Travel Compositor joins Orchestra and Traffics within Travelsoft on the path to becoming the world leader in SaaS for Travel
Nine months after the acquisition of Traffics in Germany, Travel Compositor, the leading platform in Southern Europe’s markets, has also joined Orchestra within Travelsoft, the SaaS/Travel leader in Europe. Christian Sabbagh, founder and President of Travelsoft, remains the majority shareholder of Travelsoft, alongside the two founders of Travel Compositor, Manuel Aragones and Vicente Rossello, as well as the two founders of Traffics, Salim Sahi and Jens Muskewitz.
Founded in 2014 by Manuel Aragonés and Vicente Rosselló, Travel Compositor’s holistic approach to booking engines, particularly the “multi-destination” engine, and constant innovation, quickly established the platform in Southern Europe’s markets. After an excellent year in 2022, growth prospects are very significant in its historical markets in continental Europe, as well as in emerging markets such as Latin America and Asia. Its stakes in startups MOGU and Top Group Expres will also join Travelsoft.
The investors who participated in Travel Compositor’s only fundraising round in 2016, including Caixa, Capital Risk, Inspirit (Didac Lee), Hotusa Ventures, and Venture Cap II, will exit at 100%, multiplying their investment by 12 to 15 times depending on the results of the coming years, with part of the payment being deferred.
Travelsoft will now transact bookings in the order of 5 billion Euros annually through over 300 tour operators connected to 600 suppliers in over 40 countries, mainly in Europe and the Americas. With over 200 travel technology experts, Travelsoft will generate revenues of over 35 million Euros, including 32 million Euros in annual recurring revenue (ARR). The company has an R&D investment capacity of over 5 million Euros per year. With this second acquisition in less than 12 months, Travelsoft is the natural consolidator of its industry on a global scale. Other acquisitions are already under consideration.
Each of the Travelsoft Group’s companies will maintain strong autonomy and implement synergies that make the most sense in their respective products and markets.
Manuel Aragonés, co-founder of Travel Compositor, says: “We are very excited to join such a global project to further build out our tech edge and business. Less than 9 years after the creation of Travel Compositor, we are entering an exciting new phase of accelerated growth in Europe, Latin America, and Asia.”
His co-founder Vicente Rossello sees “significant potential for synergies and new developments between the different platforms of the Travelsoft group, particularly in terms of direct connectivity with airlines and hotels and in the various upcoming innovations.”
Christian Sabbagh: “We share with Manuel and Vicente an entrepreneurial culture that facilitated this merger. It is a new step in Travelsoft’s strategy to serve its customers in all geographies with platforms adapted to each ecosystem and sharing best practices. The need for booking platforms is growing, and we are responding even better by welcoming Travel Compositor.”
About Travel Compositor:
Founded in 2014 in Palma, Travel Compositor is the only truly holistic system for creating, booking, and selling travel on any channel, saving 90% of the time for finding and booking and offer. Travel Compositor provides omni-channel travel management and booking systems, allowing tourism industry actors and retailers in general to easily sell their own and third-party travel services on a global scale. Travel Compositor also act as a travel organizer for its B2B customers. www.travelcompositor.com
About Travelsoft:
Founded in Paris in 2000, Travelsoft specializes in software that makes it easier for the tourism industry to sell travel packages by solving technological core issues: automating production and booking on one hand, efficiently handling data for marketing purposes and increasing conversion rates on the other. Travelsoft operates in 15 countries with various platforms adapted to the specific needs of each local market. The company leverages synergies between its different platforms, particularly in terms of global connectivity to airlines and hotels.
