Airline Data Platform ATPCO Acquires Rich Content Provider Routehappy
The acquisition connects Routehappy's airline rich content with ATPCO's airfare data, transforming the flight shopping experience across all points of sale
DULLES INTERNATIONAL AIRPORT and NEW YORK, Feb. 01, 2018 (GLOBE NEWSWIRE) -- ATPCO, the leading source for airline industry pricing and shopping data, today announced the acquisition of Routehappy, the airline industry's leading rich content provider for flight shopping. The acquisition broadens ATPCO's value to the entire airline distribution ecosystem by enabling rich content, making it a centralized platform for both airfare data and rich content.
"Airline merchandising is rapidly evolving, as rich content is more widely adopted across both NDC and traditional distribution models. As an industry, we want travelers to be able to see, and trust, the differences between flight options," said Jerry Foran, Chairman of the Board of ATPCO and Head of Product Delivery, Revenue Management at British Airways. "This acquisition is another example of how ATPCO is executing on its promise to fuel the future of airline distribution."
Founded in 2011 and based in New York with 19 full-time employees, Routehappy has more than 65 customers across the travel industry including Expedia, Google, Sabre, and United Airlines. Routehappy has paved the way for a more transparent shopping experience for flyers around the world with rich content for over 300 airlines and its APIs delivering over 10 billion queries since its inception. Routehappy's rich content has proven to increase conversion, yield and customer satisfaction for both airlines and distributors. By joining ATPCO, Routehappy's four rich content types-Scores, Amenities, UPAs (Universal Product Attributes) and UTAs (Universal Ticket Attributes)-become an industry standard to rapidly accelerate the adoption of rich content.
"Our acquisition of Routehappy drives strategic innovation, reduces complexity, and delivers network economics to the entire distribution ecosystem. Routehappy has created an offering that solves many of the challenges that airlines encounter in delivering consistent messaging, branding, and merchandising through multiple distribution channels," said ATPCO President and CEO Rolf Purzer. "By aligning Routehappy's complementary rich content with ATPCO's fare and pricing data, airlines can ensure consistent and differentiated offers for their products in every sales channel."
ATPCO works with more than 430 airlines who use its fare and pricing rules content to fuel an estimated 87% of worldwide ticket sales. Bringing together the unmatched rich content offerings of Routehappy with the unparalleled breadth of ATPCO fare data means airlines have greater ease in controlling the look and feel of their offers across all channels of sales. The move further advances ATPCO's vision of empowering smart connection of all content through all channels within the ecosystem. The deal represents ATPCO's first acquisition in its 53-year history, and redoubles its efforts to serve the needs of the next generation of air travel distribution.
"Routehappy has helped United differentiate our products and services in clear and meaningful ways," said Tye Radcliffe, United's Director of Distribution. "The tools Routehappy offers enable a more seamless shopping experience for our travel agents and customers."
According to Robert Albert, Routehappy's founder and CEO, who will continue to lead the company as a strategic business unit of ATPCO, "Routehappy was founded with the mission to differentiate and better monetize flight shopping. ATPCO is a perfect fit for our products and accelerates that mission, allowing Routehappy to become an industry standard for airline rich content for airlines, distributors and technology platforms worldwide. Our solution provides a channel, platform and delivery-agnostic solution. By combining our excellent technology and content with ATPCO's established relationships and scale, we now have a clear path to fulfilling our mission and to help the industry transform."
Routehappy will operate as a wholly owned subsidiary and strategic business unit of ATPCO. The terms of the acquisition are private.
A video announcing the acquisition can be viewed here.
Uniquely positioned at the center of the airline distribution ecosystem, ATPCO is elevating the future of air travel by providing the advanced technology and valuable industry relationships that shape the way flights are sold. ATPCO manages more than 170 million fares for 430 airlines in 160 countries and supports an average of 3.9 million daily fare changes. Because ATPCO is owned by airlines, they serve as a neutral and trusted partner for airlines, travel agencies, search engines, global distribution systems, and governments worldwide. Every day, these organizations rely on ATPCO's portfolio of technology and data solutions to help millions of travelers get where they need to go. Learn more at atpco.net.
