Warburg Pincus Appoints Cormac Whelan as Mercator CEO
DUBAI, UAE and LONDON, February 3, 2016 /PRNewswire/ --
Industry Innovator Takes the Helm of Technology and Managed Services Leader
Mercator Solutions ("Mercator"), a leading provider of technology-enabled solutions to the travel, transportation and logistics industry, backed by Warburg Pincus, a leading private equity firm focused on growth, today announced that Cormac Whelan has joined as Chief Executive Officer.
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Whelan brings to Mercator an enviable track record founding and developing market leading companies known for innovative products and services, along with extensive experience and expertise in the airline and travel markets. He is currently the Chairman of Boxever, a fast-growing data science and customer intelligence platform, and previously the CEO of Datalex PLC, the largest digital retail platform provider to the global airline industry.
At Datalex, Whelan led a team that transformed the way over 500 million travelers purchased travel and travel related products and services, and helped change the way travel companies inspired and engaged their customers. Leading organizations, ranging from US West Coast based start-ups and public companies to European private and listed corporations have benefited from his blend of innovation, leadership, sales, marketing, and finance expertise.
Whelan said, "With Warburg Pincus in partnership with Mercator, the company is uniquely poised to become a disrupter in the global travel and transportation industry. There is untapped opportunity to harness the power of technology to transform the passenger experience and the way cargo is managed and delivered. Our vision is to capitalize on the power of Mercator's market position, its software platforms, products, and managed services capabilities to drive the next level of innovation and engagement for travelers, shippers, and carriers alike."
"Cormac is the right CEO to drive our growth following Mercator's successful carve out from the Emirates Group last year. We are delighted to attract a leader with the vision to challenge current industry thinking and the ability to lead a team to design and deliver the right solutions." commented Joseph Schull, Chairman of Warburg Pincus International LLC.
About Mercator
Mercator is a leading provider of software platforms and technology-led solutions to the global travel, transportation, and logistics industry. We enable clients to simplify the movement of people and cargo around the world. Our aviation heritage, built from years of experience in developing IT solutions specifically for airlines - gives us unrivalled insight. Our specialized team of experts developed a specific portfolio of solutions, rigorously testing them in the real world. Our key solutions and services include Cargo & Logistics Management, Financial Management, Customer Experience, and Distribution Services. These technologies manage critical processes for all segments of the TTL industry. For more information please visit http://www.mercator.com.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in assets under management. The firm's active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 15 private equity funds, which have invested more than $50 billion in over 720 companies in more than 35 countries. Investments in technology and business services companies have included Coyote, EFS, Endurance International Group, FIS, InComm, PayScale, Wall Street Systems and Yodlee. The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, Sao Paulo and Shanghai. For more information please visit http://www.warburgpincus.com.
SOURCE Mercator Solutions FZE
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