Accelya, a provider of financial and commercial solutions to the airline industry, and Mercator, a global provider of product-enabled solutions to the travel and transportation industry, have completed their combination, creating a leading global technology-enabled solutions provider to airlines, travel agents and transport companies.
The combined group has a broadened product portfolio with complementary offerings including revenue accounting, revenue management, revenue assurance, cargo and shipping management, payment solutions, data analytics, cost management and commercial solutions.
The combined company has pro forma annual revenues in excess of $200 million, with the scale to make investments in products and technology in order to remain at the cutting edge of innovation and service quality.
John Johnston current Chief Executive Officer of Accelya will become Chief Executive Officer of the combined group whilst Jose Maria Hurtado will be Chief Financial Officer. “I am excited by the opportunity to lead an enlarged group focused on delivering outstanding customer products and service. I look forward to driving growth further, expanding the product offering and introducing new, innovative technologies,” Johnston said.
Warburg Pincus, a global private equity firm focused on growth investing and the current majority shareholder of Mercator, is the new majority shareholder in the combined company.
Adarsh Sarma, a Managing Director of Warburg Pincus, added: “We are delighted to support the combination of two great organizations focused on the travel and transport industry. Our focus will remain on providing the best possible products and services to our customers. Together, the combined group will continue to invest significantly in new product innovation and development.”Date: March 20, 2017