AeroCRS

Cloud-based Airline Reservation Systems

Media & Entertainment Technologies
Acquired (Inactive) by 777 Partners on May 2022 - closed due to acquisition

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, following two funding rounds that raised a total of $3 million from investors Kiwi.com and Cockpit Innovation.

Business overview

AeroCRS provides a software-as-a-service solution designed for managing small and midsize airline operations, catering to both scheduled and charter services. Its core technology offers an integrated platform 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, alongside hotel and tour operating systems. AeroCRS serves the aviation and travel industries, operating within sectors such as Media & Entertainment Technologies and Software Applications.

Strategic signal

In May 2022, AeroCRS was acquired by 777 Partners, joining their travel portfolio alongside WorldTicket. This acquisition signals a strategic consolidation within the travel technology sector, indicating investor confidence in cloud-based airline management solutions and potentially expanding AeroCRS's market reach and integration capabilities within a larger travel ecosystem.

Company Intelligence Q&A

When was AeroCRS acquired?
AeroCRS was acquired by 777 Partners in May 2022, joining their travel portfolio.
Which company took a stake in AeroCRS in December 2018?
In December 2018, Kiwi.com took a stake in AeroCRS, as reported by Phocuswire.
Which investor participated in AeroCRS's funding round in March 2017?
In March 2017, Cockpit Innovation participated in a funding round for AeroCRS.
What was a key partnership announced by AeroCRS in May 2020?
In May 2020, Peakwork announced a partnership with AeroCRS, welcoming the Israel-based company as a new airline partner.
What payment partnership did AeroCRS establish in November 2018?
In November 2018, DPO Group partnered with AeroCRS to power payments within its airline reservation system across Africa.

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