Welcome!

News Feed Item

Specialty Travel Tech Investment Bank Represents Innovata LLC in Cross-Border Sale to Reed Business Information

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.  

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It doe...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at @DevOpsSummit at 19th Cloud Expo, Charles Kendrick, CTO at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and deve...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Although it has gained significant traction in the consumer space, IoT is still in the early stages of adoption in enterprises environments. However, many companies are working on initiatives like Industry 4.0 that includes IoT as one of the key disruptive technologies expected to reshape businesses of tomorrow. The key challenges will be availability, robustness and reliability of networks that connect devices in a business environment. Software Defined Wide Area Network (SD-WAN) is expected to...
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...