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Complementary Solution Aimed at Accelerating Airline Lodging Sales
ATLANTA--(BUSINESS WIRE)--
FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, announced today the acquisition of Levarti, an airline software platform company. Levarti provides a suite of solutions that automate passenger disruptions including passenger notifications, flight re-bookings, hotel accommodations, transfers and vouchers.
Levarti’s MAX software suite was launched in 2014 with a number of global airlines adopting it to digitize their airport operations and communications. Levarti’s MAX mobile apps provide passengers with an end-to-end digital experience from check-in, during flight with contactless payments, and through baggage tracking and claim.
FLEETCOR®’s existing airline lodging unit books millions of hotel room nights for global airlines’ crews and disrupted passengers each year.
“This acquisition gives us a complementary solution to further automate and streamline passenger disruption events for our airline clients. We expect our combined offering will be of great interest to airlines, and lead to accelerated sales in our lodging airline segment,” Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc.
“We are thrilled to join the FLEETCOR team. FLEETCOR has a set of airline relationships with the potential to accelerate our sales pipeline,” said Anthony Murray, founder and CEO of Levarti.
Eversheds Sutherland (International) LLP provided legal counsel to FLEETCOR. Taylor Vinters LLP provided legal counsel to Levarti’s sellers.
About FLEETCOR
FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that simplifies the way businesses manage and pay their expenses. The FLEETCOR portfolio of brands help companies automate, secure, digitize and control payments on behalf of their employees and suppliers. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com.
fleetcor is a leading global provider of fuel cards and specialized payment products to businesses. fleetcor's payment programs enable businesses to better control employee spending and provide card-accepting merchants with a high volume customer base that can increase their sales and customer loyalty. fleetcor serves over 500,000 commercial accounts with millions of cardholders across the united states, canada, mexico, europe, africa and asia. for more information, please visit www.fleetcor.com. we have developed an extremely successful company based on our core principles; determination, drive, outstanding value, industry leading products, and quality people. as a result fleetcor has grown more than 40% over the last 10 years and is the world's largest provider of commercial fleet card programs. through our organic growth initiatives, strategic acquisitions, and solid business acumen, that growth will continue. to maintain our top position in the industry, it is vital to continual
