Orbitz Worldwide, Inc. is a part of Expedia and is headquartered in Chicago, Illinois.
Image: company website
Previously a separate company, it was purchased by Expedia in a $1.3 billion deal that was announced in February 2015 and closed in September 2015. Orbitz Worldwide Inc was a separate company earlier and it was then acquired by Expedia in a deal that was announced in Feb 2015 and was finally closed in September 2015.
The deal was valued at $1.3 billion. The company is currently headquartered in Citigroup Center, Chicago, Illinois.
Orbitz.com is a part of the flagship brand Orbitz Worldwide and has been operational since 2001. It can be said that Orbitz was founded by the airline industry in response to the boom of various online travel companies like Expedia and Travelocity and was also a feasible way to reduce airline distribution costs.
Various airlines like Continental Airlines, Northwest Airlines, Delta Airlines and United Airlines invested close to $145 million in this project. It was initially called T2, meaning ‘Travelocity.Terminator’, which was later changed to Orbitz in February 2000. The company started beta testing and in June 2001, Orbitz.com was officially launched.
Orbitz operates on a mixed Red Hat Linux and Solaris powered platform and adopted Sun Microsystems’ Jini platform early in a Java environment which was clustered. It has released some parts of its CEP (Complex Event Processing) infrastructure as Open Source. Orbitz filed for an IPO in August 2003 and lost close to $5.3 million in the first half of 2003 based on a revenue of $107 million.