The Scottish software developer has raised fresh private equity backing to advance its booking platform and grow its American footprint.
"The pandemic has, and continues to be, a massive challenge for the travel industry, but over the past 16 months, Traveltek has used the time wisely to remain focused on evolving and innovating its product range. The announcement of the £1.3 million investment allows us to expedite the journey to not only reinvent and rebuild our core product , but also create the world’s leading travel technology platform."
The fire and electrical compliance provider completed its primary buyout led by YFM Equity Partners.
"Over the last 30 years, RGE Services has established a solid reputation as a supplier which is trusted by public sector organisations. We understand the high levels of customer service they need in order to ensure that all types of electrical, fire and security projects are safe for users, and also to enable them to demonstrate that a robust compliance procedure has been followed."
The funding from YFM will support infrastructure development, proprietary platform expansion, and international growth.
"Our ambition has always been to create exceptional visual effects to support our clients’ needs whilst endeavouring to create a better work/life balance for our employees and pursuing a progressive culture."
YFM Equity Partners backed the Manchester consumer insights business to support international expansion and team growth.
"The Vypr platform has proved able to provide them with this valuable intelligence in less than an hour – it eliminates the need for expensive research and reduces the number of failed product launches. We’ve had phenomenal feedback from clients who say it has transformed the way they work."
YFM Equity Partners has led a Series A investment into Leeds-based marketing automation platform Force24.
"In a competitive space traditionally dominated by huge American vendors, we’ve grown – at times against all odds – because we have long stood in the marketer’s corner and are not prepared to lose sight of our values. We take great time and effort to ensure our relationships with clients come first and results second. This has been crucial to our 98% retention rate."
