Seattle-based Revenue Management Systems was acquired by Dubai-based Mercator, part of global equity firm, New York-based Warnburg Pincus LLC, with details regarding the deal still under wraps.
\nAs part of the acquisition, Mercator will add RMS\u2019 AirRM software to its portfolio. At present, more than 70 of the world\u2019s leading airlines utilize the cloud-based AirRM platform to optimize pricing and inventory strategies in order to maximize revenue. The AirRM suite includes revenue management, analytical tools and intelligent reporting systems designed for \u201cthe travel and transportation industry, including rail, cargo and parking.\u201d\u00a0 The deal comes shortly after Mercator\u2019s acquisition of a company with similar ambitions, Catapult, which provided IT-solutions for freight-forwarders, shippers and cargo carriers.
\nOver the past decade, passenger carriers have benefited from revenue optimization tools, and in the coming years attention will shift towards the air freight and cargo industries; a trend reaffirmed by Mercator\u2019s recent string of acquisitions. Mercator\u2019s chief executive, Cormac Whelan, said it was now time to introduce Mercator\u2019s \u201cpredictive and optimization models to other segments of the transportation industry, including rail and cargo.\u201d
\nCommenting on the acquisition of his company, Scott Schade, CEO of RMS, added, that Mercator and RMS share the same strategic vision of bringing “value to travel and transportation companies around the world.\u201d
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
Seattle-based Revenue Management Systems was acquired by Dubai-based Mercator, part of global equity firm, New York-based Warnburg Pincus LLC, with details regarding the deal still under wraps. As part of the acquisition, Mercator will add RMS\u2019 AirRM software to its portfolio. At present, more than 70 of the world\u2019s leading airlines utilize the cloud-based AirRM[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-1334","post","type-post","status-publish","format-standard","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/1334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/comments?post=1334"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/1334\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/media?parent=1334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/categories?post=1334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/tags?post=1334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}