TELEO Capital Acquires Onboard Services and Supply Chain Software Business from e-gatematrix (Paxia)
June 27, 2019
TELEO Capital Management acquired the onboard services and supply chain software business from e-gatematrix LLC; the business will operate as Paxia, Inc. Paxia provides enterprise cloud-based SaaS solutions for inflight catering and galley planning used by major airlines and catering partners, and TELEO plans to grow the business via product innovation and customer expansion.
- Buyers
- TELEO Capital Management, LLC
- Targets
- Paxia, Inc. (onboard services and supply chain software business)
- Sellers
- e-gatematrix LLC
- Industry
- Cloud & SaaS
- Location
- Virginia, United States
- Transaction Type
- Buyout
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