TradeMe buys BookIt

TradeMe has bought online start-up BookIt. Photo / Nigel Marple

Fairfax-owned internet trading portal TradeMe has bought Dunedin-based online booking company BookIt.

TradeMe's Travelbug site will take over BookIt's existing agreements with service providers, suppliers and reseller networks.

"Users of Travelbug and our reseller network will be able to choose from a deeper selection of accommodation and a broader range of products, including activities like skiing and sightseeing tours. Suppliers to BookIt and Trade Me will benefit from a larger audience," TradeMe head of travel Alex Fala said.

The Dunedin-based company was ranked 293rd in the Asia Pacific-grouping of the Deloitte Technology Fast 500, after logging 150 per cent growth over years.

BookIt's three staff members would continue as TradeMe employees.

- NZPA