Hilden-based Midoco GmbH, the leading provider of mid-office/ERP systems for travel distribution in Germany and portfolio company of Afinum Siebte Beteiligungsgesellschaft mbH & Co. KG, has acquired a majority stake in Swiss Umbrella AG.
Umbrella AG (www.umbrella.ch) is the market leader for mid-office software in Switzerland. The company offers its mid-office product “Umbrella.net” as well as “Umbrella Faces”, one of the world’s leading applications for managing profile data in the business travel sector, to travel agencies in Switzerland and Austria. In addition, Umbrella Faces is provided to corporate clients, who use the software to efficiently administer the travelling activities of their employees. Like Midoco, Umbrella.net and Umbrella Faces are provided as Softwareas-a-Service.
Midoco GmbH has been developing mid-office solutions for the international travel industry for thirteen years. In 2017, the company’s customers processed more than 10 billion euros in travel sales and 5.4 million airline tickets with Midoco’s mid-office system. Users in various markets include travel agency organisations in business and leisure travel, online travel agencies (OTAs) and virtual tour operators. Mobile travel sales also rely on the Midoco software. Afinum acquired Midoco together with BID Equity in 2016.
With the acquisition of Umbrella, Midoco broadens its market position in the travel market of the DACH-region. Furthermore, it gets access to a second mid-office product suited for French-speaking regions and to corporate clients through Faces.