777 Partners acquires AeroCRS and WorldTicket

777 Partnersa Miami-based investment firm, acquires two travel tech companies – based in Tel Aviv AeroCRS and based in Copenhagen WorldTicket.

Terms of the acquisitions were not disclosed.

The two companies join 777 Partners’ growing portfolio of airlines and travel technology companies, which includes the 2019 acquisition of Air Black Box and investments in Flair Airlines and Australian start-up Bonza.

The company says that with these latest acquisitions, it will form a new travel group to offer a suite of products to airlines and travel retail businesses, focused on improving travel, distribution, interconnection and passenger connectivity.

“Changes in the travel industry have created an opportunity for a new wave of highly disruptive companies focused on the latest retail technologies to partner with the wider travel community,” said Joshua Wander, Founder and managing partner of 777 Partners.

Founded in 2006, AeroCRS serves 90 airlines worldwide with passenger service systems, fare and inventory management, distribution solutions and analytics. WorldTicket, founded in 2002, provides passenger service, distribution, retail and inventory ticketing and accommodation solutions to more than 75 airlines worldwide.

“Over the past two years, we have focused on architecting and building a platform of interoperable, modular products that enable airlines, airports and other travel agencies to scale their business models and regain control of passenger relationships by breaking free from legacy systems.These acquisitions significantly advance this effort,” said Adam Weiss, Travel Group CEO of 777 Partners.