Routehappy powers rich content for flight shopping, helping airlines and distributors differentiate and better monetize their products. Routehappy's Scores & Amenities API provides flight scores and cabin amenity data, including aircraft, seat, layout, entertainment, Wi-Fi, power, fresh food and relative duration. Routehappy Hub is a cloud-based offering that helps airlines create, manage and distribute targeted product and ticket attribute content, in standardized formats UPA (Universal Product Attribute) and UTA (Universal Ticket Attribute) wherever flights are displayed. Routehappy is based in New York, serving airlines and distributors worldwide. For more information, visit www.routehappy.com. To see Routehappy rich content in action, visit www.routehappy.com/use-cases.
Tweet This : @ATPCOnews acquires @routehappy, transforming the flight shopping experience everywhere you buy flights
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2f198429-e3a0-47ff-a7b3-7303300f16a7
Michael Mazzocco, +1 703 661 7503, firstname.lastname@example.org
Jodi Echakowitz, +1 416 271 7250, email@example.com
Megan Humphries, +1 917 460 6293, firstname.lastname@example.org
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ATPCO via Globenewswire
Följ NASDAQ OMX
Abonnera på våra pressmeddelanden.
Senaste pressmeddelandena från NASDAQ OMX
Skybox Security Expands Footprint in APAC with New Channel Partners and Leadership in Australia20.6.2018 00:00 | Pressmeddelande
SAN JOSE, Calif., June 19, 2018 (GLOBE NEWSWIRE) -- Skybox(TM) Security, a global leader in cybersecurity management, today announced that two Australia-based firms, NEXTGEN and Insentra have joined its Australia channel partner program. In addition, Skybox has filled a key leadership role in Australia and New Zealand, continuing the company's expansion in the Asia Pacific region (APAC), which is among the company's fastest-growing global markets. The Skybox APAC channel program enables managed security service providers (MSSPs), value-added resellers (VARs), distributors and system integrators to meet the needs of the market by deploying and offering services that leverage the Skybox(TM) Security Suite. By adding the Suite to their offerings, local partners can continue to serve as trusted cybersecurity advisors to Australian businesses. "Skybox is working with many of the world's largest, most complex networks, providing security teams with the visibility and context needed to addres
Platinum Equity to Sell Worldwide Flight Services for €1.2 Billion19.6.2018 15:00 | Pressmeddelande
Successful investment adds to Platinum Equity's continued momentum in Europe LOS ANGELES, June 19, 2018 (GLOBE NEWSWIRE) -- Platinum Equity today announced it has signed a definitive agreement to sell Worldwide Flight Services (WFS) to affiliates of Cerberus Capital Management, L.P. in a transaction valued at approximately €1.2 billion. The sale is expected to close during Q4 2018, subject to regulatory approval and certain closing conditions. Since Platinum Equity acquired the company in 2015, WFS has grown significantly, both organically and through a transformative add-on acquisition, and is now the world's largest air cargo handler and one of the world's leading providers of ground handling and technical services, with annual revenues of more than €1.2 billion. "Through a combination of growth and operational initiatives, WFS has evolved and expanded significantly over the past three years and today enjoys record top-line and earnings performance," said Platinum Equity Partner Loui
Quantenna's New QSR10GU-AX Plus Raises the Bar for Wi-Fi Performance and Functionality19.6.2018 14:00 | Pressmeddelande
