Amadeus, a major IT provider for the global tourism industry, has completed a USD $1.52bn acquisition of TravelClick from Thoma Bravo.
The acquisition marks an important step in the Hospitality sector for Amadeus, which has a portfolio of innovative solutions serving hotels and chains of all sizes worldwide.
TravelClick, which is based in New York City, is a leading hospitality global provider that serves more than 25,000 customers across 176 countries. It provides innovative cloud-based solutions, including an independent and mid-size hotel Central Reservation System (CRS) and Guest Management Solution (GMS), as well as business intelligence and media solutions. This portfolio gives hotels distribution reach across all channels, both digital and traditional. It also allows them to improve digital interaction with guests, increase revenues and performance, reduce costs and create a strong brand.
TravelClick will become part of Amadeus’ Hospitality customer unit, which will be led by Francisco Pérez -Lozao. Initially TravelClick will be a distinct entity within the unit maintaining the acquired company’s brand, which will be known as ‘TravelClick, an Amadeus company’.
“There’s a huge opportunity in the hospitality market for a technology provider that can unite separate systems and give hoteliers a single view of their guests, in turn allowing them to serve the customer better, drive new revenue opportunities and manage their costs,” said Pérez-Lozao.
As part of the acquisition, approximately 1,100 TravelClick employees will transfer to Amadeus with immediate effect.