Dubai-based Mercator, a provider of solutions to the global travel, transportation and logistics industry, has acquired Seattle, Wash.-based Revenue Management Systems.
Mercator, a provider of solutions to the global travel, transportation and logistics industry, has acquired revenue management products developer Revenue Management Systems (RMS), the companies jointly announced.
Mercator’s acquisition of RMS was backed by the private equity firm Warburg Pincus, which holds a majority stake in Mercator.
The terms of the transaction were not disclosed.
According to the companies, over 70 of the world’s most profitable and fastest growing airlines use RMS’s cloud based revenue management, analytics and reporting system, referred to as AirRM. The tool increases airlines’ revenues by providing approaches to manage inventory and pricing.
“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,” Mercator Chief Executive Cormac Whelan said in a statement. “We see tremendous opportunity to expand RMS’s market scope and integrate its offerings with other products in the Mercator portfolio.”
Mercator previously acquired Catapult International, a global transportation rate, quote, and contract management solutions provider, in July 2015.
Mercator acquires revenue management products developer
