The shareholders of Quantum Aviation Solutions Inc. a software company that offered two products for the aviation industry, Baggage Management Solutions and Telematics Solutions, announce the sale of the baggage management software keeping the telematics product.
John Collins, the majority investor says: “The telematics market is a very exciting fast-growing market with enormous opportunities.
“We decided to refocus the business exclusively on advancing our market presence with telematics solutions”.
In 2016 Quantum Aviation Solutions, Inc. acquired the German based company proveo GmbH. proveo is well known as a pioneer, being one of the first companies offering a telematics solution that was specialized for the aviation industry.
During the recent years and as part of the Quantum Aviation Solutions the former proveo telematics products have significantly expanded their functionality.
Many customers around the world have implemented the proveo technology, product and services are highly recognized in the market.
Going forward, the name Quantum Aviation Solutions will remain with the Baggage Management business while the telematics business will change the name back to proveo.
Ursula Hess the Managing Director of the German business who is responsible for the telematics product suite says: “We are very excited about the growth and the increasing functional requirements in the telematics market which we can address with our highly configurable product.
“We are continuously expanding our product offerings to provide critical features to our aviation customers and also to our customers in other industries who have adopted our advanced solutions.”
The company will continue its business uninterrupted under the name proveo.
