Accelya and Mercator are to join forces, which they say will a create a global technology-enabled solutions provider to airlines, travel agents and freight forwarders.
Terms of the transaction were not disclosed and the merger is expected to close in the first quarter of 2017.
Both say they 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.
They also explain 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”.
Accelya chief executive officer (CEO), John Johnston says: “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 team to drive further growth, expand the product offering and introduce new technologies.”
Mercator CEO, Cormac Whelan adds: “The combination of Mercator and Accelya will deliver tremendous value to our customers through enhanced and broadened solutions, together with a significant focus on new product development. I look forward to working with John as we integrate the two companies.”
Warburg Pincus, a global private equity firm focused on growth investing, will be the majority shareholder in the combined company following its acquisition of Accelya from Chequers Capital. Members of management will also have ownership interests in the combined company.
Accelya, is a provider of financial and commercial solutions to the airline industry, and Mercator, is a provider of product-enabled solutions to the travel and transportation industry.