Travelsoft continues its acquisition spree with three more acquisitions.
B2B accommodation connectivity provider TravelgateX will join Travelsoft alongside booking technology specialists Atcore Technology and Travel Connection Technology.
Terms of the transaction were not disclosed, but the statement said: “These acquisitions were made possible thanks to significant reinvestment by Christian Sabbagh.” [CEO of Travelsoft] And Capza strongly believes in the potential of this combination and the huge opportunities it presents for the group. ”
The Travelsoft portfolio currently provides front- and back-office technology for the leisure travel industry. The group has 600 employees and annual recurring revenues of €100 million, according to a statement.
The latest deal comes on the heels of Travelsoft's recent acquisition of travel industry publication owner and events operator Eventiz Media Group. In line with Travelsoft's strategy, all brands will remain with their management teams remaining independent.
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said Sabbagh, Founder and CEO of Travelsoft. “These three acquisitions represent a quantum leap forward for us and are a big step towards our mission to become the global leader in travel SaaS. But we don’t stop here, we continue to innovate. We are committed to further growth through both this and further acquisitions.”
“The addition of TravelgateX, Atcore Technology and Travel Connection Technology, with their cutting-edge technology and outstanding leadership teams, further increases our value and relevance to our customers and supplier partners around the world, and brings many synergies within the group. Opportunities for impact and innovation are created and partners can benefit immediately.”
Guillaume Basquin, Partner at Capza Flex Equity Mid-Market, said: “We are excited to announce this important milestone for TravelSoft, which allows the Group to increase its size by 2 in just 8 months from its initial investment. This achievement can be more than doubled by the Group's leadership, especially in Europe, by supporting talented and visionary founders and managers like Christian in their efforts to integrate markets internationally. , which forms the DNA of our flexible investment strategy, which also accelerates our ESG roadmap to provide our customers with best-in-class green products.”
Travelsoft also acquired Travel Compositor in 2023 and Traffics in 2022.
