AD OPT

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AD OPT - overview

Established

1987

Location

Montreal, QC, Canada

Primary Industry

Software

About

AD OPT is a Canadian technology company specializing in advanced optimization solutions for airline operations and crew management, enhancing efficiency and compliance across the aviation industry. Founded in 1987 and headquartered in Montreal, Canada, AD OPT develops software solutions to optimize airline operations. The company was acquired by IBS Software Services in May 2019 from Kronos Incorporated, with financial terms undisclosed. The founder's history and additional information on past companies are not available.


AD OPT's core offering includes a comprehensive suite of optimization software tailored for airline operations and crew management. Its solutions address critical challenges such as on-time flight management, crew rostering, and maintenance scheduling through intelligent digital tools that leverage real-time data, serving a diverse clientele across North America, Europe, Asia-Pacific, and the Middle East. AD OPT generates revenue primarily through subscription-based services linked to its optimization software. Clients enter contractual agreements for various modules tailored to their operational needs, including services for flight operations and crew planning, with revenue recognized as clients utilize the platform's features.


Following its acquisition in May 2019, AD OPT plans to enhance its product offerings and expand into new markets. The company aims to leverage recent funding to support the development of new software solutions designed for improved airline operations. Geographic expansion is targeted toward emerging markets in Asia-Pacific and Europe, with specific timelines for product launches not yet disclosed.


Current Investors

Blackstone Group, IBS Software Private Limited

Primary Industry

Software

Sub Industries

Analytics & Performance Software, Logistics Software

Website

www.ad-opt.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

AD OPT - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedAD OPT-

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