Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

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

Posted On: 2017-03-20 12:14:09

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 the successful completion of their combination, creating a leading global technology-enabled solutions provider to airlines, travel agents and transport companies.

The combined group has a broadened product portfolio with complementary offerings including revenue accounting, revenue management, revenue assurance, cargo and shipping 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 and transport industry. With a global footprint and more than 400 clients worldwide, including 250 airlines, the new company is 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 has 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 current Chief Executive Officer of Accelya will become Chief Executive Officer of the combined group whilst Jose Maria Hurtado will be Chief Financial Officer. Mr. Johnston commented, "I am excited by the opportunity to lead an enlarged group focused on delivering outstanding customer products and service. I look forward to driving growth further, expanding the product offering and introducing new, innovative technologies."

Warburg Pincus, a global private equity firm focused on growth investing and the current majority shareholder of Mercator, is the new majority shareholder in the combined company.

Adarsh Sarma, a Managing Director of Warburg Pincus, added, "We are delighted to support the combination of two great organizations focused on the travel and transport industry. Our focus will remain on providing the best possible products and services to our customers. Together, the combined group will continue to invest significantly in new product innovation and development."

Shares of Accelya Kale Solutions Limitd was last trading in BSE at Rs.1391.55 as compared to the previous close of Rs. 1408.95. The total number of shares traded during the day was 1078 in over 315 trades.

The stock hit an intraday high of Rs. 1418 and intraday low of 1375. The net turnover during the day was Rs. 1520593.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

CRISIL A1+ rating assigned to Rs. 2000 crore CP Programme of Edelweiss Financial Services Ltd
Siyaram Silk Mills Ltd calls for Board Meeting on Nov 27, 2017
Shri Krishna Prasadam Ltd announces resignation of Directors
Palred Technologies Ltd calls for Board Meeting on Nov 25, 2017
Speciality Restaurants Ltd opens Machaan franchise restaurant at Ranchi
Yash Papers Ltd to announce Q2 results on Dec 1, 2017
Anuh Pharma Ltd to consider 2nd quarter results on Dec 7, 2017
ICRA A1+ rating assigned to Rs. 2000 crore CP Programme of Edelweiss Financial Services Ltd
Swagruha Infrastructure Ltd's MD resigns
Ground breaking for Cochin Shipyard's Global ship repair hub on Nov 17
Mayur Uniquoters Ltd Board declares Second Interim Dividend & approves Buyback of Equity Shares
ITI Limited calls for Board Meeting on Dec 14, 2017
Prataap Snacks Ltd arm launches Yum-Pie snacks
Virinchi Hospitals receives NABH accreditation
Spenta International Ltd Q2 net profit jumps to Rs. 1.19 crore
Karma Energy Ltd Q2 net profit lower at Rs. 1.71 crore
Mayur Uniquoters Ltd Q2 PAT rises to Rs. 22.51 crore
Indian Toners & Developers Limited Board to consider Dividend on Nov 27, 2017
Kiri Industries Ltd calls for Board Meeting on Nov 27, 2017
SPIC Calls for Board Meeting on Dec 4, 2017
Concord Drugs Ltd announces resignation of company secretary
Sunshield Chemicals Ltd receives order worth Rs. 28 crores
Kalyani Forge Ltd Q2 net profit slides to Rs. 1.26 crore
KG Denim Ltd Q2 loss at Rs. 0.47 crore
Reliance General Insurance enters into multi year Bancassurance partnership with YES Bank
Titan Securities Ltd announces resignation of Mr. Rakesh Kumar Gupta
Salzer Electronics Ltd reports Q2 net profit of Rs. 5.81 crore
Hindustan Hardy Spicer Ltd Q2 loss at Rs. 0.34 crore
Tube Investments of India Ltd appoints Mr. Ramesh K B Menon as additional director
Titan Securities Ltd announces resignation of Ms.Aditi Jha
NRB Bearings Ltd appoints COO
Atishay Ltd Ltd calls for Board Meeting on Nov 27, 2017
Radio City Introduces the Next Generation of FM Entertainment - Video City, India's First Video FM
Seamec Reverse Merges Group Company
Bigbloc Construction announces Q2 FY17-18 results
Confidence Petroleum India Ltd calls for Board Meeting on Nov 25, 2017
Sadbhav Infrastructure Project Ltd declares interim dividend of Rs. 0.20
Oriental Carbon & Chemicals Ltd calls for Board Meeting on Nov 25, 2017
Dynavision Ltd calls for Board Meeting on Dec 1, 2017
Shaily Engineering Plastics Ltd calls for Board Meeting on Nov 25, 2017
TAAL Enterprises Ltd appoints Mrs. Rahael Shobhana Joseph as additional director
Permanent Magnets Ltd calls for Board Meeting on Nov 30, 2017
Singer India Ltd calls for Board Meeting on Nov 27, 2017
Mercury Laboratories Ltd calls for Board Meeting On November 25, 2017
Cipla Receives Final Approval for Generic Pulmicort Respules
Bharati Defence and Infrastructure Ltd announces delivery of Vessel 409 to Indian Coast Guard
Hinduja Ventures Ltd to acquire 5.23% of Hinduja Leyland Finance Ltd from Everfin Holdings
Ashok Leyland Ltd to acquire 4.68% in Hinduja Leyland Finance Ltd from Everfin Holdings
Vidhi Specialty Food Ingredients Ltd to consider 2nd quarter results on Nov 24, 2017
Siemens Ltd calls for Board Meeting on Nov 23, 2017


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2017