Business travel booking platform TapTrip has been acquired by TripStax, the corporate travel technology company that was recently spun off from ATPI.
Terms of the deal have not been disclosed except to say that the company has been acquired from shareholders including ATPI, Barclays, Founders Factory and Techstars.
According to a release, TapTrip will help TripStax enhance its “ecosystem of travel management applications” for travel management companies (TMCs).
TapTrip was founded in 2018 as a booking tool for the unmanaged small to medium sized businesses market.
It received undisclosed funding from ATPI in early 2020 as part of the TMC’s Endeavour corporate venture program.
London-based TapTrip, a PhocusWire Hot 25 Startup 2022 company, will become a module in TripStax’s existing offering alongside its post-booking solutions.
The company’s founders, Tom Young and Jim Timblin, are joining the TripStax management team while fellow founder Neil Ruth exited the business in March to join digital development company xDesign.
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Jack Ramsey, CEO of TripStax says: “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 officially launched earlier this year, but its technology was developed within ATPI, which continues to use its systems.