As part of its plan to become the top travel SaaS in the world, Travelsoft, a supplier of travel software as a service (SaaS), has announced the purchase of Travel Compositor, a B2B booking engine for travel agencies.
Travel Compositor, a company with its headquarters in Spain, is well recognized for its “multi-destination” booking engines and has a strong presence in Southern Europe and expanding into new markets in Asia and Latin America.
Travel Compositor, a SaaS company founded in 2014, generates €1 billion (about $1.06 billion) in annual bookings and €11.5 million (around $12.23 million) in revenues. It employs 90 people.
The Travelsoft group was established in Paris in 2000. Additionally, the company specializes in software that makes it simpler for the travel industry to sell travel packages by automating production and booking. In addition, it effectively handles data for marketing purposes and raising conversion rates, and now includes Travel Compositor as a member.
Via more than 300 tour operators connected to 600 suppliers in more than 40 countries, primarily in Europe and the Americas, the group will now process bookings in the range of €5 billion (US$ 5.3 Bn) annually with the addition of Travel Compositor.
Travelsoft, which employs more than 200 experts in the field of travel technology, will have an annual R&D investment capacity of more than €5 million (roughly US$ 5.32 million). In addition, the company will generate revenues of over €35 million (about US$ 37.21 mn), including €32 million in annual recurring revenues (ARR).
The company acquired Germany-based Traffics in 2022. Traffic was established in 1999 and provides cutting-edge and client-focused development of consulting, search, and booking systems for more than 6,000 travel agencies and well-known travel portals, airlines, hotels, and travel suppliers. The company has more than 1.5 billion euros in annual brokered travel sales.
A complete leisure offer, including packages, hotel nights, airline tickets, dynamic packages, and ‘a la carte’ – can be produced, administered, distributed, and managed by travel professionals through Orchestra. Through its platform Orchestra generates €2.5 billion (US$2.65 Bn) in travel sales annually.
Each of the Travelsoft Group’s companies, Travel Compositor, Traffics, and Orchestra, will continue to operate with a high degree of autonomy, including the use of their current names and brands. They also gain from the implementation of corporate synergies that are most appropriate for their individual products and markets.
“We are really delighted to join such a global effort to develop even further our tech edge and business,” says Manuel Aragones, Co-Founder of Travel Compositor. He further added that they are entering a thrilling new phase of exponential expansion in Europe, Latin America, and Asia, less than nine years after Travel Compositor was founded.
Vicente Rossello, a co-founder of the company, believes that there is “much room for synergies and new advancements within the many platforms of the Travelsoft group, notably in terms of direct connectivity with airlines and hotels and in the various impending innovations.”
“We share with Manuel and Vicente an entrepreneurial mentality that facilitated this merger and welcomes them to our company,” says Christian Sabbagh, founder, and CEO of Travelsoft. Offering platforms that are tailored to each ecosystem and share best practices with customers across all continents is a new step in Travelsoft’s business approach. As we develop the top travel SaaS in the world, keep an eye out for future acquisitions as the need for booking platforms increases, and we identify several chances for consolidation.
