JETNET has agreed to acquire Asset Insight, LLC, one of the world’s most experienced aviation-focused valuation firms and creator of eValues, business aviation’s most advanced real-time valuation tool. The acquisition is the first of what the company anticipates will be several future acquisitions as JETNET expands its data-driven product offerings for the aviation industry and leverages a recent majority investment led by Silversmith Capital Partners.
“We’ve had the opportunity to work with Asset Insight as a partner over the course of many years and know how strategic the company’s valuation and cost-of-ownership products are to our customer base,” said JETNET CEO Greg Fell. “Tony Kioussis is a highly-respected and talented expert in the aviation industry who we are excited to have join the JETNET team as we expand our product offerings and global footprint.”
JETNET offers the most comprehensive and reliable database of business and commercial aviation information to its global customer base. Working directly with operators, owners, and manufacturers, JETNET maintains accurate information on pricing, availability, and location of mission-critical aviation resources. Asset Insight provides a broad spectrum of aircraft valuation software and analytics tools to help inform purchasing decisions, financing costs, and total-cost-of-ownership data for its customers. Combined, the two companies will deliver best-in-class products that provide customers with up-to-date, easy-to-understand, actionable information they require for making business decisions.
“Asset Insight and JETNET share a vision to simplify and improve the overall aircraft ownership experience for customers,” said Tony Kioussis, President & CEO of Asset Insight. “Decision-makers in the aviation industry use JETNET’s data and market intelligence as an essential part of their daily operations. We look forward to joining the JETNET team to help bolster its product offerings and provide even more value to our shared customer base.”