Leading growth investor Synova is delighted to announce that Insight Partners and Liberty Hall Capital Partners have acquired portfolio company Vistair (the “Company”) and merged the Company with Comply365, LLC (“Comply365”) to create a global provider of compliance, safety and data intelligence technologies serving the aviation, defence and rail industries. The exit will deliver a return of 6.5x invested capital for Synova.
Vistair is one of the world's leading providers of data management software to the aviation and defence sectors focusing on Flight Operations, Engineering and Safety and is trusted by many of the most progressive aviation and defence organisations worldwide.
Synova has supported the Company through a period of substantial growth, technological development, and international expansion. Vistair now counts over 40 of the world’s leading airlines as customers, having expanded from airline flight operations into airline engineering and from commercial airlines into the defence sector. Over the period, Vistair has also transitioned from a managed service provider to a SaaS software proposition and is now developing solutions to harness the vast level of data it holds to benefit its customers and the wider aviation industry. With offices in the UK, North America, and Australasia, Vistair is now a truly global business. During Synova's period of ownership EBITDA grew by over 500%.