Inflexion Private Equity has acquired Atcore Technology Group, the tech provider to the likes of Mark Warner, Neilson, TUI and Thomas Cook.
Atcore comprises two individual platforms: Atcom, which designs and implements reservation software for the travel industry; and Tigerbay, which is an end-to-end platform that serves specialist travel companies.
"Partnering with Inflexion, who has extensive sector knowledge and broad international reach, will further enhance Atcore’s offering and we are excited about the next stage of our growth together," says Atcore CEO Dave Cruickshank.
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"Inflexion has unrivaled experience in the travel and technology sector. Atcore is an impressive business, leading the pack with technology innovation at its core," says Simon Turner, managing partner at Inflexion.
"We are delighted to partner with such an experienced management team and help grow their market leading position."
The transaction provides an exit for mid-market private equity firm LDC, which backed the management buyout of the business from its listed-parent Anite in 2014.
The terms of the acquisition were not disclosed.