Warburg Pincus-backed tech firm buys RMS
Mercator, a technology services company backed by private equity firm Warburg Pincus, has bought a Seattlebased revenue management systems firm, its second acquisition in less than a year, it said on Monday.
The company, which focuses on the travel, transportation and logistics sectors, did not disclose the cost of the acquisition of Revenue Management Systems (RMS).
Mercator has been focusing on growing its expertise and service offering since Warburg Pincus acquired a majority stake in the Dubai-based company in 2014 from Emirates Group’s Dnata.
In June 2015 it acquired Catapult International, a technology services provider for freight forwarders, shippers and carriers.
More than 70 airlines use RMS’s revenue management technology and the company has been branching out to other transportation segments including rail and cargo, Monday’s statement said. Mercator Chief Executive Cormac Whelan said it was highly likely Mercator would make further acquisitions in coming years to broaden its product and service offering.
“Mercator has an ambitious growth plan which is a mix of organic and acquisition-led growth,” he told Reuters in an emailed reply to questions. “As we see opportunities in the market to acquire innovative technology and platforms we will be prone towards action.”