Travel technology provider TripStax has bolstered the range of services it can offer to TMCs by acquiring online booking platform TapTrip.
TripStax, which only launched to the market earlier this year when it was spun off as a standalone company by ATPI Group, offers a “modular stack” of travel technology tools for TMCs.
Following the deal, TapTrip will now become an additional module that TripStax can offer to its TMC clients, in addition to its existing services: Analytics, Approve, Content, Docs, Mobile, Portal, Profile and Track.
TripStax has acquired TapTrip from multiple shareholders including ATPI as well as Barclays, Techstars and Founders Factory. Further details of the purchase have not been disclosed.
ATPI remains an investor in TripStax and the TMC’s clients can continue to use TapTrip as one of TripStax’s modules.
TapTrip co-founders Tom Young and Jack Timblin are joining TripStax in senior management and development roles, with other existing staff also moving to TripStax.
Neil Ruth, another of TapTrip’s founders, took an earlier exit in March. Ruth led the go-to-market strategies for the
TapTrip and Vessul brands and saw the business sign a
long-term agreement with a global bank for the use
of TapTrip. He has since gone on
to work for digital development partner xDesign.
Jack Ramsey, CEO of TripStax, said: “Our vision for TripStax from the outset has been to continue enhancing and developing our tech proposition, both organically and by acquisition.
“We are excited to bring TapTrip on board as part of that journey and be able to offer our TMC clients an innovative online booking solution designed to suit the needs of their SME clients.
“The acquisition is also a great fit for TripStax’s business culturally because like TapTrip, we are aiming to bring a fresh, disruptive approach to the business travel landscape.”
TripStax was one of the finalists at the 2022 Business Travel Innovation Faceoff held at Business Travel Show Europe in London last week, when it received an honourable mention behind the winner Jyrney.