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Volaris Group Acquires Orkis
VLRStroladora Vuela pania de Aviacion(VLRS) GlobeNewswire News Room·2024-12-03 13:00

Core Insights - Volaris Group has announced the acquisition of Orkis, a France-based provider of Digital Asset Management software and related services [1][5] - Orkis has established itself as a key player in the digital asset management sector, particularly in government and defense markets [2][4] Company Overview - Orkis was founded in 1995 by André Capurro, who aimed to transition the company from hardware manufacturing to digital asset management software [2] - The company's main software platform, Ajaris, has been successful in securing contracts with the French government and blue-chip companies [2][4] - Ajaris offers a comprehensive web suite enhanced by artificial intelligence for content professionals, and is increasingly delivered in a SaaS model [4][5] Strategic Fit - Orkis is seen as a strong addition to Volaris Group's portfolio, aligning well with its focus on vertical market software providers [5] - Volaris Group aims to support Orkis in expanding its market presence in government administration, luxury industries, and local authorities [5] Technological Innovation - Ajaris includes features such as sovereign hosting, AI capabilities, and high-security technology, positioning it as a leading solution in the digital asset management space [4][5] - The company continues to offer on-premise solutions for specific sectors like defense and nuclear industries [4] Market Position - Orkis is recognized as a historical first mover and continuous innovator in the Digital Asset Management field in France [5] - The acquisition is expected to enhance Orkis's capabilities and market leadership in Europe [3]