Seattle, WA, April 06, 2016 --(PR.com
)-- Mercator, a global provider of product-enabled solutions to the travel and transportation industry, backed by Warburg Pincus, a leading global private equity firm focused on growth investing, today announced that it has acquired Seattle-based Revenue Management Systems, Inc. (“RMS”), the industry-leading developer of innovative revenue management products. Terms of the transaction were not disclosed.
Over 70 of the world’s most profitable and fastest growing airlines deploy RMS’s AirRM, a cloud-based state of the art, revenue management, analytics, and reporting system. AirRM increases airlines’ revenues with revolutionary approaches to managing inventory and pricing. RMS has also expanded its portfolio of revenue optimization products to focus on other segments in the travel and transportation industry, including rail, cargo, and parking.
The acquisition marks Mercator’s second transaction in the travel and transportation space in less than a year and is in line with Mercator’s vision to revolutionize the way the world moves people and products. In July 2015, Mercator acquired Catapult International, a leading provider of technology-enabled solutions for freight forwarders, shippers, and carriers worldwide.
Cormac Whelan, Mercator’s Chief Executive commented, “In today's dynamic travel and transportation marketplace, the ability to react quickly to market conditions, optimize, and drive intelligence and predictability into our customers business is a strategic imperative. RMS not only has a leadership position in airline revenue management, but is now applying its state of the art predictive and optimization models to other segments of the transportation industry, including rail and cargo. We see tremendous opportunity to expand RMS’s market scope and integrate its offerings with other products in the Mercator portfolio.”
Scott Schade, Chief Executive of RMS commented, “RMS has always operated with the philosophy that its software should generate real value for clients. Mercator shares the same strategic vision. We look forward to becoming part of the Mercator Group and continuing to bring value to travel and transportation companies around the world.”
Mercator is a leading provider of software platforms and product-led solutions to the global travel, transportation, and logistics industry. We want to revolutionize the way the world moves people and products. Our mission is to build smart and powerful products that drive intelligence, predictability, and value into our customers business. For more information please visit www.mercator.com.
About Revenue Management Systems
Revenue Management Systems has been developing airline revenue management systems in cooperation with some of the most successful airlines in the world today. Their most popular product, airRM, is used by over 70 airlines including Tiger Airways, Ryanair, AirAsia, Virgin America, flydubai, and Jetstar. The company’s newest offerings are bringing forecasting and other revenue management technology to additional industries such as rail, parking, and cargo. RMS products help their users realize higher revenues and increased staff productivity. RMS, founded in 1996, is headquartered in Seattle, Washington (USA) with offices in Australia, Canada, Great Britain, The Netherlands, Spain, Singapore and Uruguay. More information about RMS may be found at www.revenuemanagement.com.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm's active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 15 private equity funds, which have invested more than $55 billion in over 750 companies in more than 35 countries. Investments in technology and business services companies have included Network International, Blue Yonder, Avalara, FIS, InComm, PayScale, Wall Street Systems and Yodlee. The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, Sao Paulo and Shanghai. For more information please visit www.warburgpincus.com.