-- Acquisition marks 18th transaction advised this year by leading global M&A technology advisor, Mooreland Partners
GREENWICH, Connecticut, Dec. 5, 2014 /PRNewswire/ -- Mooreland Partners (www.moorelandpartners.com), the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to OpenJaw Technologies on its sale to GuestLogix Inc (TSE:GXI). The acquisition of OpenJaw, which offers a market leading e-commerce platform technology to the travel industry, marks the 18th transaction advised by Mooreland Partners this year and further solidifies its position among the most active advisors to the digital media sector. The transaction is expected to close on or about December 22, 2014.
"We are pleased to be part of such a transformative transaction in the travel technology space, which combines two of the leading travel e-commerce and merchandising providers," said Larry Phillips, Managing Director, Mooreland Partners.
The combined company will be able to deliver end-to-end solutions for travel retailing, from the first point of interaction with the traveler throughout the entire customer lifecycle and across all major verticals, according to GuestLogix (see press release). The acquisition was financed via a bought deal public offering, and also involved an equity rollover component by existing OpenJaw shareholders.
Founded in 2002, OpenJaw is a leading online technology partner of the world's biggest travel brands. Guided by the OpenJaw four principles of t-Retailing, and leveraging the power of its dynamic travel retailing platform, OpenJaw is dedicated to helping airlines and other large travel companies become travel retailing innovators. OpenJaw will add more than 30 international travel brands to GuestLogix' customer base, including major Canadian travel brands, Four Seasons Hotels & Resorts, Aeroplan, and AIR MILES in addition to British Airways, Avis Budget Group Europe, and voyages-SNCF.com. OpenJaw has long-term customer agreements in a wide variety of travel verticals including airlines, high-speed ferries, online travel agencies, loyalty programs, hotels and car rental companies.
GuestLogix is a leading global provider of ancillary-focused merchandising, payment and business intelligence technology to airlines and the passenger travel industry, both onboard and off. Bringing over a decade of expertise as the industry's most trusted onboard transaction processing partner to airlines, rail operators, and elsewhere in the passenger travel industry, GuestLogix powers the industry's growing reliance on ancillary revenue generation. Both direct to operators as well as through partnerships with global leaders in catering, duty-free, in-flight entertainment, and self-service retail experts, GuestLogix provides the payment services touching over one billion travelling consumers each year.
ABOUT MOORELAND PARTNERS
Mooreland Partners (http://www.moorelandpartners.com) is a leading independent investment bank providing M&A and private capital advisory services to the global technology industry, serving clients from its offices in Silicon Valley, Greenwich (CT), and London. Since January 2013, Mooreland Partners has advised on a total of 37 transactions across all major technology sectors including communications technology, mobile and digital media, enterprise software and services, as well as industrial technology and electronics.
Founded in 2002, Mooreland Partners is an integrated global M&A firm, 100 percent owned by its partners, with a team of almost 50 investment banking professionals. Follow us on Twitter @MoorelandGlobal or learn more at www.moorelandpartners.com.
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SOURCE Mooreland Partners