Travelsoft aquires Travel Compositor to expand software-as-a-service

Software-as-a-service group Travelsoft has acquired Travel Compositor , a B2B provider of travel booking engines, with the goal of becoming “the world’s leading SaaS leisure travel company.” The transaction amount was not disclosed.

Travelsoft shares Travel Compositor’s entrepreneurial culture, according to Christian Sabbagh, founder and CEO of Travelsoft, which Sabbagh says aims to “serve its customers in all geographies with platforms adapted to each ecosystem.” Travelsoft group also includes brands Traffics and Orchestra.

Spain-based Travel Compositor says it is known for its multi-destination booking engines and is established in Southern Europe with a growing presence in Latin America and Asia. Travel Compositor says it brings in €1 billion in annual bookings and €11.5 million in revenue. Founded in 2014, the company has 90 employees.

“Less than nine years after the creation of Travel Compositor, we are entering an exciting new phase of accelerated growth in Europe, Latin America and Asia,” says Manuel Aragonés, CEO and co-founder of Travel Compositor. Aragonés discusses business strategies at The Phocuswright Conference in 2019.

Travelsoft says that with this acquisition, it will now transact bookings worth €5 billion annually through more than 300 tour operators connected to 600 suppliers in about 40 countries. The company also expects to generate revenue of more than €35 million annually and have a team of more than 200 technology professionals globally.

Founded in Paris in 2000, Travelsoft says it specializes in software that “makes it easier for the tourism industry to sell travel packages by automating production and booking, efficiently handling data for marketing purposes and increasing conversion rates.”

Travelsoft says the three companies – Travel Compositor, Traffics and Orchestra – will keep their names and brands.

“The need for booking platforms is growing, and we see many opportunities for consolidation, so watch out for more acquisitions as we build the world’s leading travel SaaS,” Sabbagh says.