GE Aviation has acquired Critical Technologies, Inc., branded as AirVault, a privately-owned supplier of cloud-based digital records management, the company said.
The combination of AirVault and GE will further enable web-based fleet maintenance records management across the aviation ecosystem with GE´s Configuration Data Exchange. Coupled with GE´s Predix industrial cloud platform, this further strengthens the team in developing meaningful insights and optimizing operations over a wide range of aviation applications.
AirVault, with data center operations in Dallas and Oklahoma City, is a provider of ECM applications for global enterprises. The company delivers packaged document management, business process, and related analytical data applications exclusively as Software as Service (SaaS) via a patented multi-tenant service platform.
More than 40 major airlines and MROs trust AirVault with their aircraft maintenance records. The company manages the maintenance records for more than 50% of the North American commercial aircraft fleet for 4,400 aircraft tail numbers and 20% globally. AirVault manages more than seven billion records in a private, secure cloud hosted at the company´s fully redundant data centers for access by 40,000 users worldwide.
FOCUS Investment Banking LLC advised Critical Technologies in this transaction.
GE Aviation, an operating unit of General Electric Company (NYSE: GE), is a provider of commercial and military jet engines, and avionics, digital solutions, and electrical power systems for aircraft.