Radius has received a multi-million dollar global investment from shareholders in Asia Pacific, Europe and the Americas.
The three named major investors are the UK’s Portman Travel, India’s Cox and Kings, and the US’s Travel and Transport.
The capital injection will help the global travel management consortium to “rescale its infrastructure” after growth in its client portfolio, according to Chris Vasiliou, Radius’ CEO.
“This investment will allow us to take full advantage of the current market opportunity,” he said.
“Our intention is to add significant global sales and support resources as well as expand our technology offering and data management and reporting capabilities.”
Radius aims to become the company of choice for businesses looking to consolidate their global travel, said Vasiliou.
“Multinational companies are increasingly interested in consolidating their corporate travel programs,” he said.
“Radius’ global coverage and rooted regional presence make us a solid choice to partner with.”
William Tech, Travel and Transport’s CEO and chairman of Radius, said the investment is an important milestone.
“We strongly believe in the Radius brand and its unique structure, and we will continue to invest in the organization to improve our services,” he said.
“This recapitalization is vital to help us achieve our goal to become the world’s leading corporate travel management companies for global accounts.”
www.radiustravel.com