IATA introduced the New Distribution Capability (NDC), a technology standard that aims to transform the way airline…