Quayle Munro is pleased to announce that it has advised FlightStats, the real-time global flight data provider, on its sale to Reed Business Information’s FlightGlobal, part of the FTSE 100 listed RELX Group.
FlightStats, based in Portland, Oregon, is a pioneer in making real-time global flight data available to power services and decision-support tools for many of the world’s leading airlines, travel agencies, mobile app developers and online services. Its cutting-edge technology combines vast volumes of data from over 400 sources, including live aircraft tracking, to build an evolving picture of the status of flight arrivals and departures across the airline system.
The company is already actively working with FlightGlobal on ways to help clients improve workflow processes around flight disruptions and to gain insights into the cause of delays.
The FlightStats transaction adds to Quayle Munro’s track record in advising aviation software and data businesses, which includes Synova Capital’s investment in Vistair, GCP’s investment in FLYdocs, the sale of AerData to Boeing, and the sale of Ascend Worldwide to Reed Business Information.
FlightStats founders, Chairman Jeff Kennedy and CEO Tod Hutchinson, said: “Quayle Munro proved to be an excellent choice to represent us. Their understanding of our business, combined with their relationships in the aviation data sector, helped to ensure a successful outcome. They managed the process effectively and provided valuable insights at every stage. Their knowledge of the sector was critical to getting the deal done.
“With the additional resources that the FlightGlobal group now brings, we’re excited about the ability to move faster still and to combine data in new and innovative ways to solve high value problems for the industry. Together we’re well positioned to be a critical hub in the travel ecosystem.”