AeroCRS

Company Overview

Snapshot

Founded in January 2004 by Meir Hadassi Turner, AeroCRS operates with 11–50 employees. The company was acquired by 777 Partners in May 2022, marking a significant exit event.

Business overview

AeroCRS provides a software-as-a-service solution designed for small and midsize airline operations, covering both scheduled and charter flights. Its core technology offers an integrated system for reservations, operations, customer relationship management, and agent management, including a dedicated system for remote agents. The company also delivers a comprehensive website with content management, FID, check-in and gate control, and accounting functionalities. Additionally, AeroCRS extends its offerings to hotel and tour operating systems, serving the travel and tourism industry within the Media & Entertainment Technologies sector.

Strategic signal

In May 2022, AeroCRS was acquired by 777 Partners, alongside WorldTicket, to form a new travel group. This acquisition highlights 777 Partners' strategic commitment of $100 million to the travel vertical, aiming to create new commerce channels and enhance retailing, distribution, interlining, and passenger connectivity for airlines and travel companies globally. The move signals a consolidation within the travel technology market, with AeroCRS's inventory management and reservation technology playing a key role in the acquiring firm's disruptive technology strategy.

Company Intelligence Q&A

What was a significant corporate milestone for AeroCRS?

In May 2022, AeroCRS was acquired by 777 Partners. This acquisition was part of 777 Partners' strategy to expand its travel portfolio and create new commerce channels for travel companies.

When did AeroCRS partner with Kiwi.com?

In December 2018, Kiwi.com took a minority stake in AeroCRS and formed a partnership. This collaboration aimed to provide airlines using the AeroCRS reservation system with access to Kiwi.com's distribution network and virtual interlining technology, expanding their reach and driving website traffic.

What was the nature of AeroCRS's partnership with Peakwork?

In May 2020, AeroCRS connected to the Peakwork network, enabling its customers to distribute their inventory via Peakwork's distribution channels. This partnership was intended to increase sales and boost the online presence for airlines utilizing AeroCRS's technology.

What payment partnership did AeroCRS establish in Africa?

In November 2018, DPO Group partnered with AeroCRS to integrate payment processing into its airline customer reservation system in Africa. This initiative aimed to help regional and local airlines connect with online travel agents and enhance ticket sales.

What analytics system did AeroCRS launch in 2018?

In March 2018, AeroCRS launched a new analytics system built on the Qlik Sense platform. This system was designed to allow airlines to analyze sales data, gain insights into customer behavior, and offer self-service capabilities with visually appealing visualizations.