Bloomberg, via the Times, reports Google could be about to spend $1 billion on ITA Software, a Kendall Square company that sells airline-scheduling applications - of the sort a giant search engine might need if it wanted to begin providing flight information for travelers.
Stephen Laniel, who once worked there, explains why the company could be worth that much: They're the only people who have really figured out how to get the cheapest fare from A to B (Orbitz, for one, is based on their software).
... ITA is sitting on the best kind of monopoly you can hope for: they've solved a problem that no one else can solve. ...