Business Wire

TA Associates Announces Significant Investment in Radixx International


TA Associates, a leading global growth private equity firm, today announced it has completed a significant investment in Radixx International, Inc., an industry-leading provider of travel distribution and passenger service system software for airline reservations, distribution and merchandising. Financial terms of the transaction were not disclosed.

Radixx offers a cloud-based SaaS Passenger Service System (PSS) designed to help airlines increase profitability and maximize productivity through expanded distribution of products and services. The company’s product suite features flexible, modern technology that allows airlines to sell to ticketed passengers at all touch points – online, via call centers and at airports – and through multiple channels, including directly to consumers, via travel agents and tour operators, and through global distribution systems. Radixx’s solution provides airlines with a number of capabilities such as dynamically setting fare rules and prices, distributing inventory, offering ancillary sales at airports, managing passenger check-in, and enabling virtually all methods and types of payment in a myriad of currencies. The company also has a standalone, web-based frequent flyer offering designed to provide airlines with effective loyalty management programs. Radixx serves over 40 customers across six continents in over 20 countries. Founded in 1993, Radixx is headquartered in Orlando, Florida.

“We believe Radixx is very well positioned in the PSS market and experiencing significant momentum, particularly in developing countries,” said Elizabeth de Saint-Aignan, a Principal at TA Associates who will join the Radixx Board of Directors. “Radixx provides a modern, flexible and scalable platform that can scale with customers, meeting the complex technology needs of airlines of all sizes from smaller low-cost carriers to large full-service airlines. We are pleased to complete this proprietary investment in Radixx and to use our resources to help further grow the company.”

“We see the investment by an experienced firm like TA Associates as a notable milestone in the evolution of Radixx, indicative not only of our success to date, but also the prospects for considerable further growth,” said Ron Peri, CEO & Chairman, Radixx International, Inc. “We believe our flexible and dynamic PSS enterprise solution offers notable competitive advantages compared with legacy systems, and we are confident it will continue to prove highly attractive to innovative carriers. We welcome TA as our first institutional investor and look forward to a close collaboration in building significant additional value in Radixx.”

According to Technavio, the global low-cost carrier market is expected to continue its rapid expansion, with an estimated compound annual growth rate (CAGR) of 10.4% from 2015 to 2019. By region, CAGR in Asia Pacific, the Americas, and Europe, the Middle East and Africa (EMEA) is forecast at 20%, 5% and 0.9%, respectively, during this period. On an airline seats basis, market capacity is expected to increase from 1.496 million seats in 2014 to 2.456 million in 2019.

“Global industry deregulation and resulting fare decreases have been critical to the rapid growth in air travel in developed and developing nations, providing access to air travel for historically underrepresented groups,” said Kurt R. Jaggers, a Managing Director at TA Associates who will also join the Radixx Board of Directors. “Radixx serves airlines of all sizes with modern technology enabling ticketed and ticketless sales, and allows airlines to operate profitable business models. Given the strength of its market position, we are confident that Radixx will continue to benefit from the rapid growth in air travel.”

Goodwin provided legal counsel services to TA Associates. Seyfarth Shaw served as legal counsel to Radixx.

About Radixx International

Radixx International, Inc., headquartered in Orlando, Florida, is now delivering its fifth-generation cloud-based Passenger Service System. Designed from inception as a merchandising platform for airlines to sell anything, Radixx International is a leading provider of next generation airline distribution solutions. Radixx Air is a complete enterprise system that caters to the needs of hybrid, low-cost and traditional airlines, including support for interlining, code sharing and distribution through GDSs. Founded in 1993 and now hosting airlines on six continents, Radixx’ fully integrated, cloud-based solutions support all airline business models. For more information, visit

About TA Associates

TA Associates is one of the largest and most experienced global growth private equity firms. The firm has invested in more than 460 companies around the world and has raised $24 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the consumer, business services, financial services, healthcare and technology industries. More information about TA Associates can be found at

Contact information

TA Associates
Marcia O’Carroll, 617-574-6796
BackBay Communications
Philip Nunes, 617-391-0792

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Summer Business with New Shop Feature and High-Performance Tyre Models16.3.2018 14:11Pressemelding

Each year, summer trade means great challenges for car garages and tyre dealers. As a result and at just the right time,, the online trade customer shop by Europe’s leading online tyre dealer Delticom, is introducing a new feature intended to make the daily work of the shop’s customers easier: An advice mode is available from now on at When changing from the purchasing to the sales view, the individual end customer prices are displayed instead of the actual purchase prices. In order to use this feature, users of simply have to insert their individual markups for the different item groups. From the markup and the purchase price, the online shop automatically calculates the personal end customer price. The usual purchasing view is also still available. This press release features multimedia. View the full release here: An advice mode immediately helps trade customers use the full pot

