777 partnersMiami-based investment firm acquires two travel technology companies based in Tel Aviv AeroCRS and based in Copenhagen WorldTicket.

The conditions for acquisition have not been disclosed.

The two companies are joining 777 partners’ growing portfolio of airlines and travel technology companies, which includes the acquisition of Air Black Box in 2019 and investments in Flair Airlines and Australian start-up Bonza.

The company says it will form a new travel group with these latest acquisitions to offer a range of products to airlines and travel companies focused on improving retail, travel, distribution and passenger connectivity.

“Changes in the tourism sector have created an unprecedented opportunity for a new wave of highly disruptive companies focused on the latest retail technologies to partner with the wider tourism community,” said Joshua Wonder, founder and managing partner of 777 Partners. .

Founded in 2006, AeroCRS serves 90 airlines worldwide with passenger service systems, tariff and inventory management, distribution solutions and analysis. Founded in 2002, WorldTicket provides passenger service, distribution, retail and ticket solutions and inventory hosting to more than 75 airlines worldwide.

“Over the past two years, we have focused on architecture and building a platform of interoperable, modular products that allow airlines, airports and other travel companies to develop their business models and regain control of passenger relationships by getting rid of legacies. systems. These acquisitions significantly improve these efforts, “said Adam Weiss, CEO of 777 Partners’ travel group.

https://www.phocuswire.com/777-partners-acquires-aerocrs-and-worldticket

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