Acceyla has agreed to buy US-based software company Farelogix for an undisclosed sum.
The deal will add more than 300 employees to the acquiror’s workforce and is due to complete this summer, pending the usual customary conditions and regulatory approvals.
Prior to closing, both companies will continue to operate as separate businesses.
Florida-headquartered Farelogix provides software-as-a-service technology for customers in the global airline and travel industry.
Its airline ommercial Gagteway platform allows organisations to price and personalise any air and ancillary offer and deliver differentiated bookings across sales channels.
The group uses its technology to grow revenue per passenger, increase efficiency and reduce costs.
Farelogix’s open onnect platforms also enables users to make and manage bookings and reservations out of the company’s reservation system without any third-party intervention.
The target serves over 25 customers worldwide, including Air Canada, Qantas, Virgin Atlantic and Emirates.
John Johnston, chief executive of the buyer, said: “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.”
The addition of the target’s software will help optimise the entire airline commerce lifecycle by allowing greater control flexibility over commercial offers, orders and downstream processes.
Formed in 1976, Accelya provides technology products and services for customers across the travel and transport industry.
It acts as a strategic partner for more than 400.00 million airlines, travel agents and shippers and manages over 5.00 billion transactions and 75.00 million tons of cargo annually.
Zephyr, the M&A database published by Bureau van Dijk, shows there have been 1,861 deals targeting software publishers announced globally in 2020 to date.
Insight Holdings Group acquired Cyprus-based Veeam Software Holding for USD 5.00 billion in the most valuable of these.
This was followed by OptumHealth snapping up naviHealth for USD 2.50 billion.
© Zephus Ltd