Press Release, September 29

TravelOperations receives major investment from Peter Mægbæk

TravelOperations, the integrated mid and back-office solutions provider for the travel sector, has announced a new investment deal to fund their large-scale, international growth strategy. Peter Mægbæk, a leading Danish entrepreneur and founder of multiple successful Danish tech companies, including Fullrate, Plenti and, most recently, Fastspeed, is investing heavily in TravelOperations. This is a significant vote of confidence in the Copenhagen-headquartered company serving travel agencies across the globe.

“I’m convinced it is the solution of the future for the travel industry.” 

Peter Mægbæk

“We are delighted to have Peter on board,” says Michael Holst Andersen, General Manager of TravelOperations. “His extensive experience with multiple SaaS and consulting companies will be invaluable to us as we implement our growth strategy, win new customers and expand our markets. With this new investment, we will continue to develop our people and launch new products and digital solutions. We have the expertise and finance to support new and existing travel customers through these challenging times.”

Peter Mægbæk has also expressed his confidence in TravelOperations’ growth strategy. “I’m excited to be working with the TravelOperations team,” says Peter Mægbæk. “There’s no denying this is a really tough time for the travel industry. But TravelOperation’s platform is already helping corporate and small and mid-sized travel agents to automate their processes, boost efficiency and drive new business opportunities. I’m convinced it is the solution of the future for the travel industry.”

“Visionary travel agents are using this time to implement automated digital solutions.” 

Michael Holst Andersen, TravelOperations

“This is an exciting time for TravelOperations,” continues Michael Holst Andersen. “Despite turbulent times for the travel sector, we are winning and on boarding new customers. We are finding that travel companies are using this time to plan for the future and, crucially, to implement our future-proof digital solutions. Visionary travel agents are realizing they need to digitize rapidly to ensure business resilience and growth.”

The new capital will be used to speed up the investments in customer acquisition, product capabilities, deeper integration with industry players, and geographical growth. These features, offerings, and our people will help drive the conversion into the TravelOperations SaaS model.

ENDS

Notes:

Editorial enquiries to Michael Holst Andersen, General Manager, mha@traveloperations.com, +45 31 383877

TravelOperations is a Gold Certified Microsoft Partner. They combine standard Microsoft Dynamics 365 with travel-specific add-ons to provide travel agency management software, including mid and back office and CRM that enables corporate and SME travel companies to automate their processes and systems.

Peter Mægbæk is an investor and business leader, active in a number of IT and Tech companies. His extensive experience includes senior positions in major telecoms and media companies, including CEO of Danish TV channels Viasat and TV3. Peter Mægbæk also holds an MSc in Economics and Business Administration and an Executive MBA from Copenhagen Business School.

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© 2020 Travel Operations A/S.

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