FLO to acquire "rtGO".
FLO Corporation, a Registered Traveler (RT) programme services provider, will acquire the "rtGO" RT business.
The company said that, after the execution of an agreement under which FLO will acquire the "rtGO" RT business of Unisys Corporation (NYSE: UIS), FLO will have access to technology to complement the marketing and distribution power of the FLO Alliance. The alliance reportedly is a strategic partnership in technology, finance, security and infrastructure.
Under the terms of the agreement, FLO will acquire the rtGO technical solution and also make ongoing royalty payments to Unisys through 2015. The transaction includes an information technology services relationship between the two parties. This requires Unisys to serve as a subcontractor to FLO
No financial details have been disclosed.
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