New York, NY — November 2023 — Vertica Capital Partners, a growth equity firm focused exclusively on mission-critical vertical software, today announced the formation of Expedition Software through the strategic combination of Rezdy, a market-leading booking platform in the Asia-Pacific region, and Regiondo, a leading tours and activities software provider in Europe.
The combination creates one of the largest dedicated booking and management platforms for the global tours and activities industry.
A Category-Defining Combination
Rezdy and Regiondo are each recognized leaders in their respective geographies, providing tour and activity operators with reservation management, availability optimization, payment processing, channel distribution, and business analytics. Together as Expedition Software, the combined entity serves thousands of operators across two continents with the scale and resources to invest in product innovation and global expansion.
The tours and activities sector represents one of the largest and fastest-growing segments of the global travel economy, yet technology adoption among operators remains low compared to other hospitality categories. This gap creates significant opportunity for a purpose-built platform that can help operators modernize their businesses and reach more customers.
Building on a Proven Playbook
The formation of Expedition Software reflects Vertica’s experience in the tours and activities vertical, most notably through its partnership with the founders of FareHarbor, which grew from less than $5 million in funding to 30x revenue growth and over 70% market share before its acquisition by Booking.com. The FareHarbor team’s founders now serve on the board of Expedition, contributing their industry expertise to the firm’s investment activities.
Vertica will apply its operational capabilities to support Expedition Software’s growth, including go-to-market acceleration, product development, talent acquisition, and strategic M&A to expand the platform’s geographic and functional reach.
“The tours and activities market is at an inflection point, and we believe the opportunity to build a global category leader is compelling. Rezdy and Regiondo each bring market-leading positions, loyal customers, and excellent teams. Together as Expedition Software, they have the foundation to become the platform of choice for operators worldwide.” — Vitaly Vorobeychik, Managing Director and Co-Founder
About Expedition Software
Expedition Software is a global booking and management platform for the tours and activities industry, formed through the combination of Rezdy and Regiondo. The company is backed by Vertica Capital Partners.
About Vertica Capital Partners
Vertica Capital Partners is a growth equity firm managing over $1 billion in capital focused exclusively on mission-critical vertical software and tech-enabled service businesses. For more information, visit www.verticacp.com.