Barely a month ago we told you that the fund Warburg Pincushad bought Accelya to merge it with one of its subsidiaries and create a world leader in the tourism BPO sector. Now it is news that Accelya has gone on a buying spree to continue growing in the sector.
About Accelya
Accelya , Catalan company, a leading provider of financial and commercial solutions for the aeronautical sector, has recently been acquired by the American fund Warburg Pincus for a price of €650M. This fund owned Mercator, a global provider of product-based solutions for the tourism and transport sector.
Warburg Pincus, has merged its two companies Mercator and Accelya, creating a leading global provider of technology-based solutions for airlines, travel agencies and freight forwarders.
The integrated company will have pro forma annual revenues of more than $200M and significant capacity to invest in products and technology to remain at the forefront of innovation and service quality.
The resulting company has a broad product portfolio with complementary solutions such as revenue accounting, revenue management and revenue assurance, air cargo management, payment solutions, data analytics, cost management and commercial solutions. Accelya and Mercator customers will gain access to enhanced product and technology capabilities that will ensure the continued development of innovative solutions for the travel industry.
The entry of Warbung Pincus into the company has been the key to its growth in the sector and to its becoming one of the world's leading suppliers. On the one hand, it has built up the financial muscle to realise acquisitionsIn addition, the fact that Warbung will have the Mercator company on board was an opportunity to take advantage of the synergies between the two companies and the knowledge that Warbung Pincus had in the sector.
About Anari
Anari is a UK-based company, which provides SaaS solutions and consultancy services for airlines based on data analytics. The company will strengthen Accelya's revenue integrity and insurance solutions for airlines. Anari's revenue integrity solutions are supported by an intelligent analytics engine that offers a simplified user experience with all the necessary monitoring tools, business configuration and analytical functions throughout the passenger booking lifecycle.
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