Established in 1982, started as a private software house under the parent company of Formula Vision Technologies, Ltd., specializing in the development, marketing and implementation of computer applications for the air transport and travel industry markets for the use of airlines, tour operators, tourist services and distribution networks. Formula Vision is a Managing holding company for emerging companies who develop and promote Proprietary IT Solutions targeting International Markets. The Formula Group is one of the largest software groups, operating internationally.

FTS has earned its reputation through its commitment to high quality products, excellent service and customer satisfaction. All team members are experts in their fields; listening carefully to their customers' needs. With over 20 years of experience in travel management, technology and software development, FTS has provided its worldwide customers with solutions that have enhanced their businesses and improved their positions in the market. FTS has accumulated vast and valuable know-how and experience in information systems, state-of-the-art technology in airline and travel industry commercial operation. Their expertise and products are successfully distributed on five continents.