an industry solution for secure, automated payment processing, clearing and reconciliation for the travel and tourism industryThis is not completely a new business. The Australian arm has been in operation since 1991 and claims to already have 6,000 customers, including Australian based offline giant Flight Centre (according to the customer comment section of their website).
I wonder what if anything can be read out of the announcement that it with be the Sabre rep - James Filsinger - that will be CEO with the Amadeus rep - Laurent Chartier - coming in as the COO/number 2. Someone always has to be number one in a company even in a 50:50 JV but this is one with two competitors and one of those competitors is the boss. Could be very interesting to see or maybe I am trying too hard to find a bit of spicy conflict to liven up the story.
UPDATE - Amadeus have given us some more insight the comments section. Sadly no conflict or spice.