Under the terms of the agreement, MariApps, member of the Schulte Group, acquired 6 per cent of the shares while existing shareholders Chris Daly and Jimmy Lopez retain the remaining shares and continue to lead the company.
MariApps and OnboarD have obtained a new office space in Miami, Florida together with other Schulte Group entities, including cruise software specialist Rescompany Systems (Resco).
All the companies will collaborate and further enable OnboarD and its partners to offer its customers and the industry a comprehensive range of maritime solutions and shipboard products. The strategic investment provides the opportunity to integrate and expand the established product portfolio to achieve innovative end-to-end solutions to a global cruise market.
“MariApps is delighted to add OnboarD to our portfolio of companies as we find a good synergy between Resco and OnboarD, both focusing on the cruise market. This also opens the door for MariApps and Resco to expand their marketing and business development capabilities in the US, which is one of the largest markets for ship management and cruise operations,” said Sankar Ragavan, CEO, MariApps Marine Solutions group.
“We are pleased and excited to have reached an agreement with MariApps, which positions OnboarD to continue meeting and exceeding the expectations of our customers,” said Jimmy Lopez, OnboarD’s managing partner. “The agreement is an exciting milestone for OnboarD as we begin the next phase of our evolution. With MariApps’ support we are confident that OnboarD can expand its market reach and be better positioned to deliver value to our customers.”