Accelya, a leading provider associated with financial and commercial solutions to the particular airline industry, and Mercator, a worldwide provider of product-enabled solutions to the particular travel and transportation industry, nowadays announced the successful completion of their own combination, creating a leading global technology-enabled solutions provider to airlines, journey agents and transport companies.
The combined group has an enhanced product portfolio with complementary choices including revenue accounting, revenue administration, revenue assurance, cargo and delivery management, payment solutions, data analytics, cost management and commercial options. Customers of Accelya and Mercator will benefit from enhanced product plus technology capabilities, which will ensure the particular continued development of innovative solutions for your travel and transport industry. Having a global footprint and more than four hundred clients worldwide, including 250 air carriers, the new company is at the front of automation, helping customers deal with their financial processes more efficiently, lessening revenue leakages, reducing operational expenses and optimizing management of their roundabout distribution channel. The combined corporation has pro forma annual income in excess of $200 million, with the size to make investments in products and technologies in order to remain at the cutting edge associated with innovation and service quality.
John Johnston current Chief Executive Officer associated with Accelya will become Chief Executive Officer of the mixed group whilst Jose Maria Hurtado will be Chief Financial Officer. Mister. Johnston commented, “ I am thrilled by the opportunity to lead an bigger group focused on delivering outstanding client products and service. I look forward to generating growth further, expanding the product providing and introducing new, innovative systems. ”
Warburg Pincus, a worldwide private equity firm focused on growth trading and the current majority shareholder associated with Mercator, is the new majority aktionär in the combined company.
Adarsh Sarma, a Managing Director associated with Warburg Pincus, added, “ We have been delighted to support the combination of 2 great organizations focused on the take a trip and transport industry. Our concentrate will remain on providing the best possible services and products to our customers. Together, the mixed group will continue to invest considerably in new product innovation and advancement. ”
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