Aircraft IT Logo

Skip Navigation LinksHome::Operations::News::Navtech partners with new US shareholder
November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 April 2017 March 2017 February 2017 January 2017 December 2016 November 2016 October 2016 September 2016 August 2016 July 2016 June 2016 May 2016 April 2016 March 2016 February 2016 January 2016 December 2015 November 2015 October 2015 September 2015 August 2015 July 2015 June 2015 May 2015 April 2015 March 2015 February 2015 January 2015 December 2014 November 2014 October 2014 September 2014 August 2014 July 2014 June 2014 May 2014 April 2014 March 2014 February 2014 January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 August 2010

Navtech partners with new US shareholder

18/06/2013

Navtech
Connect with Aircraft IT
Sign up to the Aircraft IT twitter feed for all the aviation industry's latest IT related news
Click here to learn about free Membership to Aircraft IT




June 18, 2013 (TORONTO) - Navtech Inc., a leader in flight operations software and services, is pleased to announce a new investor in Navtech.  Veronis Suhler Stevenson (VSS), a global private investment firm, has committed to support Navtech's international efforts to provide airlines with high-quality, mission-critical aeronautical products and services including aeronautical charts, navigation data, and flight planning, aircraft performance, and crew planning software solutions.

VSS, based in New York and London, invests in information, education, media, marketing and business services, now including aviation software and services from Navtech.  The VSS team of experienced professionals brings wide ranging experience across a variety of industries to the relationship with Navtech's management.  VSS joins Cambridge Information Group (CIG), a family owned investment firm focused on education, research and information services, and Externalis, a European based investment firm, as continuing Navtech investors.

"This new mix of investors shows confidence in Navtech and our growth strategy," said Mike Hulley, Navtech President and CEO. "We will leverage this investment to expand our market share in our traditional European footprint, the Asia Pacific region, and in North America."

"We believe that Navtech's state of the art, SaaS applications are well positioned to help airlines increase safety, maximize efficiency, and reduce operating costs," said David Bainbridge, Partner, VSS Structured Capital Funds. "With its recently upgraded product portfolio, the company will continue to capture global market share and lead the development of electronic flight bag solutions."  Navtech has operating offices in Canada, the UK and Sweden and is supported by satellite staff worldwide.

About Navtech, Inc.

Navtech, Inc. is a leading global provider of flight operations solutions, serving more than 350 airlines and aviation services customers.  Navtech's product suite includes aeronautical charts, navigation data solutions, flight planning, aircraft performance software (take-off/landing, weight and balance), and crew planning solutions.  Many of Navtech's products can be configured as part of an EFB solution, including take-off data calculation, weight and balance, and aeronautical charts.  These products, supported by Navtech's ISO: 9001 certification, directly support millions of flights each year and help Navtech customers maximize efficiency, reduce costs, ensure compliance with complex national and international safety regulations, and effectively deliver their services.

Navtech is an international company with offices just outside Toronto in Waterloo, Ontario -- Canada's technology center - and in Stockholm, London, and Ahmedabad, India, and is further supported by satellite offices around the world.  Its home on the web www.navtech.aero is the first and only site for viewing the Navtech Aviation Poster Collection, a collection of hundreds of posters and other ephemera that capture the history of aviation through the arresting graphic design of the day.

Contact:
Andrea Murray, +1 519-747-1170 or amurray@navtech.aero
Tanya Dessereau, +1 212-381-8556 or dessereaut@vss.com

About Veronis Suhler Stevenson (VSS)

Veronis Suhler Stevenson is a private equity and debt capital fund management company dedicated to investing in the business services, information, education, media, and marketing industries in North America and Europe. VSS provides capital for buyouts, recapitalizations, growth financings and strategic acquisitions to lower middle-market companies and management teams with a goal to build companies both organically and through a focused add-on acquisition program.

Since the closing of the first VSS Buyout Fund in 1987, VSS has managed four Buyout Funds and two Structured Capital Funds with initial capital commitments in excess of $3.1 billion. The six funds have to date invested approximately $2.8 billion in 73 portfolio companies which have in turn completed over 320 add-on acquisitions. The company's website is www.vss.com.

About Cambridge Information Group (CIG)

Cambridge Information Group is a family owned management and investment firm, primarily focused on information services, education and technology. CIG has been investing in and building companies for long-term success for over 40 years. The executive team completed over 30 acquisitions in the last ten years including the acquisition of ProQuest Information and Learning in February 2007. Currently, the CIG family of companies employs more than 2,100 people in 26 countries. The company's website is www.cig.com.

About Externalis

Externalis is a Belgian holding company owned by Alain Mallart, which invests in companies focusing primarily on:

  • technology and data processing
  • renewable energy
  • recycling and landfills
  • soil decontamination

Externalis employs, directly and indirectly, over 3,300 people worldwide. Alain Mallart is a well known French entrepreneur who established Novalliance in the early 1990s, a French logistics group with 12,000 employees and a turnover of US $ 1.5 billion. Alain Mallart also established GFI Informatique, a French IT company employing 6,000 people.  Since 2000, Alain Mallart has been focusing on investing his own funds in various ventures through his personal holdings Externalis (www.externalis.be) and Energipole (www.energipole.be).