Seabury Enterprise Solutions (SES), a subsidiary of Seabury Group, the global advisory and investment management firm, has acquired Aero Transport Engineering Consulting (Volartec). Volartec is a professional services and IT company that provides integrated and flexible Maintenance, Repair and Overhaul software solutions for the Aerospace industry.
SES will add Volartec’s Alkym suite of products, which integrates control and management software for aircraft maintenance, to Seabury’s aviation software tools, such as Enterprise Performance Analysis System (EPAS), which enables commercial airlines to improve financial performance one flight at a time, and Contract Performance Analysis System (CPAS), a highly configurable and efficient software for defining and applying contractual terms and conditions for transactions in order to generate an expected financial value.
SES Chief Executive Officer Bijoy Mechery, said: “Based on the success of our SES offerings, we are moving into adjacent markets that align with our strategy and allow customers the ability to utilize IT software tools, which create and improve operations. Our investment in Volartec is an outcome of responding to our clients’ requests for collaborative IT software tools that deliver predictable efficiencies.”
“We welcome the investment and partnership with Seabury,” said Volartec Chief Executive Officer Christian Maggio. “The capabilities of the Volartec team within the SES and the Seabury Group network will greatly expand visibility within the global Aviation and Aerospace industries and allow us to further develop IP which addresses customers’ needs.”
Seabury Group Chairman & Chief Executive Officer John E. Luth commented, “As a global advisory and investment management company focused not only on Aviation but also on associated markets, including Aerospace & Defense, Government Services, International Trade Finance and other Financial Services sectors, Seabury is expanding our IT solutions and software tools to better serve our customers. Seabury is increasingly broadening its global businesses to include enterprise IT solutions, structured finance products, and trade finance services.”