Through this acquisition, Abingdon Software Group expands its portfolio of mission-critical software products. According to the company, the acquisition of DCS plus will accelerate innovation, open new markets, and further strengthen its position as a trusted technology partner for the global travel industry.
The company is based in Bucharest and has been operating since 2002. Financial terms of the transaction have not been released.
“DCSplus is an outstanding example of a global SaaS company with a loyal client base and highly competitive products. We are excited to support the next phase of growth and help expand the brand’s global reach,” said Asheque Shams, CEO of Abingdon Software Group.
Backed by Abingdon Software Group, DCS plus will accelerate the deployment of AI across its platform to help travel agencies cut operating costs, unlock content, personalize offers at scale, and make faster, data-driven decisions.
“We are proud of the journey of dcs plus and of the amazing team that has built, over the past 20 years, a global technology company born in Romania. Joining forces with Abingdon Software Group gives us the resources and the strategic framework to accelerate our international growth and continue innovating in an industry undergoing deep transformation,” said Cristian Dinca, Founder and CEO of DCS plus.
The Romanian travel tech company has historically received an undisclosed investment from Czech Credo Ventures, which brought its total investment raised to $6.2 million, alongside previous investor Earlybird Venture Capital.
“We strongly believe that DCS plus has developed a very strong suite of products for travel industry, and has the potential to not only become a leading provider of travel software, but also make the market more efficient and transparent for the travelers”, stated Ondrej Bartos, General Partner at Credo Ventures back then in 2017.
Now, he confirmed for Seznam Zprávy that alongside one of the previous investors, Credo Ventures sold its share.
