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Enterprise Airline Operations Software sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Enterprise Airline Operations Software

1.1 - About Enterprise Airline Operations Software sector

Companies in this category develop and operate mission-critical systems for airlines and airports, integrating flight operations, passenger services, maintenance, and commercial functions. These vendors deliver real-time, compliant solutions that improve punctuality, resource utilization, and revenue performance while reducing disruption risk. The Enterprise Airline Operations Software category encompasses platforms that unify planning, execution, and customer service across the network, supporting global scalability and high availability.

Offerings typically include Passenger Service Systems that handle reservations, inventory, and ticketing alongside Departure Control Systems for check-in and boarding. Vendors provide flight planning and dispatch tools, crew rostering and compliance management, and maintenance/MRO suites with aircraft health monitoring. Many add revenue management and pricing optimization, NDC offer and order management with GDS/API distribution, airport and ground operations coordination, electronic flight bag integrations, and cargo management, all with robust data analytics and security.

Primary customers include network and low-cost airlines, airport operators, and ground handling/MRO providers. These systems enable improved on-time performance, faster disruption recovery, and optimized crew and fleet utilization while enhancing the passenger experience from booking to boarding. Strategic buyers in aviation IT value scalable architectures, strong regulatory compliance, and measurable cost savings, as well as uplift in yield management and ancillary revenue through better offer and order control.

2. Buyers in the Enterprise Airline Operations Software sector

2.1 Top strategic acquirers of Enterprise Airline Operations Software companies

Surf Air Logo

Surf Air

HQ: United States Website
  • Description: Provider of membership-based regional flight services delivered via an online aviation marketplace that arranges charter and scheduled flights with third-party carriers, while actively pursuing electric and hybrid-electric aircraft solutions to lower operating costs and emissions.
  • Key Products:
  • Unlimited Flight Membership: Subscription model where members pay a fixed monthly fee for unlimited regional flights on Surf Air’s network, eliminating per-trip ticketing and providing predictable travel costs
  • Surf Air Express Membership: Lower-cost program for infrequent travelers that combines a reduced annual fee with pay-per-flight pricing, giving flexible access to Surf Air routes without full subscription commitment
  • On-Demand Charter Service: Digital platform lets customers charter entire aircraft, including planes outside Surf Air’s fleet, for point-to-point travel worldwide, tailoring schedules and aircraft type to traveler needs
  • Electric/Hybrid Aircraft Development: Initiative leveraging the Ampaire acquisition to integrate hybrid-electric powertrains into regional aircraft, aiming to cut fuel use and emissions and support future electric flight operations across Surf Air’s network.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Enterprise Airline Operations Software sector

M&A buyer group 1: Rail IT

24 companies View group →
Description: Companies in this category build enterprise-grade software that digitizes passenger rail operations, sales, and customer experiences. Enterprise Passenger Rail Software providers deliver platforms for end‑to‑end journey management, combining ticketing, reservations, scheduling, and real-time information to streamline service delivery. Their systems help rail operators modernize distribution, integrate payments, improve operational control, and provide consistent passenger communications across web, mobile, station, and partner channels.
Thales

Thales

Website HQ: France
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of advanced technology, equipment and service solutions across aerospace, space, transportation, defence and security markets, supplying sophisticated onboard aviation systems, civil and military satellites, rail signalling and train control solutions, electronic warfare sensors, missile systems, secure mobile communications, encryption technology and command-and-control platforms.
  • Key Products:
  • FlytCare: Turnkey maintenance service supporting airline IFEC systems with customized spares, repairs, logistics and performance guarantees, ensuring seamless operations and high seat dispatch rates
  • Network Operations Center (NOC): 24/7 Network Operations Center monitors aircraft connectivity, uses LiveConnect for real-time issue detection, coordinates with satellite providers and engineers to rapidly restore committed service levels
  • Cybersecurity Operations Center (CSOC): Centralized Cybersecurity Operations Center delivers threat intelligence, dashboards, vulnerability management, log archiving and automated response, ensuring continuous detection, prevention and rapid mitigation of cyber incidents
  • Aircraft Technical Services (ATS): Aircraft Technical Services deliver on-wing line maintenance, system checks, cabin sweeps and performance planning to maximize ground time usage and minimize passenger disruption.
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Enterprise Airline Operations Software sector

3.1 - Buyout funds in the Enterprise Airline Operations Software sector

Buyout Funds investing in Enterprise Airline Operations Software companies

51+ funds
Description: Buyout funds focused on Enterprise Airline Operations Software companies globally.

