AXIO Data Group (AXIO) has announced that OAG, AXIO’s aviation division, has completed the acquisition of FlightView, Inc., the leading Boston-based provider of real-time flight information solutions for the aviation and travel industries.
FlightView‘s products help aviation and travel professionals achieve superior customer service, operational efficiencies, and has attracted strong brand loyalty with easy to use real-time information. FlightView brings more than 600 B2B customers from the travel, technology and general aviation sectors. In addition, FlightView’s smart phone apps have been downloaded more than 3 million times, its website has over 1 million monthly unique users and it responds to over 300m flight status requests every month.
Henry Elkington, Chief Executive of AXIO, said: “The addition of FlightView, with its highly complementary customer base and strength in the US market, will give OAG clear leadership in the growing global flight status and schedules data markets. This is the second significant bolt-on acquisition AXIO has made in the last 12 months. We continue to execute our strategy of building and improving each of our individual businesses to increase their value.”
Phil Callow, Chief Executive of OAG, said: “Real-time flight status information is increasingly important to a wide range of our customers from airlines, airports and online travel businesses to fuelling companies, this data is key to enhancing the passenger experience driving operational efficiencies and extending traveller-centric services that these companies are now eager to pursue.”
Mike Benjamin, Chief Executive of FlightView, said: “We are excited to join the OAG team and become part of their worldwide reach in leading schedules and analytics solutions. The combination of our two businesses will enable us to better service existing and new customers alike as demand for accurate and timely data increases.”
AXIO Data Group operates a portfolio of market-leading information businesses serving a range of sectors including healthcare, aviation, intellectual property and forest products. AXIO is owned by funds managed by Electra Partners LLP. Electra Partners is an independent private equity fund manager with more than 30 years’ experience. As of September 30, 2014, the firm had funds valued at £1.6 billion under its management. www.axiogroup.net and www.electrapartners.com.
Source: AXIO Press Release
