TripStax, the dynamic business travel technology start-up, has declared the acquisition of the online booking platform TapTrip. This strategic development has enabled the software mogul to strengthen the range of services it can offer for travel management companies (TMCs) by acquiring the online booking platform TapTrip.
TripStax offers a modular stack of travel tech tools
The software company launched on the market three months ago. It is a connected modular stack of eight proprietary travel tech tools covering analytics, approval, content, docs, mobile, portal, profile, and tracking.
TripStax has acquired TapTrip from shareholders encompassing Techstars, Founders Factory, Barclays, and ATPI. The particulars of the contract have not been unveiled yet.
ATPI remains a stakeholder in TripStax, and the TMC’s clients would continue to use TapTrip as one of TripStax’s components.
According to a release, TapTrip will aid TripStax in enhancing its ecosystem of travel management applications for travel management companies (TMCs).
The co-founders of TapTrip, Tom Young and Jack Timblin, are uniting with the firm in senior management and development roles. Another existing workforce would also be moving to the company.
Neil Ruth, also one of the software firm’s founders, took an earlier exit in March before the acquisition. Ruth was the brainchild behind the leading market strategies set for the TapTrip and Vessul brands and led the business to sign a long-term agreement with an international bank for the usage of TapTrip by their business banking customers. He has ever since gone on to work for digital development partner xDesign.
Jack Ramsey, CEO of TripStax, stated that their vision for the software development company has been to enhance and develop their tech proposition organically and by acquisition.
Ramsey added that they are excited to bring TapTrip on board as part of that journey and offer their TMC clients an innovative online booking solution designed to suit the needs of their SME clients.
The acquisition is also an excellent fit for TripStax’s business because, like TapTrip, he stated that they aim to bring a fresh and disruptive approach to the business travel landscape.
TripStax was one of the frontrunners at the 2022 Business Travel Innovation Faceoff held at the Business Travel Show Europe in London in June. It begot an laudable reference behind the winner Jyrney.