Available Now: The Smartphone Made for the Way We Communicate Today, the Galaxy S9 and S9+16.3.2018 12:00Pressemelding

Samsung Electronics America, Inc. announced that the new, award-winning Galaxy S9 and Galaxy S9+, which have been recognized by smartphone reviewers worldwide for their best-in-class display, design and camera, are now available for purchase at U.S. wireless network providers and retail stores. The phones come in three colors: Midnight Black, Coral Blue, and the new Lilac Purple. The Galaxy S9 has a suggested retail price of $719.99, while the Galaxy S9+ is available for $839.99. Both unlocked and carrier versions of the Galaxy S9 and Galaxy S9+ are also available for purchase on This press release features multimedia. View the full release here: Designed for the way we communicate today, Samsung's new Galaxy S9 and Galaxy S9+ are available in the U.S. at wireless network providers, retailers and on (Photo: Business Wire) “The Galaxy S9 and S9+ are designed for the visual and social generation—the consum

CONQUEST Group Announced the Expansion of its Asset Management Business with the Appointment of Philippe Taillardat to the Role of Director16.3.2018 09:00Pressemelding

Philippe Taillardat brings to CONQUEST over 25 years of Asset Management and Investment Banking experience, primarily in principal investing, financial advisory, equity and debt financing across global infrastructure and sustainable energy sectors. This press release features multimedia. View the full release here: Philippe Taillardat (Photo: CONQUEST Group) Philippe was most recently Co-Head of Infrastructure Investments Europe at First State Investments, which he helped transform into one of the leading billion+ European infrastructure fund manager in core / core+ strategies. Earlier in his career, Philippe held various senior banker and investment roles at Amundi, Credit Agricole CIB, Credit Suisse, AXA and BNP Paribas. Frédéric Palanque, Managing Director of CONQUEST Group, said, "We are delighted to welcome such a recognized professional. CONQUEST is trusted for providing value-added advice in complex and highly confidential

AccelStor All-Flash Solutions Unlock Data Possibilities for AI and Cloud16.3.2018 09:00Pressemelding

AccelStor, an innovative all-flash array (AFA) provider for the big data era, is excited to announce its participation in the upcoming Cloud Expo Europe, taking place from March 21 to 22 at Booth C1850 in the ExCel London exhibition centre. Besides presenting latest all-flash storage solutions breaking through performance and availability barriers for artificial intelligence (AI), virtualization and private cloud, AccelStor will present a live demonstration of its new generation NeoSapphire high availability models, one of the highlights not to be missed this year. This press release features multimedia. View the full release here: AccelStor's new generation NeoSapphire High Availability all-flash array AccelStor NeoSapphire all-flash arrays are highly integrated with virtualization and private cloud platforms, supporting VMware vSphere and OpenStack Cinder. NeoSapphire’s “high availability” series features symmetric active-activ

Westinghouse Completes First Major Decommissioning Work at a Nordic Commercial Nuclear Reactor16.3.2018 08:45Pressemelding

Westinghouse Electric Company announced today that it has completed a major decommissioning project at the former Barsebäck nuclear power plant in Skåne, Sweden. Barsebäck Unit 2 ceased operation in 2005 and decommissioning work began in August 2016. Westinghouse’s scope of work included the underwater segmentation and packaging of the reactor vessel internals, as well as the upfront engineering studies and equipment manufacturing and qualification. “Westinghouse is proud to deliver this major decommissioning project on time and on budget,” said Yves Brachet, Westinghouse senior vice president, Global Decommissioning, Decontamination, Remediation and Waste Management. “Our global expertise in this area will help our customers in the Nordic region to safely manage a variety of end-of-life opportunities for commercial nuclear power plants.” Leadership at Barsebäck Kraft AB (BKAB) is equally satisfied with this successful initial step of the first dismantling of a commercial nuclear power

Lighting Manufacturer LTS Licht & Leuchten, Part of the Fargerhult Group, to Offer Selected Spot- & Downlights with Seoul Semiconductor’s SunLike Series Natural Spectrum LEDs16.3.2018 08:02Pressemelding

Seoul Semiconductor, a global innovator of LED products and technology, announced that its SunLike Series natural spectrum LEDs, which implement light closest to the spectrum of natural sunlight, has been adopted for selected luminaires of LTS Licht & Leuchten GmbH, a German manufacturer of high-quality luminaires for hospitality, retail, and office applications. This press release features multimedia. View the full release here: LTS Jett 100 spotlights equipped with SunLike LED technology (Photo: Business Wire) LTS has adopted SunLike natural spectrum LEDs for selected products, including the Jett 100 and CSA 60 spotlights. A series of spotlights with a discreet and individual appearance, and clear, straightforward design lines, Jett spotlights harmoniously blend in with any type of retail application. The high color rendering and superior luminous intensity of these spotlights enable lighting designers to achieve accentuated ar