Accelya Acquiring Farelogix
Accelya has entered into a definitive agreement to acquire Farelogix.
The acquisition will advance Accelya’s vision to provide a next-generation, end-to-end platform that enables airline commerce, providing a full suite of innovative retailing, distribution, and fulfillment solutions.
Once part of Accelya, Farelogix will be well positioned to expand its operations, better support its airline customers, and leverage Accelya’s industry expertise to better interconnect airline systems.
John Johnston, chief executive officer of Accelya, said that: “The industry we serve is facing an unprecedented set of challenges requiring increased agility and integration. Accelya is at the forefront of travel and transport technology and our acquisition of Farelogix will enhance our capability to deliver an integrated Offer-to-Settlement platform and provide innovative solutions and greater choice for airlines worldwide.”
Farelogix’s CEO, Jim Davidson observed that: “Our focus on delivering high performance, PSS-agnostic technology that can drive revenue, increase brand loyalty, and reduce costs is strategically aligned with the Accelya vision and directly addresses the needs of all airlines. This acquisition represents a tremendous opportunity for Farelogix and Accelya to accelerate innovation in technologies for airline retailing, commerce, order management, and financial settlement.”
The acquisition follows Vista Equity Partners´ investment in Accelya by the firm’s permanent capital investment fund, Vista Equity Partners Perennial.
Robert F. Smith, Founder, chairman, and CEO of Vista, explained that: “The combination of Accelya and Farelogix will create a next-generation digital platform to help support airline industry recovery and enable a new era in airline commerce powered by innovation, technology, and partnership. Vista continues to believe in the resiliency and value of enterprise software, and in its long-term vision for Accelya, and we are pleased to take this next step on our journey with them.”
The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close this summer.
Go to www.accelya.com or www.farelogix.com for more.
