Expedia, Inc. today announced that it has entered into an agreement to acquire Mobiat, creator of best selling mobile travel applications including FlightTrack. The deal marks Expedia's most significant investment to date in addressing the mobile travel market, and accelerates the company's ability to enable mobile travel shopping and booking across multiple platforms. With the pace at which mobile traffic to Expedia sites is exploding, we wanted the right team to help us address the sizable opportunity swiftly and successfully, said Dara Khosrowshahi, CEO of Expedia, Inc. In its first two years since it was founded in 2008, Mobiata has developed a host of best selling travel apps, including FlightTrack, which has ranked a Top 5 best selling iPhone travel app; best selling itinerary manager app TripDeck and best selling hotel booking app HotelPal.
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