Ponterra Business Advisors said it has successfully advised Plusgrade on the investment that it received from TA Associates. This represents Ponterra´s third aviation software transaction since 2014.
Plusgrade, a technology company that offers a software-as-a-service (SaaS) platform that enables airlines to capture incremental, high-margin revenue and enhance traveler experiences, closed its recent transaction with TA Associates, a leading global growth private equity firm. Plusgrade´s products serve more than 35 premier airlines globally and help airlines monetize premium inventory and services that would otherwise go unused.
With offices in the Washington, D.C. area and in San Juan, Puerto Rico, and representation in Berlin, Germany, Ponterra Business Advisors is an independent, strategic business and mergers and acquisitions advisory firm with a unique focus on the global travel, hospitality, retail and foodservice technology and services sectors.
Plusgrade is a market leading provider of upgrade solutions, a key segment of the fast-growing ancillary revenue and merchandising sector in the global airline industry.