Posted on: 04 April 2016 by Mark Howells
Mercator, backed by private equity firm Warburg Pincus, has acquired Seattle-based Revenue Management Systems, Inc. (RMS), an industry-leading developer of revenue management products.
More than 70 of the world’s most profitable and fastest growing airlines – including Tiger Airways, Ryanair, AirAsia, Virgin America, flydubai, and Jetstar – deploy RMS’s main product AirRM, a cloud-based revenue management, analytics, and reporting system. AirRM is designed to increase airlines’ revenues with its approaches to managing inventory and pricing. RMS has also expanded its portfolio of revenue optimisation products to focus on other segments in the travel and transportation industry, including rail, cargo, and parking.
Cormac Whelan, Mercator’s Chief Executive commented, “In today's dynamic travel and transportation marketplace, the ability to react quickly to market conditions, optimise, and drive intelligence and predictability into our customers business is a strategic imperative. RMS not only has a leadership position in airline revenue management, but is now applying its state-of-the-art predictive and optimisation models to other segments of the transportation industry, including rail and cargo. We see tremendous opportunity to expand RMS’s market scope and integrate its offerings with other products in the Mercator portfolio.”