The firm’s core product provides travel agents and tour operators with the ability to book, search and package holidays on a single platform.
The company, founded in 2002, counts a number of top UK and international travel brands in its client list, including Hays Travel, Barrhead Travel, Stewart Travel, Sandals and Flight Centre.
Traveltek’s recent client wins include US-based JetBlue Vacations and Hotelbeds and the company plans to expand its operations in North America during the year.
Bosses said their product focus over the next 12 months would be around adding additional features and functionality plus completing the shift of its technology platform to a fully cloud-based set-up to address “evolving market requirements”.
Chief executive Mal Barritt, who previously held senior roles at Thomas Cook, World Travel Holdings and ITC Group, has led the firm since 2019.
Over the last 12 months, Barritt has driven a repositioning strategy to support Traveltek’s expansion plans and evolve the core product.
Jim McCumesty recently joined the business as head of software development from global business analytics software group SAS.
Barritt said: “The pandemic has caused seismic shifts in the worldwide travel sector, and we believe that data and technology provides a route to recovery for our clients. As we look to the future post-Covid, our ambition is for Traveltek to be a fundamental partner and facilitator on the travel industry’s recovery roadmap.
“Scotland has a great tradition in travel technology, with companies that have gone on to worldwide success. We have amazing tech talent in Glasgow and across the country, and we’re excited to welcome more people into the business as we plot our next phase of growth.”
The firm, which is backed by YFM Equity Partners and Fullbrook Thorpe Investments, is expected to announce its next external investment round by the end of the second quarter.
Traveltek recently moved its headquarters from East Kilbride to Glasgow city centre and has satellite offices in Birmingham, India, Australia, and North America.