BID Equity and AFINUM have acquired a majority stake in Midoco GmbH based in Hilden/Germany. Since its foundation in 2005, Midoco evolved to Germany’s leading midoffice software for the travel industry. In 2015 alone, transactions worth 7.8 billion Euro were executed through Midoco’s SaaS solution. Main customer segments include business and leisure travel agencies, online travel agencies, virtual tour operators as well as mobile travel service operators.
“BID Equity is a partner with an exceptional competence in optimizing software business models. In the coming years, BID Equity will help us to further accelerate the international expansion, including inorganic Buy & Build options.”, says Steffen Faradi, co-founder and Managing Director of Midoco.