Tripology is closing down
February 05, 2010 | Online Travel
Tripology stopped accepting travel agent payment for lead credits, terminated the Tripology staff and actively started looking for a new investor and/or strategic partner, the company said.
Tripology advised the industry that it was closing down “despite achieving one of our best revenue months in January of 2010 and enjoying months of unit-economic profitability”
“Our newest investor, very late last week, indicated they intended not to continue to fund the company as agreed in December 2009 (as indicated in a press release on the company website on December 2, 2009.),” Tripology said.
Tripology immediately stopped accepting travel agent payment for lead credits, terminated the Tripology staff and actively started looking for a new investor and/or strategic partner, the company said.
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