Vista-backed Accelya bolts on Farelogix

With this add-on, Accelya expects to further develop and expand its end-to-end platform for the airline industry, while Farelogix will be able to strengthen its operations and leverage Accelya's industry expertise to better interconnect airline systems.

The combined group plans to optimise the entire airline commerce lifecycle by allowing greater control and flexibility over commercial offers, orders and downstream processes, and benefiting airlines and their passengers through accelerated digital transformation.

Following the deal, the 300 Farelogix employees, primarily based in Miami, will be integrated within the global Accelya team.

Vista acquired Accelya from Warburg Pincus in November 2019. The deal gave the company an EV of around $1.3bn, which equated to approximately 14x its EBITDA. Vista invested via its permanent fund, Vista Equity Partners Perennial, which targets software companies through long-term investments in product expansion and feature enhancement.

Warburg Pincus had acquired Accelya from French mid-cap private equity house Chequers Capital for an enterprise value of around €650m in February 2017. 

Barcelona-headquartered Accelya provides financial and commercial analytics and software to the airline and travel industries. The company's proprietary technology aims to support clients to manage costs, risk, revenue leakages and cashflow.

It processes more than 5 billion financial transactions annually and serves around 400 clients, including 275 airlines, such as British Airways, EasyJet, Ryanair, Flybe, Delta, Alitalia, American, FinAir, United Airlines, Lufthansa and Aeroflot.

Accelya has operations spread across 14 countries and 24 offices worldwide, and employs a staff of 2,500. The company generates EBITDA of around $90m from revenues of $200m.

Company
Established in 1998 and based in Miami, US, Farelogix develops software for airline retailing. It provides passenger service system technology that enables airlines to dynamically create, control, optimise and deliver personalised and differentiated offers across sales channels.

Farelogix has more than 25 airline customers worldwide that use its technology to grow revenues per passenger, increase efficiency and reduce costs.

People
Vista Equity Partners – Robert Smith (CEO, chair).
Accelya – John Johnston (CEO).
Farelogix – Jim Davidson (CEO).

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