Inspiretec opens Toronto office after first year of operation

Posted by Phil Davies on

Inspiretec opens Toronto office after first year of operation

Expansion made as group sees turnover double to £8.3m in 2017 Continue reading →

A Toronto office has been opened by travel technology firm Inspiretec Group following its first year of operation.

The Canadian branch will account for 15% of group turnover and the company expects a team of 15 by the end of thre first quarter of this year.

The expansion came as Inspiretec Group saw turnover double from £4.2 million to £8.3 million in 2017.

This took the firm from break-even to earnings [EBITDA] of £900,000.

Staff numbers grew from 100 to more than 140 people.

Led by Simon Powell, Inspiretec now operates from Cardiff, London and Toronto and has clients in 12 locations across the globe including Thomas Cook, Travelopia, TTNG, Destiworld, VisitBritain, Feefo, Abercrombie & Kent and Ski Club GB.

The group, formed of four digital and travel tech companies – Comtec, Sequence, Eysys and Incentriq – has introduced a new employee benefits platform to support growing staff numbers.

The ‘One Programme’ provides new levels of flexi-time, health and well-being programmes, sabbaticals, equity participation, profit share, career breaks and extended holidays.

Chief financial officer Matt Wakerley said: “The group’s expansion into Canada is a pivotal moment in what has been a very successful year for us.

“The new Canadian team will service client and market needs overseas and Inspiretec’s products will revolutionise North American business processes.

“As well as success overseas, this year has seen great achievements on home soil. Our business wins include exciting new clients such as Shearings Holidays, Ramblers Walking Holidays and Caravan and  Mortorhome Club. We are extremely excited to see what 2018 will bring.”

Harvey Alexander, director of marketing at the Caravan and Motorhome Club, said: “We felt Inspiretec shared our vision and demonstrated the capacity for organisations like ours who are looking to achieve a step change in how they engage with their customers.”