Traveltek newest to be acquired by Juniper Group

Journey know-how specialist Traveltek has been acquired by Juniper Group for an undisclosed sum.

Scotland-based Traveltek, which focuses on cruise and dynamic packaging know-how, is the newest in a spate of latest acquisitions for Juniper Group, which is a part of Vela Software program and Constellation Software program.

A press release stated Traveltek will “leverage Juniper’s expansive international community and industry-leading product portfolio, additional enhancing the corporate’s distinctive worth for purchasers and companions.”

Juniper Group stated the acquisition will strengthen its presence in the UK, North America and Australia.

Traveltek was based greater than 20 years in the past and has expanded its current into the US in recent times. The firm obtained funding of £1.3 million in 2021 to develop its packaging know-how.

Previous to that Traveltek had introduced funding of £5.3 million in 2016 with the funding focused for the corporate’s worldwide progress technique.

Mal Barritt, CEO of Traveltek, stated: “Main Traveltek into this new chapter is a proud milestone. This provides our prospects unparalleled entry to a broader array of assets and industry-leading merchandise. Importantly, it additionally gives an thrilling and sustainable dwelling for Traveltek, the place our crew can have new progress and improvement alternatives.”

Jaime Sastre, CEO of Juniper Group and founding father of Juniper Journey Know-how, stated: “The corporate’s proficient administration crew and high-performance know-how stack are a unbelievable addition to our portfolio of journey software program corporations. Collectively, we are able to ship extra complete options and meet the complete vary of know-how wants for our prospects and companions.”

Juniper Group acquired Vervotech in August 2023 and extra just lately acquired Lleego, a flight administration know-how specialist. In the meantime, Canada-based Constellation Software program, the mum or dad of Juniper and Vela, acquired Peakwork final 12 months and invested in Roibos, a market connecting hoteliers and journey suppliers.

In an interview within the PhocusWire studio at Phocuswright Europe earlier this 12 months, Sastre mentioned how Juniper, Vela and Constellation match collectively and the technique for getting journey corporations. Watch the complete dialogue under: