London-based Out4You runs the TravelGay websites including TravelGayAsia.com and TravelGayEurope.com, which attract tens of millions of unique visitors per year.
Darren Burn, who founded OutOfOffice.com in 2016, told TTG that the company was now looking to raise more funding from investors to drive further growth.
"I am hugely excited about the future of these two brands,” he said. “We are now in a really strong position for our next round [of funding] and are actively talking to a number of corporate advisors who will be handling this series of funding."
TravelGay’s websites specialise in providing LGBT travel content including information about hotels, gay clubs and gay bars. Burn said the acquisition would “cement OutOfOffice.com’s position in the market as the world’s leading LGBT travel brand”.
“We have had two hugely lucrative years since the launch of OutOfOffice.com and this success has enabled us to now look at strategic acquisitions to grow our customer base and also our LGBT product offering,” explained Burn.
“We have ambitious plans to expand the existing TravelGay websites, monetise them further and unify them under a new domain TravelGay.com, which will become the world’s leading resource for LGBT travellers.”
Burn said that TravelGay’s sites were the “best performing” in the LGBT travel market for annual turnover as well as the number of room nights sold per year.
TravelGay founder Nigel Phillips added: “We are pleased to have found a business that we believe can take what we’ve started to the next stage.
“We’ve followed Darren and his team at OutOfOffice.com for some time and are impressed with their future plans for the TravelGay brand.”
Burn said plans for the TravelGay brand include partnering with more LGBT business around the world, as well as launching redesigned websites and adding more countries to increase coverage to “ensure that all four corners of the globe are covered”.
OutOfOffice.com specialises in putting together tailormade LGBT-friendly holidays to destinations such as the Galapagos islands, Maldives, Mauritius, South Africa, Canada and Australia.