GLOBAL travel management company Radius will receive a multi-million dollar investment from shareholders in Asia-Pacific, Europe, and the Americas. These investors include Cox and Kings from India, UK-based Portman Travel, and Travel and Transport from the US.
The capital infusion will help Radius rescale its infrastructure to meet demand from a 200 per cent growth of their client portfolio over the last three years. Over the last 18 months, leading travel agencies from the Americas, Asia-Pacific and Europe, the Middle East and Africa have joined the network.
Chris Vasiliou, president and CEO of Radius, said: “This investment will allow us to take full advantage of the current market opportunity. Our intention is to add significant global sales and support resources, as well as expand our technology offering and data management and reporting capabilities.”
William H. Tech, CEO of Travel and Transport and chairman of Radius, said: “We will continue to invest in the organisation to improve our services. This recapitalisation is vital to help us achieve our goal to become the world’s leading corporate travel management company for global accounts.”