MADRID—Amadeus has agreed to acquire TravelClick from Thoma Bravo, a private equity investment firm, for $1.52 billion.
TravelClick, based in New York City, provides 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.
“TravelClick has a great team, great technology and a broad customer base, and we are looking forward to welcoming such a successful business into Amadeus,” said Luis Maroto, president/CEO of Amadeus. “Our ambition is to provide the hospitality industry with the tools they need to grow their businesses and deliver a great experience to their guests. The combination of our two portfolios will allow us to provide that to hotels of all shapes and sizes across the world.”
“This deal marks the next stage in TravelClick’s incredible journey of success in delivering groundbreaking solutions for hoteliers,” said Larry Kutscher, CEO of TravelClick. “I couldn’t be more proud of our team or more excited about the impact our combined companies will have on the hospitality industry as we begin to deliver the next generation of innovation for hoteliers.”
“This is a huge step forward for Amadeus in hospitality,” said Francisco Perez-Lozao, SVP of strategic growth businesses at Amadeus. “While we have already made strong progress with the large chains, TravelClick gives us access to the mid-chain and independent hotel segment that makes up almost three-quarters of the market. We can now serve the entire industry with a very broad portfolio of solutions and we are looking for significant growth in the years ahead.”
As part of the acquisition, approximately 1,100 TravelClick employees are expected to join Amadeus.