New travel technology provider TripStax is making its second acquisition after striking a deal to purchase longstanding hotel booking platform Hotelzon.
TripStax, which provides a range of technology to travel management companies, has agreed to acquire Hotelzon, which has been wholly owned by Travelport since 2014. Financial details of the transaction were not revealed.
Hotelzon, which was first launched in 1972, is a B2B hotel booking platform offering 1.5 million properties to TMCs, corporates and event management companies. Hotels are available from multiple sources including leading online travel agencies such as Booking.com and Expedia.
TripStax was created earlier this year after beingspun off as a standalone company by ATPI Group. It offers a “modular stack” of travel technology tools for TMCs.
The company has already snapped up online booking platform TapTrip as it looks to “continually improve the TripStax ecosystem and support growth ambitions”.
Jack Ramsey, CEO of TripStax and formerly director of global sales at Travelport Hotelzon, said: “Since its conception, TripStax has been on the look-out for acquisitions which add relevant and complementary tech to its already powerful stack of business travel management modules.
“We are excited about the acquisition of Hotelzon as it gives us a solid opportunity to fully integrate a hotel booking module within the TripStax proposition, as well as add a serious hotel flavour to the TripStax Content module, over and above its existing air content.”
Hotelzon will be integrated as an additional module alongside existing TripStax products, such as Analytics, Approve, Content, Docs, Mobile, Portal, Profile and Track.
Ramsey said TripStax planned to “further invest” in Hotelzon’s team to “strengthen existing customer and supplier relationships and realise the full potential of this joint opportunity”.
“Our priority first and foremost though is to ensure continuity for existing customers and suppliers, making sure they have what they need, and so we will be focusing consolidating and integrating Hotelzon as smoothly as possible,” added Ramsey.
The deal to buy Hotelzon will also establish a “long-term strategic relationship” between TripStax and Travelport allowing Hotelzon to continue generating hotel bookings on the Travelport+ platform.