Vista Equity Partners

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Enterprise Airline Operations Software
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Enterprise Airline Operations Software sector

Growth Equity Funds in Enterprise Airline Operations Software companies

41+ funds
Description: Growth equity funds focused on Enterprise Airline Operations Software companies globally.

Summit Partners

Website HQ: United States
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Enterprise Airline Operations Software
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Enterprise Airline Operations Software companies

4.2 - Public trading comparable groups for Enterprise Airline Operations Software sector

Valuation benchmark group 1: Industry-Specific SaaS Companies

13 companies View group →
Description: Companies in this public trading comparables group provide industry‑specific, mission‑critical software delivered primarily via the cloud. Their business model centers on recurring subscription revenue augmented by maintenance and professional services, and in some cases hardware-enabled platforms. They are grouped as valuation benchmarks because they address vertical workflows with high switching costs, durable customer relationships, and predictable growth profiles typical of vertical market software.
Constellation Software logo

Constellation Software

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of software and services to public and private sector markets, specializing in acquiring, managing, and building industry-specific software businesses that offer mission-critical solutions to meet unique customer needs.
  • Key Products:
  • Vertical Market Software: Industry-specific software tailored to meet unique sector needs
  • Mission-Critical Solutions: Software that addresses essential business operations
  • Managed Services: Comprehensive management of software and IT infrastructure
  • Software Licensing: Licensing solutions for various industries
  • System Integration: Integration of disparate systems for seamless operations
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Enterprise Airline Operations Software sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Enterprise Airline Operations Software sector

Who are the top strategic acquirers of Enterprise Airline Operations Software companies?

Top strategic buyers in this sector include Surf Air, a provider of membership-based regional flight services delivered via an online aviation marketplace that arranges charter and scheduled flights with third-party carriers, while actively pursuing electric and hybrid-electric aircraft solutions to lower operating costs and emissions. .

Which buyer groups are most relevant for Enterprise Airline Operations Software companies?

Relevant strategic buyer groups similar to the Enterprise Airline Operations Software sector include Rail IT because they share similar customer segments and product capabilities.

Financial Investors in Enterprise Airline Operations Software sector

Which are the top PE firms investing in Enterprise Airline Operations Software companies?

Potential investors in the broader Enterprise Airline Operations Software space include Summit Partners and Vista Equity Partners.

Who are the top buyout funds acquiring Enterprise Airline Operations Software companies?

Active PE funds and buyout funds acquiring companies in the Enterprise Airline Operations Software space include Vista Equity Partners.

Who are the top growth equity funds investing in Enterprise Airline Operations Software companies?

Growth funds investing in the broader Enterprise Airline Operations Software sector include Summit Partners.

Valuation of Companies in Enterprise Airline Operations Software sector

Which are the key public companies that are relevant trading comps for Enterprise Airline Operations Software companies?

Key trading comparable groups include Constellation Software, a provider of software and services to public and private sector markets, specializing in acquiring, managing, and building industry-specific software businesses that offer mission-critical solutions to meet unique customer needs..

Which are the key trading comparable groups for Enterprise Airline Operations Software companies?

Similar trading comparable companies include Industry-Specific SaaS Companies. Our platform tracks detailed trading comparable groups in the Enterprise Airline Operations Software sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Enterprise Airline Operations Software sector?

Our platform tracks M&A transactions in the Enterprise Airline Operations Software sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Enterprise Airline Operations Software?

Access recent funding rounds in the Enterprise Airline Operations Software sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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