Travel technology provider TripStax has strengthened the range of services it can offer TMC through the acquisition of online booking platform TapTrip.
TripStax, which was only launched earlier this year when it was launched by ATPI Group as a standalone company, offers a “modular stack” of travel technology tools for TMCs.
Following the agreement, TapTrip will now become an additional module that TripStax can offer to its TMC clients in addition to its existing services: Analytics, Authentication, Content, Docs, Mobile, Portals, Profiles and Tracks.
TripStax acquired TapTrip from multiple shareholders, including ATPI, as well as Barclays, Techstars and Founders Factory. Further details of the purchase were not disclosed.
ATPI remains an investor in TripStax, and TMC clients may continue to use TapTrip as a module in TripStax.
TapTrip co-founders Tom Young and Jack Timblin are joining TripStax in senior management and development roles, while other existing employees are also moving to TripStax. But one of TapTrip’s founders, Blue Ruth, decided to leave the business before the acquisition.
Jack Ramsay, CEO of Tripstacks, said: “From the beginning, our vision for Tripstacks has been to improve and develop our technical offerings organically and through acquisitions.
“We are excited to bring Taptrip on board as part of that journey and to offer our TMC clients an innovative online booking solution designed to meet the needs of their SME clients.
“The acquisition is also culturally appropriate for TripStax’s business because, like TapTrip, we aim to bring a new, disruptive approach to the business travel landscape.”
Tripstacks was one of the finalists at the 2022 Business Travel Innovation Faceoff held at the Business Travel Show Europe in London last week, when it received a respectable mention behind the winning journey.