TravelTek
Offering a suite of products to improve the productivity and efficiency of travel companies.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 22 % | - | - | - | - | 23 % | 29 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (4 %) | - | - | - | - | (18 %) | (4 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (5 %) | - | - | - | (12 %) | (11 %) | (1 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Established in the late 1990s, Traveltek has a long-standing presence in the travel technology sector, providing booking solutions for travel agents, tour operators, and wholesalers. The company was founded by Kenny Picken, who has since retired. In late 2024, Traveltek was acquired by Juniper Group, a subsidiary of the Canadian public company Constellation Software, a move intended to broaden its resources and product offerings while strengthening Juniper's presence in the UK, North America, and Australia. Traveltek's management team, led by CEO Mal Barritt, remained in place following the acquisition to ensure continuity.
Mal Barritt, a seasoned professional with over 26 years in the travel industry, was appointed CEO in 2019. His extensive background includes co-founding World Travel Holdings UK, which operates notable cruise brands, and holding senior leadership roles at companies like Destinology and Thomas Cook/MyTravel. This deep industry experience aligns with Traveltek's focus on delivering practical technology solutions for travel professionals.
Traveltek operates on a Software as a Service (SaaS) model, providing B2B, B2C, and B2B2C solutions to a global clientele. The company's revenue is generated through its technology platform that enables clients to reduce costs and increase booking efficiency. Headquartered in Glasgow, UK, Traveltek operates as a remote-first company with employees across Europe, India, Australia, and the Americas. The core of its offering is the iSell platform, a booking engine that allows travel professionals to search and book flights, hotels, cruises, and ancillary products in a single, web-based system. The platform integrates a CRM system for customer management and supports dynamic packaging, allowing agents to combine various travel components into a single transaction. Other key products include AgentConnect, a web-based cruise search tool, and a Travel API that offers connectivity to over 100 suppliers.
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