East Kilbride-based Traveltek has this week announced a three year plan to grow turnover five-fold to £25m, open three new overseas offices and create an extra 200 tech jobs.
The company, which provides booking systems for many of the world’s leading travel and hotel businesses, boasts companies such as Emirates and Imagine Cruising as core clients.
Founded by entrepreneur Kenny Picken in 1995, the business has grown from a start-up to employing nearly 100 staff and turning over £4.3m.
The company processes many millions of lines of data every day, and its systems underpin the day-to-day booking operations of a growing number of travel trade businesses across the world.
Traveltek has now unveiled a three year plan to increase turnover to £25m and recruit an additional 200 staff, the majority of whom will be based at the company’s HQ in East Kilbride.
Three new offices will be opened in Sao Paulo, Shanghai and Dubai, joining Traveltek’s existing offices in Miami, Sydney and Hyderabad in India, which is a development centre.
Picken said: “We have a strong position as the booking systems supplier of choice for many of the major travel trade businesses.
“There is a significant opportunity to leverage that position and develop Traveltek into a major global technology business.
“Growth finance will enable us to accelerate that process, build a larger global footprint and create a large number of high quality technology jobs, many of which will be in Scotland.
“The right partner will share our vision and the funding will help us invest in the latest technology, new infrastructure, business systems, business development and new talent.”
The company is seeking growth finance to help drive the expansion, and will shortly start a marketing process to the venture capital, private equity and angel communities.
Last month Traveltek was voted for the second year running the world’s ‘Leading Dynamic Packaging Solutions Provider’ in the World Travel Awards.