Travelsoft completes three new travel tech acquisitions

Friday, 24 May, 2024 0

Travel tech group Travelsoft has secured three new acquisitions – TravelgateX, ATCORE Technology, and Travel Connection Technology.

With the latest additions, Travelsoft, which previously acquired Eventiz Group in May, Travel Compositor in 2023, and Traffics in 2022, now has a global team of 600 with recurring revenues reaching €100 million annually.

The new additions give Travelsoft a presence in over 80 countries, with 400 major clients and 1,000 travel suppliers globally.

As with previous Travelsoft acquisitions, each will maintain autonomy, including keeping their names, brand identities, leadership teams and technology platforms.

Pedro Camara and Sandra Chinappen from TravelgateX, Dave Cruickshank, Andy Lennon and Mike Wright from ATCORE Technology, and Alexandru Elisei from Travel Connection Technology will all remain in their leadership positions.

The acquisitions were enabled with reinvestment by Christian Sabbagh and CAPZA.

Christian Sabbagh, Travelsoft founder and CEO said: “These acquisitions represent a quantum leap as we take a giant step forward to become a global leader in travel SaaS.”

“We remain committed to further growth through both innovation and further acquisitions too.”

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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

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