Vitec acquires the Swedish software company Travelize International AB
Vitec Software Group AB (publ) is strengthening its Nordic position in Vertical Market Software on February 3, by acquiring all shares in the Swedish software company Travelize International AB, with subsidiary. Travelize reported sales of SEK 17.1 million, with an adjusted EBITDA of SEK 4.1 million for the 2020 financial year.Travelize develops and provides a complete enterprise management system for small and medium-sized travel agencies, primarily in Scandinavia. The web-based software enables travel reservations, web publishing and administration. The system offers an array of functions