Travelsoft strengthens its global presence with…

Travelsoft Becomes Global Leader in Travel Technology with Three New Acquisitions

• TravelgateX, ATCORE i technology Travel connection technology join Travelsoft to create a global travel technology player, with platforms supporting all the mission-critical software and back office needs of the global leisure travel industry;

· Travelsoft’s technology will now be used to transact €35 billion a year as the team grows to 600 specialists worldwide;

· The number of companies in the Travelsoft group reaches seven, and each of them retains its brand, management team and technology platform.

Travel technology group Travelsoft has announced three acquisitions in its growing portfolio of companies.

Spanish company TravelgateXborn in Great Britain ATCORE technologyand Romanesque Travel connection technology these are the latest acquisitions seen by become is a global player in technological solutions for the leisure tourism industry

The group’s technology processes transactions worth €35 billion annually.

The news comes after TravelgateX revealed yesterday that it had joined the group in front of more than 450 attendees at its annual CON-X partnership conference in Majorca.

The new additions to the group mean that Travelsoft –which previously acquired Eventiz Group in May this year, Travel Compositor in 2023, and Traffics in 2022 – is currently present in over 80 countries, has 400 major clients and 1,000 travel service providers worldwide.

Its recurring revenues of up to €100 million per year leave room for “strong” organic growth potential Group now believes it can “solve all the problems that tourism businesses face” as well as destinations (DMOs) and tourism boards.

As with each previous Travelsoft acquisition, each brand will retain strong autonomy, including retaining its name, brand identity, leadership teams and technology platforms.

As part of this, Pedro Camara and Sandra Chinappen from TravelgateX; Dave Cruickshank, Andy Lennon and Mike Wright of ATCORE Technologyl and Alexandru Elisei of Travel Connection Technology will remain in their leadership positions.

The latest acquisitions were made possible thanks to a “significant” reinvestment from Christian Sabbagh and CAPZA, who “strongly believe” in the potential of this combination and the opportunities it will create for the group.

Christian Sabbagh, founder and CEO of Travelsoft, said the deal was a step forward. He said: “These three acquisitions represent a huge step forward for us in our mission to become a global leader in the travel SaaS industry.

“But we will not stop there and will remain committed to further growth both through innovation and further acquisitions.

“The addition of TravelgateX, ATCORE and Travel Connection Technology, each with cutting-edge technology and outstanding leadership teams, further enhances our value and relevance to customers and supplier partners around the world – while creating many synergies and innovation opportunities within the group, which partners They will take advantage of it quickly.”

Guillaume Basquin, partner at CAPZA Flex Equity Mid-Market, said: “We are thrilled to announce this important milestone for Travelsoft, which has enabled the group to more than double in size just eight months after our initial investment.

“This achievement will significantly strengthen the group’s leading position, especially in Europe.

“Supporting talented and visionary founders like Christian and management in their efforts to consolidate their market internationally is the DNA of our flexible investment strategy.

“It will also accelerate our ESG roadmap to provide our clients with best-in-class green services.”

Pedro Camara, founder and CEO of TravelgateX, said: “Combining with six other great Travelsoft companies creates a group greater than the sum of its parts, which is an opportunity for mutual benefit that cannot be missed.”

ATCORE Technology CEO Dave Cruickshank added: “We have admired Travelsoft for many years, and being part of the group is an exciting next step that will drive our growth and innovation.”

Flor Kassai, partner and head of Inflexion’s buyout fund, talked about the partnership with ATCORE. She said: “We would like to thank the ATCORE team for their hard work and commitment during our cooperation.

“We are leaving the company in safe hands so it can continue to thrive under new ownership.”

Travel Connection Technology is also said to be “very excited” to join the Travelsoft family as the company believes it has “so much” to offer the group’s customers.

Travelsoft as a group is currently hiring over 600 travel technology experts around the world, operating under seven brands.

This includes the Orchestra in France; Movements in Germany and Eastern Europe; Travel composer in Spain, Southern Europe, Latin America and Asia; Eventiz Group in France; ATCORE technology in the UK; TravelgateX in Spain and Travel Connection Technology in Romania.