TIK Systems secures additional growth-investment
Bangkok: Monday, 4. May 2020: TIK Systems, one of the leading airline solution providers for small and medium sized airlines, based in Bangkok and Chiang Mai, Thailand, and with additional offices in Switzerland and Serbia, today announces that it has raised a further private investment.
The capital will be used to support the continued development of its cloud-architected open systems airline enterprise solution under the brand name oops.solution.
Roland Heller, Managing Director of TIK Systems said: “The trust of our investors and owners and the strength of our global teams enable us to enhance our leading product portfolio with additional functionality, customer requirements and new product domains.”
TIK Systems’ roots go back to 1995, when the company was founded as a joint venture between independent entrepreneurs and Swissair Information Systems. From the first days, TIK Systems has focused on developing solutions for the airline industry. In 2004, the company launched its passenger services system (PSS) called tikAERO. A few years later, the business was sold to Mercator, the IT company of the Emirates Group. The product was renamed to Avantik and was successfully implemented with airlines around the world. After almost 10 years in hibernate-mode, the owners have decided to re-launch the business activities as a startup with the introduction of the first modules of oops.solution.