Amadeus on Monday announced its acquisition of Voxel, a provider of electronic invoice and B2B payment solutions for travel sellers, hotels and other travel players. This, according to Amadeus, will support its “vision to deliver a smooth travel payment experience.” It will also complement Amadeus’ payments business, Outpayce, by enhancing its existing travel sellers’ product suite, while expanding in the hospitality segment.
The addition of Voxel solutions to Amadeus’ existing offering means access to a wider range of payment services for travel sellers and a more automated way to manage invoices for tour operators, TMCs, hotel aggregators and hotels. The acquisition of Voxel will also help Amadeus better serve its corporate customers by further automating the business travel experience, from reservation and payments to expense management.
“The acquisition of Voxel brings a complementary portfolio of solutions to enrich Amadeus’ end-to-end offering, leveraging smart technology in order to benefit the wider travel eco-system and industry,” said Decius Valmorbida, president, travel, Amadeus, in a press statement. “Payments are present at every stage of the travel experience. To make the experience of travel better, it’s crucial we ensure smooth, integrated and even invisible payments.”
Àngel Garrido, CEO of Voxel, added that Amadeus’ travel and technology experts have provided “a unique opportunity for Voxel and Amadeus to grow faster, and further embed innovative and automated technology; improving not only the processes for travel sellers but also travel providers.”
Additionally, David Doctor, CEO of Outpayce, said that this acquisition will strengthen the companies’ “current end-to-end offering,” helping them “develop an integrated payment ecosystem to which travel companies can connect and access the latest fintech innovations.”
Voxel is an e-invoicing and B2B electronic payments specialist. Voxel’s Bavel Platform orchestrates an end-to-end electronic payment process. Over 50,000 hotels, 1,000 tour operators and travel companies, and 3,000 restaurants and franchises across 100 countries currently benefit from the platform. The platform is made up of Bavel Pay, Bavel Billing and Bavel Procurement, and handles more than 100 million transactions per year.
Voxel, a privately owned company, was founded in 1998, and is headquartered in Barcelona, Spain. The acquisition, which is now closed, sees over 200 Voxel employees join Amadeus.
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