Exhibit 21.2

SUBSIDIARIES



|                                                                                                                                                                                                                                |  |                                                                                                                                                                                  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|TRX Fulfillment Services, LLC  6 West Druid Hills Drive  Atlanta, GA 30329 USA  Phone: 404-929-6100  FEIN: 58-2256570  f/k/a WorldTravel Technologies, LLC                                                                      |  | TRX Data Services, Inc.  8065 Leesburg Pike, Suite 700  Vienna, VA 22182  Office: (703) 748-1280  FEIN: 54-1689385  f/k/a Arthur H. Limited d/b/a International Software Products
|                                                                                                                                                                                                                                | 
|TRX Technology Services, L.P.  7557 Rambler Road  Suite 1300  Dallas, TX 75231 USA  Phone: 214-346-4600 
FEIN: 58-1907784  f/k/a Travel Technologies Group, L.P.  f/k/a Travel
Technologies Group, LLC  d/b/a RESX Technologies |  | Technology Licensing Company, LLC  6 West Druid Hills Drive  Atlanta, GA 30329 USA  Phone: 404-929-6100  FEIN: n/a                                                               
|                                                                                                                                                                                                                                | 
|Travel Technology, LLC  6 West Druid Hills Drive  Atlanta, GA 30329 USA  Phone: 404-929-6100  FEIN: 58-2632620 (not sure)                                                                                                       |  | TRX Europe, Ltd.  f/k/a eTRX, Ltd. d/b/a TRX Europe f/k/a Fortdove, Ltd.                                                                                                         
|                                                                                                                                                                                                                                | 
|TRX Technologies India Private Limited  #5, 2nd Floor, Salarpuria Infinity  Bannerghatta Road  Bangalore, 560029
India                                                                                                          |  |                                                                                                                                                                                  



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|---------------------------------------------------------------------------------------------------- |  | ------------ |  | ------------------------------------------------------------------------------------------
|                                                                                                     |  | Location #1: |  | Pegasus House Burleys Way Leicester LE1 United Kingdom                                    
|                                                                                                     |  |             
|TRX Germany GmbH 2AM Borsigturm 17 d-13507 Berlin Germany +49 30 43 6610                             |  | Location #2: |  | Sutherland House Russell Way Crawley W Sussex RH10 1UH United Kingdom +44 (0) 1293-608-555
|                                                                                                     |  |             
|TRX Luxembourg, S.á.r.l. 38-40, rue
Sainte-Zithe L-2763 Luxembourg                                   |  |              |  |                                                                                           
|                                                                                                     |  |             
|TRX UK, Ltd. f/k/a WTT UK, Ltd Sutherland House Russell Way Crawley W Sussex RH10 1UH United Kingdom |  |              |  |