|By PR Newswire||
|March 26, 2014 06:02 PM EDT||
NEW ORLEANS, March 26, 2014 /PRNewswire/ -- Ponterra Business Advisors of McLean, Va., facilitated the March 17, 2014, sale of its client, Innovata LLC of Atlanta, to Reed Business Information (RBI), a division of Reed Elsevier. Ponterra is a specialty global travel, hospitality, foodservice and retail technology investment bank. Ponterra announced its role in the transaction at the Hospitality Upgrade Executive Vendor Summit here, March 26.
The Vendor Summit is an annual gathering of about 60 chief executives and other high-level officers of technology vendors actively involved in the hospitality industry. Ponterra principals are regular presenters at the annual Summit.
Innovata is a leading provider of travel data, travel planning tools and airline schedules analysis tools for the air transport and travel markets. Innovata will integrate with RBI's aerospace information and data services business, Flightglobal. Reed Business Information, the business information division of Reed Elsevier, acquired all of Innovata's issued share capital for an undisclosed amount.
Innovata licenses its airline schedule and related data to more than 200 customers across a range of aviation market segments; and more than 100 airlines and airports worldwide use its timetable and route network mapping product portfolio.
Flightglobal is used by professionals across aerospace, aircraft finance and air transport to drive growth, identify new opportunities and make sound investment decisions through its unique combination of fleets, aircraft values, airline schedules and traffic data, together with news, analysis and insights.
Paul Chrestensen, Innovata Chief Executive Officer, said, "This is a win-win agreement for Flightglobal and Innovata, and both companies' respective customers. The successful conclusion to this transaction owes much to the skillful management, and the creative insights and suggestions stemming from a deep knowledge of the industry demonstrated by John Rovani and the investment banking team he leads at Ponterra Business Advisors."
"We were thrilled to have worked with the Innovata and RBI teams on this transaction," said John Rovani, managing partner and head of Ponterra Business Advisors. "Innovata is a well-managed firm with a unique and desirable set of data and services. RBI understands and appreciates the strategic value Innovata's products will bring to their portfolio." John Rovani was a 2012 Deal Maker of the Year finalist after leading transactions for EZYield, EasyRMS, MTech, Adaco and Clarity Commerce Solutions plc. in a 12- month period.
About Ponterra Business Advisors
Ponterra Business Advisors is a strategic specialty middle market Mergers & Acquisitions advisory firm with a unique focus on the global travel, hospitality, retail and foodservice technology and services sectors. Founded as JSR International, LLC in 1997, the company re-branded in December 2012 as Ponterra Business Advisors in McLean, Virginia, Ponterra is active globally, and in many cases works with complementary in-country investment banking affiliates. Ponterra Business Advisors offers proven success in closing deals around the globe. Ponterra accomplishes this through a diligent M&A process, with comprehensive business financial services including: mergers and acquisitions advisory; exit planning and business mentoring; capital formation; business valuation; and board advisory. For more information, please visit www.ponterra.com or call toll-free in North America, +1 855-205-2500. Internationally, please call +1 703-565-2177.
Members of Ponterra are registered representatives of and securities are offered though StillPoint Capital, LLC, member FINRA and SIPC.
SYS-CON Events announced today that Creative Business Solutions will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Creative Business Solutions is the top stocking authorized HP Renew Distributor in the U.S. Based out of Long Island, NY, Creative Business Solutions offers a one-stop shop for a diverse range of products including Proliant, Blade and Industry Standard Servers, Networking, Server Options and...
Mar. 28, 2015 05:30 AM EDT Reads: 3,768
WHOA.com has announced the newest addition to its data center footprint with the expansion into Equinix's newest state-of-the-art facility: DC-11 Washington, DC IBX+. Located in Ashburn, VA, this data center expands Whoa.com's presence to meet rapidly expanding customer demand for secure cloud solutions. Equinix, Inc. operates International Business Exchange™ (IBX®) data centers in 32 markets across 15 countries in the Americas, EMEA, and Asia-Pacific. Equinix is committed to operating faciliti...
Mar. 28, 2015 04:00 AM EDT Reads: 1,017
SYS-CON Events announced today that FierceDevOps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. FierceDevOps keeps software developers and IT operations personnel updated on the latest news and trends around the rapidly evolving role of the traditional IT worker.
Mar. 28, 2015 02:45 AM EDT Reads: 1,359
The Open Compute Project is a collective effort by Facebook and a number of players in the datacenter industry to bring lessons learned from the social media giant's giant IT deployment to the rest of the world. Datacenters account for 3% of global electricity consumption – about the same as all of Switzerland or the Czech Republic -- according to people I met at the recent Open Compute Summit in San Jose. With increasing mobility at the edge of the cloud and vast new dataflows being pre...
Mar. 28, 2015 01:00 AM EDT Reads: 1,777
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabili...
Mar. 28, 2015 01:00 AM EDT Reads: 1,389
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborat...
Mar. 27, 2015 07:00 PM EDT Reads: 5,117
WSM International is launching a DevOps services division that offers assessment, consulting and implementation to large enterprises and organizations with complex infrastructures. This is the first independent services company to create a dedicated practice to help organizations looking to transition to the DevOps model. The concept of DevOps is to blend information technology (IT) software development with operations to optimize the computing infrastructure according to the specific needs of ...
Mar. 27, 2015 07:00 PM EDT Reads: 1,424
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
Mar. 27, 2015 06:00 PM EDT Reads: 1,669
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Mar. 27, 2015 06:00 PM EDT Reads: 1,342
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things...
Mar. 27, 2015 06:00 PM EDT Reads: 1,710
Modern Systems announced completion of a successful project with its new Rapid Program Modernization (eavRPMa"c) software. The eavRPMa"c technology architecturally transforms legacy applications, enabling faster feature development and reducing time-to-market for critical software updates. Working with Modern Systems, the University of California at Santa Barbara (UCSB) leveraged eavRPMa"c to transform its Student Information System from Software AG's Natural syntax to a modern application lev...
Mar. 27, 2015 05:45 PM EDT Reads: 699
Today, IT is not just a cost center. IT is an enabler and driver of business. With the emergence of the hybrid cloud paradigm, IT now has increasingly more capabilities to create new strategic opportunities for a business. Hybrid cloud allows an organization to utilize multi-tenant public clouds, dedicated private clouds, bare metal hosting, and the associated support and services for the right use cases through an on-demand, XaaS model. This model of IT creates tremendous opportunities for busi...
Mar. 27, 2015 05:00 PM EDT Reads: 2,962
Hosted PaaS providers have given independent developers and startups huge advantages in efficiency and reduced time-to-market over their more process-bound counterparts in enterprises. Software frameworks are now available that allow enterprise IT departments to provide these same advantages for developers in their own organization. In his workshop session at DevOps Summit, Troy Topnik, ActiveState’s Technical Product Manager, will show how on-prem or cloud-hosted Private PaaS can enable organ...
Mar. 27, 2015 04:45 PM EDT Reads: 933
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
Mar. 27, 2015 04:30 PM EDT Reads: 1,609
Business as usual for IT is evolving into a “Make or Buy” decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud busi...
Mar. 27, 2015 04:15 PM EDT Reads: 1,176