|Photo by Freeimages.com/Mike Johnson|
Amadeus has announced the completion of the $380 million acquisition of Navitaire from Accenture.
Amadeus said the deal was an important step for the company in the low-cost and hybrid segments of the airline industry, in which Navitaire has a global customer base of more than 50 operators to which it provides revenue-generation and cost-streamlining solutions in the areas of reservations, ancillary sales, loyalty, revenue management, revenue accounting and business intelligence.
The addition of Navitaire’s portfolio of products and solutions for the low-cost segment will complement Amadeus’ Altéa Suite of offerings for its largely full-service carrier customer base, Amadeus said. Amadeus intends to market and sell the two product portfolios separately and will continue to invest in both platforms.
Navitaire will become a distinct business line within Amadeus’ Airline IT unit, with David P. Evans, the current CEO of Navitaire, retaining that position. Amadeus will maintain the acquired company’s brand, which will be known as "Navitaire, an Amadeus company."
As part of the acquisition, approximately 550 Navitaire employees, including the company’s senior management team, will transfer to Amadeus with immediate effect.