Mize Expands: Acquires RightRez to Revolutionize Air Travel Solutions
Deal News | Feb 04, 2025 | PR Newswire Cision Mize
Mize, a prominent fintech-based solution provider for the travel industry, has announced its acquisition of RightRez, a company well-regarded for its expertise in air automation and post-booking optimization within the air travel domain. This strategic acquisition is poised to expand Mize's fintech offerings across multiple verticals, extending its reach from accommodation solutions to now encompass air travel. Mize, which currently serves over 200 global clients, aims to integrate RightRez's innovative air travel solutions with its AI and data analysis technology, significantly enhancing operational efficiencies and offering new growth opportunities. Dor Krubiner, the CEO and co-founder of Mize, emphasized that this acquisition aligns with Mize's strategic vision to become a leader in multi-vertical fintech services. RightRez's integration promises to strengthen Mize's offerings and generate added value for the combined customer base. The collaboration marks a significant step for Mize as it continues to leverage technology to drive smarter travel experiences. Both companies anticipate that the integration will foster substantial innovation and growth in the ever-dynamic travel industry.
Sectors
- Fintech
- Travel Technology
Geography
- Israel – Mize is based in Tel Aviv, Israel, indicating the geographical origin of the acquiring company.
Industry
- Fintech – The acquisition involves Mize, a fintech company specializing in solutions for the travel industry, highlighting advancements in financial technology applications.
- Travel Technology – Mize's acquisition of RightRez underscores activities in the travel technology sector, focusing on air travel solutions and post-booking optimizations.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Mize | Acquirer | Company | A leading provider of fintech-based solutions for the travel industry, serving over 200 clients worldwide. |
RightRez | Target Company | Company | A company specializing in air automation and post-booking optimization in the air travel sector. |
Dor Krubiner | CEO & Co-founder | Person | CEO and co-founder of Mize, involved in the strategic acquisition of RightRez. |
Omry Litvak | COO & Co-founder | Person | COO and co-founder of Mize, commenting on the acquisition benefits. |
Maria von Foerster | CEO | Person | CEO of RightRez, highlighting the strategic benefits of the acquisition with Mize. |