Travelsoft Expands Global Reach with Three New Acquisitions

Travel technology group Travelsoft announced the acquisition of three companies – TravelgateX, ATCORE Technology and Travel Connection Technology. These acquisitions elevate Travelsoft’s status as a global player in technology solutions for the leisure travel industry, whose technology currently processes transactions worth €35 billion annually.

Thanks to the integration of these companies, Travelsoft now employs a global team of 600 specialists and achieves recurring revenues of EUR 100 million per year. The group, which has expanded its presence to over 80 countries, serves 400 major clients and 1,000 travel service providers worldwide.

These acquisitions aim to address various challenges facing travel companies, destination management organizations (DMOs) and tourism boards. Each newly acquired company will retain its brand, management team and technology platform, ensuring continuity and autonomy within the group. Key leaders such as Pedro Camara and Sandra Chinappen of TravelgateX, Dave Cruickshank, Andy Lennon and Mike Wright of ATCORE Technology, and Alexandru Elisei of Travel Connection Technology will remain in their positions.

Founded in Paris in 2000, Travelsoft is a software-as-a-service (SaaS) travel company focused on simplifying the sales process of travel packages for tour operators and travel agencies by automating production and booking processes and managing marketing data. The company operates in over 80 countries under seven brands: Orchestra (France), Traffics (Germany and Eastern Europe), Travel Compositor (Spain, Southern Europe, LATAM and Asia), Eventiz Group (France), ATCORE Technology (Great Britain). ), TravelgateX (Spain) and Travel Connection Technology (Romania).

TravelgateX specializes in the B2B connectivity market, connecting buyers and sellers of hotel products via a single API. With over 1,000 partners and 50,000 bookings daily, TravelgateX facilitated transactions worth over €3.2 billion in 2023. The platform offers data management and analysis tools to optimize the booking process.

ATCORE Technology with a 35-year history provides booking platforms and multi-channel travel platforms such as ATCOM and Tigerbay. These platforms support over 23 million holidays and manage bookings worth over £20 billion a year for partners such as TUI and easyJet Vacations. Headquartered in Slough, UK, ATCORE employs approximately 200 people and is known for delivering scalable and effective solutions.

Travel Connection Technology offers software solutions for the travel industry, including analysis, strategic consulting, implementation and personalization. Its flagship product, Traviola, integrates contracting, inventory management, sales channels, reservation management and financial accounts, streamlining the way you manage and sell travel products.

Christian Sabbagh, founder and CEO of Travelsoft, stated: “These three acquisitions represent a significant step forward in our mission to become the global leader in the travel SaaS industry. We remain committed to continued growth through innovation and additional acquisitions.”

Guillaume Basquin, CAPZA Flex Equity Mid-Market Partner, commented: “This milestone enables Travelsoft to more than double in size in the eight months since our initial investment. This achievement will strengthen the group’s leading position in Europe and accelerate the implementation of our ESG action plan to offer best-in-class green travel services.”

Pedro Camara, founder and CEO of TravelgateX, expressed his enthusiasm: “Combining with other Travelsoft businesses creates greater shared benefits that are an opportunity not to be missed for everyone involved.”

Dave Cruickshank, CEO of ATCORE Technology, added: “Joining Travelsoft is an exciting next step that will fuel our growth and continued innovation.”

Flor Kassai, partner and head of Inflexion’s buyout fund, expressed gratitude to the ATCORE team for their efforts during the partnership and confidence in the new owner. Alexandru Elisei of Travel Connection Technology noted: “We are excited to join the Travelsoft family and believe we can add a lot to the group’s customer base.”