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

• Published date: 05 February 2017
• Publication title: Arab News Service

5 February 2017 (PRNewswire) 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 their intention to combine, creating a leading global technology-enabled solutions provider to airlines, travel agents and freight forwarders. Terms of the transaction were not disclosed.

Together, Accelya and Mercator will offer a broadened product portfolio with complementary offerings including revenue accounting, revenue management and revenue assurance, cargo 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 industry. With a global footprint and more than 400 clients worldwide, including 250 airlines, the new company will be 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 will have 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, Chief Executive Officer of Accelya, commented, 'Accelya has always focused on delivering exceptional customer service and I believe that together with Mercator, our customer offering will be significantly broadened. I am excited about the opportunity to work together with the Mercator...