Travelsoft acquires Travelcompositor

The SaaS/Travel leader in Europe acquires Travelcompositor

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 Express 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.

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.