Accelya being acquired by Vista Equity Partners
MAJOR global provider of financial, commercial and analytics solutions to the airline and travel industry, Accelya, is being acquired by US-based investment firm Vista Equity Partners (Vista), that focuses on enterprise software, data and technology-enabled businesses
MAJOR global provider of financial, commercial and analytics solutions to the airline and travel industry, Accelya, is being acquired by US-based investment firm Vista Equity Partners (Vista), that focuses on enterprise software, data and technology-enabled businesses.
Vista's investment in Accelya is the first made by the firm's permanent capital investment fund Vista Equity Partners Perennial (Perennial), which is focused on growing industry-leading vertical software companies through long-term investments in product expansion and feature enhancement.
Accelya has been at the forefront of travel and transport for more than 40 years and provides solutions spanning the airline lifecycle encompassing financial, commercial and cargo and logistics processes to over 400 clients across the globe.
Accelya's mission-critical insights, solutions and services allow customers to stay at the leading-edge of industry change and provide scaled industry platforms that process more than 5 billion financial transactions annually.
John Johnston, Chief Executive Officer of Accelya, said: 'Our clients count on us to deliver data-driven insights, efficiency and unrivaled value in a highly competitive industry, while also managing risk and compliance and delivering an excellent customer experience.
'Vista shares with us a long-term view and focus on product innovation that will allow us to accelerate the expansion of our solutions to propel our clients forward in the dynamic travel marketplace.'
Like Vista's other investment strategies, Perennial invests in mission-critical, enterprise software businesses seeking to sustain market leadership and advance product innovation.
'Accelya is at the forefront of innovation and positioned to shape the airline and travel industry for decades to come, making it an exceptional first investment for Vista's Perennial Fund,' said Robert F Smith, founder, chairman, and CEO of Vista.
Warburg Pincus will exit its partnership with Accelya upon its sale to Vista, which is subject to customary closing conditions and regulatory approvals.