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M&A
Travelsoft acquires TravelgateX, Atcore Technology, and Travel Connection Technology
Travel Tech
May 23, 2024
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May 23, 2024

Travelsoft acquires TravelgateX, Atcore Technology, and Travel Connection Technology

M&A

  • Travelsoft acquired three companies: TravelgateX, a B2B provider of accommodation connectivity; reservation technology specialists Atcore Technology; and Travel Connection Technology. The acquisitions were enabled by a significant reinvestment from Travelsoft's CEO, terms of which remained undisclosed.

  • Post-acquisition, Travelsoft plans to use these companies to strengthen its presence as a global leader in travel SaaS, now offering front- and back-office technology. The acquired brands will continue to operate on a standalone basis while retaining its management teams.

  • TravelgateX enables connectivity and data sharing between travel accommodations and businesses. Atcore Technology is known for its reservation technology, which helps streamline bookings and cancellations. Travel Connection Technology offers solutions to facilitate travel arrangements .

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