30th November 2020. Cardiff. David Speakman has increased his investment in one of the UK's leading travel technology providers. His backing comes a little over a year since his first investment in the business.
Despite 2020 presenting some challenging times for the travel industry, Inspiretec has remained focused on going the extra mile for customers whilst accelerating its service and product investment strategy.
Speakman commented “Since making my initial investment October last year, the world has changed significantly with unprecedented levels of uncertainly and turbulence throughout the Travel Industry. I have been extremely impressed by the team at Inspiretec, who have continued to adapt, innovate and invest in their products and have consequently won new customers even during this crisis.”
Simon Powell, CEO of Inspiretec said “David is a great investor for our business and has been a friend for many years. We are very much aligned in our passion, vision, and opportunity for the sector.”
Simon added “David will play a key role in helping with our strategy and direction as we look to grow the business. We have exciting opportunities with our CRM and Reservations platforms across multiple sectors of the global travel market, and this will include launching our SaaS service next month. This will initially target Retail Agents, Tour Operators, Cruise Operators, Coach Operators, Resorts, Parks and Membership Organisations – across multiple countries.”
David commented “CRM and Reservation platforms are more important now than ever before as building customer relationships is something that I have been passionate about my whole life. I can see that the CRM product that Inspiretec have developed helps businesses put their customers first, and ensures they are well cared for, before, during and after their travel.”
The news comes on the back of a major innovative funding partnership with NatWest and Lombard announced earlier in the year, which when combined with David’s investments, has created a robust, well-funded and highly supportive platform to support Inspiretec’s ambitious growth plans.
The new investment sees David and Simon between them now having a controlling stake in the business.