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MariApps acquires majority stake in OnboarD
MariApps Marine Solutions (MariApps) has entered into a definitive agreement to acquire US-based OnboarD, a provider of software solutions for the global cruise industry
Under the terms of the agreement, MariApps, which is focused on providing solutions to maritime enterprises and is a member of the Schulte Group, acquired 60% of the shares while existing shareholders Chris Daly and Jimmy Lopez retain the remaining shares and continue to lead the company.
MariApps and OnboarD have obtained new offices in Miami, Florida together with other Schulte Group entities, including cruise software specialist Rescompany Systems (Resco).The companies will collaborate and further enable OnboarD and its partners to offer its customers and the industry a comprehensive range of maritime solutions and state-of-the-art shipboard products.
A statement explains the strategic investment provides the opportunity to integrate and expand the established product portfolio to achieve innovative end-to-end solutions for the global cruise market.
“MariApps is delighted to add OnboarD to our portfolio of companies as we find a good synergy between Resco and OnboarD, both focusing on the cruise market. This also opens the door for MariApps and Resco to expand their marketing and business development capabilities in the US, which is one of the largest markets for ship management and cruise operations,” said MariApps Marine Solutions group chief executive Sankar Ragavan.
“We are pleased and excited to have reached an agreement with MariApps, which positions OnboarD to continue meeting and exceeding the expectations of our customers,” said OnboarD managing partner Jimmy Lopez. “The agreement is an exciting milestone for OnboarD as we begin the next phase of our evolution. With MariApps’ support we are confident OnboarD can expand its market reach and be better positioned to deliver value to our customers.”
OnboarD managing partner Chris Daly added, “We are excited by the opportunity to collaborate with the technical teams of MariApps and Resco to enhance our suite of products and bring innovating new products to market.”
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