Online:
Visits:
Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Combination of Accelya and Mercator Completes, Creating a Leading Global Solutions Provider to the Travel Industry

Monday, March 20, 2017 7:36
% of readers think this story is Fact. Add your two cents.

(Before It's News)

  • John Johnston appointed Chief Executive Officer of the combined group; Jose Maria Hurtado appointed Chief Financial Officer
  • Combined company benefits from complementary products and global footprint
  • Enhanced product and technology capabilities

Barcelona, Dubai, March 20, 2017 – Accelya, a leading 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, today announced the successful completion of 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. Customers of Accelya and Mercator will benefit from enhanced product and technology capabilities, which will ensure the continued development of innovative solutions for the travel and transport industry. With a global footprint and more than 400 clients worldwide, including 250 airlines, the new company is at the forefront of automation, helping customers manage their financial processes more efficiently, minimizing revenue leakages, reducing operational costs and optimizing management of their indirect distribution channel. 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. Mr. Johnston commented, “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.” 

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.”

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.