Air New Zealand and Aimia Acquire Kiwi Analytics Business
11Ants Analytics was born out of Waikato University research and was founded and developed by WaikatoLink, the University's commercial arm.
11Ants has developed an innovative cloud-based retail analytics platform. The solution allows retailers such as supermarkets, fuel retailers, home improvement, fashion, pharmacies and department stores to obtain actionable insights from their raw transactional and customer data in order to understand their customers better and create deeper customer relationships.
The joint venture will see 11Ants Analytics' business expand into the 20 countries Aimia operates in, across several industries including the retail and travel sectors.
Hamish Rumbold, General Manager Customer Value at Air New Zealand, says the airline has a strong focus on keeping customers at the core of its business and investing in the things they truly value.
"Investing in new technologies and finding new ways to innovate enables us to take this to the next level, with decisions about our business and the products and services we offer our customers based on data insights from those same customers," Mr Rumbold says.
"Businesses have a lot of information about their customers' buying behaviour but often don't know how to use it to improve the experience for the customer or the performance of their business.
"In an increasingly digital world customers expect the businesses they frequent to provide them with a personalised experience. 11Ants Analytics' technology enables businesses to listen, understand and act with a much deeper understanding of their customers."
Marc Allsop, Senior Vice President, Global Business Development at Aimia, says that "although this is a small tuck-in investment for Aimia, this collaboration presents a significant opportunity to develop game changing new products, including a solution that is specific to the travel industry, providing Air New Zealand and other travel clients with the data analytics capabilities needed to provide a more personalised customer experience.
"Working with an innovative airline such as Air New Zealand and the 11Ants Analytics team immediately adds to Aimia's deep global data analytics and product capabilities, and is a fantastic opportunity for us to develop new products for the untapped travel sector."
11Ants Analytics' Chief Executive Officer Tom Fuyala says the acquisition by globally respected industry leaders Aimia and Air New Zealand provides validation of 11Ants Analytics' unique approach and speaks to the incredible opportunity to expand into the high potential travel market.
"Businesses all over the world have an appetite for customer analytics, but typically they don't have the know-how or the budget to execute. 11Ants Analytics' solutions make customer science accessible, affordable and immediately deployable," Mr Fuyala says.
WaikatoLink's Chief Executive Duncan Mackintosh says "the purchase by two large global companies is a wonderful success story for New Zealand, and particularly for 11Ants Analytics and its people and for major shareholders WaikatoLink and Endeavour Capital.
"The investment by Air New Zealand and Aimia offers significant opportunities to accelerate the growth of 11Ants Analytics' existing products globally and to continue to innovate into the future."
The terms of the purchase agreement remain confidential.
Issued by Air New Zealand Public Affairs
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About 11Ants Analytics
11Ants Analytics is a spinout company from WaikatoLink, created from machine learning research at the University of Waikato. 11Ants Analytics grows retailers' profits and enhances their relationships with customers by making retail customer science accessible, affordable and immediately deployable. Our cloud based solution automatically transforms the digital exhaust which is retail transactional data, into an understandable and actionable customer-science framework providing both strategic and tactical tools to drive retail growth. 11Ants Analytics is based in New Zealand. For further information visit http://www.11antsanalytics.com
Aimia Inc. (TSX:AIM) is a data-driven marketing and loyalty analytics company. We provide our clients with the customer insights they need to make smarter business decisions and build relevant, rewarding and long-term one-to-one relationships, evolving the value exchange to the mutual benefit of both our clients and consumers.
With close to 4,000 employees in 20 countries, Aimia partners with groups of companies (coalitions) and individual companies to help generate, collect and analyze customer data and build actionable insights.
We do this through our own coalition loyalty programs such as Aeroplan in Canada and Nectar in the UK, and through provision of loyalty strategy, program development, implementation and management services underpinned by leading products and technology platforms such as the Aimia Loyalty Platform and SmartButton, and through our analytics and insights business, including Intelligent Shopper Solutions. In other markets, we own stakes in loyalty programs, such as Club Premier in Mexico, Air Miles Middle East and Think Big, a partnership with Air Asia and Tune Group. Our clients are diverse, and we have industry-leading expertise in the fast-moving consumer goods, retail, financial services, and travel and airline industries globally to deliver against their unique needs.
For a full list of our partnerships and investments, and more information about Aimia, visit www.aimia.com.
About Star Alliance:
Air New Zealand is proud to be a member of Star Alliance. The Star Alliance network was established in 1997 as the first truly global airline alliance to offer worldwide reach, recognition and seamless service to the international traveller. Its acceptance by the market has been recognized by numerous awards, including the Air Transport World Market Leadership Award and Best Airline Alliance by both Business Traveller Magazine and Skytrax. The member airlines are: Adria Airways, Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Portugal, Turkish Airlines, THAI and United. The integration of Avianca Brasil is currently in progress. Overall, the Star Alliance network currently offers more than 18,500 daily flights to 1,321 airports in 193 countries.