Dubai’s TPConnects bags investment from Flight Centre Travel Group
Dubai-based leading providers of SaaS-based travel technology solutions, TPConnects Technologies LLC, bagged investment from Flight Center Travel Group(FCTG), which is boosting its tech platform with the acquisition of a 22.47% stake in TPConnects.
The company is known for its helping airlines and travel agencies to retail travel; it’s a cloud-based software that helps organizations distribute travel products, all of which while keeping control of customers.
It’s actually one of the first travel technology companies that are focused on the International Air Transport Association (IATA) ‘s key transformational projects, the New Distribution Capability (NDC), and ONE Order projects that were launched to simplify airline distribution and modernize it.
Founded by Rajendran Vellapalath in 2012, TPConnects will continue to be run by Rajendran along with his management team. The company also entered a commercial agreement to give access to its SaaS functions to Flight Centre Travel Group (FCTG), which will also use its IATA NDC Certified Travel Aggregator platform.
Greg Parker, Executive Manager of FCTG’s Global Air Distribution Business, said: “This investment ensures we are at the forefront of developments in an exciting new era of distribution and connectivity and that our company and customers have access to the widest choice of airfares and content, including offers that sometimes sit outside the traditional channel.”
He further elaborated: “The TPConnects SaaS platform enables agencies to intelligently control content sources across all major GDS providers, as well as directly connected NDC application programming interfaces (APIs), ensuring the best content is surfaced for customers.”
As the UAE continues to be an investment hub, don't miss out on the latest investment trends by accessing our Key UAE Investor Trends report HERE