SAN JOSE, Calif., June 19, 2018 (GLOBE NEWSWIRE) -- Quantenna Communications, Inc. (NASDAQ:QTNA), the innovator and global leader of high performance Wi-Fi solutions, today announced that the QSR10GU-AX Plus, a new enhanced solution targeting gateways and access points based on the draft IEEE 802.11ax standard, is now sampling to select customers. Building upon Quantenna's pioneering QSR10G-AX Wi-Fi platform, QSR10GU-AX Plus offers unique capabilities, including Adaptive 5 GHz, SuperTx and ESP, providing significant performance gains across a variety of home configurations. The QSR10GU-AX Plus can operate concurrently in both 8x8 MIMO in the 5 GHz band and 4x4 MIMO in the 2.4 GHz band supporting a total of 12 streams. Unique features of QSR10GU-AX Plus include: Dynamic switching between 8x8 MIMO and dual 4x4 MIMO in the 5 GHz band by applying adaptive algorithms, enabled by Quantenna's unique baseband and RF architecture design. This provides the end users with the best possible MIMO c
CrownBio Enters Partnership with Pierre Fabre to Accelerate Discovery and Development of Immuno-Oncology Agents19.6.2018 14:00 | Pressmeddelande
SAN DIEGO, June 19, 2018 (GLOBE NEWSWIRE) -- Crown Bioscience, a global drug discovery and development services company providing translational platforms to advance oncology, inflammation, cardiovascular and metabolic disease research, announces that it has been selected by Pierre Fabre Research Institute as one of their partners to advance their immuno-oncology drug discovery pipeline. CrownBio boasts the world's largest collection of patient-derived xenograft (PDX) models and is a leading provider of humanized solutions for immuno-oncology drug development. Leveraging these exclusive capabilities, CrownBio will engraft PDX models selected by Pierre Fabre into CD34+ humanized mouse models. These customized, humanized models will be used to accelerate Pierre Fabre's innovative immuno-oncology drug discovery pipeline. "Pierre Fabre recognizes the value of CrownBio's extensive PDX collection and their expertise in implementing innovative humanization strategies," said Nathalie Corvaia, P
Glatfelter to Acquire Georgia-Pacific's European Nonwovens Business for $185 Million19.6.2018 13:44 | Pressmeddelande
YORK, Pa., June 19, 2018 (GLOBE NEWSWIRE) -- June 19, 2018 - Glatfelter (NYSE:GLT), a global supplier of specialty papers and engineered materials, today announced it has signed a definitive agreement to purchase Georgia-Pacific's European nonwovens business (the "Business") for $185 million, subject to customary purchase price adjustments. The proposed transaction includes Georgia-Pacific's operations located in Steinfurt, Germany, along with sales offices located in France and Italy. The Steinfurt facility produces high-quality airlaid products for the table-top, wipes, hygiene, food pad, and other nonwoven materials markets, competing in the marketplace with nonwoven technologies and substrates, as well as other materials focused primarily on consumer based end-use applications. The Steinfurt facility is a state-of-the-art, 32,000-metric-ton-capacity manufacturing facility that employs approximately 220 people. "Glatfelter's agreement to acquire the European nonwovens business demon
Industry stakeholders partner on blockchain based margin and collateral solution19.6.2018 13:00 | Pressmeddelande
AMSTERDAM, the Netherlands, BRUSSELS, Belgium, LONDON and STOCKHOLM, Sweden, June 19, 2018 (GLOBE NEWSWIRE) -- ABN AMRO Clearing, EuroCCP, Euroclear and Nasdaq have completed a joint proof of concept to make the use of securities more efficient when used to cover margin calls, including after business hours, using blockchain, or distributed ledger technology (DLT). This solution addresses significant business challenges and inefficiencies related to the current provision of collateral to Central Counterparties (CCPs) and has demonstrated that a shared, resilient network can be built between collateral givers, collateral takers and intermediaries. The inefficiencies of collateral processing have been heightened as a result of recent market changes such as extended trading hours by stock exchanges and the requirement to centrally clear derivatives traded bilaterally (OTC) under the European Market Infrastructure Regulation (EMIR). Today, a CCP margin call typically needs to be covered by
I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.Besök vårt pressrum