News - Comply365

Veteran Travel and Aviation Software Executive to Lead Global Business Transformation for Leading Global All-in-One Compliance, Safety and Training Platform

Beloit, Wis. / Bristol, England / Tel Aviv, Israel – November 12, 2024 – Comply365, LLC (“Comply365”), a leading global provider of compliance, training and safety management solutions for the aviation, rail and defense industries, announced today the appointment of Ilia Kostov to Chief Executive Officer. Comply365 is a portfolio company of Insight Partners and Liberty Hall Capital Partners (“Liberty Hall”).

Mr. Kostov succeeds Rob Morgan, who first joined Vistair Limited (“Vistair”) in 2015 and helped lead the company through an important period of growth and integration, including overseeing the merger of Comply365 and Vistair, which was announced in January 2024.

Mr. Kostov, a travel and aviation software industry veteran, has more than two decades of experience leading product and sales strategy, finance, operations, marketing and customer service organizations. Mr. Kostov is a business transformation leader who has worked in aviation and broader travel industry software, including roles at Sabre, GuestLogix and Amadeus.

“We are thrilled to welcome Ilia to the team to lead the next phase of Comply365’s value creation. Ilia’s proven track record in product, strategy, operations and acquisition integration makes him an ideal leader and will provide invaluable leadership for Comply365’s next phase of organic and inorganic growth,” said James Black, Partner at Liberty Hall.

“As a multidisciplinary leader with deep experience in the aviation software industry, Ilia has excelled at delivering ground-breaking solutions, enhancing customer experiences, and delivering on aggressive growth goals. We are confident in our belief that he will guide us to new heights,” added Henry Frankievich, Managing Director at Insight Partners.

“I am thrilled to join Comply365 at an inflection point in its already very successful history,” said Mr. Kostov. “I am looking forward to supporting Comply365’s outstanding global team and executing our strategy for the benefit of our aviation, rail and defense customers. Comply365 has an exciting opportunity to introduce an integrated and comprehensive platform that aims to improve safety and compliance, increase operational integrity and reduce operating costs. This industry-first value proposition and innovation is expected to drive ROI for our customers.”

About Comply365

Comply365 is a leading provider of operational content management, safety management and training management in the highly regulated industries of aviation, defense and rail. Comply365 provides a powerful combination of expertise and products underpinned by unified best practices, providing airlines, rail and defense organizations with a single digital platform to elevate operational excellence, transform safety management and training, with closer integration of relevant data sets across domains. By empowering airline, rail and defense organizations with an all-in-one compliance, safety, training and data platform, Comply365 ensures their crews and assets are always geared for peak operational performance, unlocking unparalleled financial and operational gains through more streamlined, robust and agile operations. Comply365 is the trusted technology partner of many of the most progressive aviation and defense organizations worldwide with a global customer base of over 140 airlines, defense and rail organizations. For more information, please visit www.comply365.com.

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2024, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

About Liberty Hall

Liberty Hall Capital Partners is a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry. Liberty Hall’s principals have a 25-plus year history of working together and have led the investment of over $2.5 billion in equity capital in over 25 businesses serving multiple segments of the aerospace and defense industry, including the investment of over $1.0 billion in equity capital since the formation of Liberty Hall. Liberty Hall was founded in July 2011 as the first, and remains the only, private equity firm focused solely on investments in middle market businesses serving the aerospace and defense industry. Liberty Hall executes a proven and repeatable investment strategy designed to transform middle market businesses into larger, more capable and diverse strategic assets. For more information, please visit http://www.libertyhallcapital.com.

[vc_row][vc_column][vc_column_text]Comply365 Platform Streamlines Operations for Growing Private Aviation Company

Beloit, WI – FEB. 16, 2023 – Aviation software leader Comply365 is excited to share its newest implemented customer, Wheels Up Experience Inc. (NYSE:UP), who is relying on Comply365’s cloud-based document and compliance management system and electronic forms to transform their digital operations. Employees across nearly every department are using Comply365’s mobile platform to view and personalize their latest operational documents, record compliance and send information back to the operation.

Wheels Up is one of the largest private aviation companies in the world – with the membership-based, on-demand charter business headquartered in New York City. In 2021, Wheels Up became the first private aviation company to be traded on the NYSE, and last year, it expanded its global reach when it acquired the UK-based global aviation services group Air Partner PLC (LSE: AIR).

“As we’ve expanded our global operations and grown our fleet and services, the need for a unified system that easily tracks and manages compliance and operational content across our group became vital,” said Michael Vargo, senior vice president of Operations at Wheels Up. “We needed a simple way to distribute documents to our flight and operations crews, gather data from them, and capture and report on compliance across our enterprise. Comply365’s mobile solutions will simplify and unify these processes, providing greater efficiencies for us as we keep growing.”

Wheels Up reported its active members grew by 12 percent year-over-year, and it increased its revenue by 39 percent year-over-year, according to its 2022 third-quarter financial report.

Using Comply365’s mobile app, pilots, flight attendants and other operational crew members will always have the most updated content with revision control and automated syncing. Within the app, they can search across all their manuals at once, use tags to filter documents, and add personal annotations, bookmarks, and highlights that will be retained whenever a document is updated.

“Working with the knowledgeable team at Comply365 implementing the solution made for a smooth process, especially considering we rolled it out across all five of our AOCs (air operator certificates) at once,” Vargo said. “We are pleased to hear our flight crews found the app intuitive, and they are enjoying all the benefits of having what they need at their fingertips.”

Wheels Up is now able to distribute all document types (PDF, XLS, MP4, etc.) based on a user’s role. Users can easily see what’s changed in an updated document and read and sign in the same place. Automated compliance tracking and reporting will provide increased visibility and insights for Wheels Up.

“It’s my pleasure to welcome Wheels Up into our Comply365 community and congratulate them on a successful implementation. It’s an exciting time at Wheels Up, and we are proud to provide them with a solution to their challenges that will enhance the efficiency and safety of their operations,” said Tom Samuel, CEO of Comply365. “We look forward to our continued partnership in helping them streamline their operational content and compliance management.”

ABOUT COMPLY365
Comply365 is the leading provider of enterprise SaaS and mobile solutions for content management and document distribution in highly regulated industries including aviation, rail, and energy. Comply365 supports the world’s most mobile and remote workforces with targeted and personalized delivery of job-critical data that enables safe, efficient, and compliant operations. Every day, hundreds of thousands of pilots, flight attendants, maintenance technicians, rail conductors and engineers, and energy workers rely on Comply365 for digital delivery of operational (OEM and company) manuals. Having played an instrumental role in the FAA’s approval of replacing the traditional, paper-based, pilot flight bags with electronic flight bags (EFBs), Comply365 partners with clients to transform their industries.

ABOUT WHEELS UP
Wheels Up is a leading provider of on-demand private aviation in the U.S. and one of the largest private aviation companies in the world. Wheels Up offers a complete global aviation solution with a large, modern and diverse fleet, backed by an uncompromising commitment to safety and service. Customers can access membership programs, charter, aircraft management services and whole aircraft sales — as well as unique commercial travel benefits through a strategic partnership with Delta Air Lines. The Wheels Up Services brands also offer freight, safety & security solutions and managed services to individuals, industry, government and civil organizations.

Wheels Up is guided by the mission to connect flyers to private aircraft—and one another—and deliver exceptional, personalized experiences. Powered by a global private aviation marketplace connecting its growing base of more than 13,000 members and customers to a network of more than 1,500 safety-vetted and verified private aircraft, Wheels Up is widening the aperture of private travel for millions of consumers globally. With the Wheels Up mobile app, members and customers have the digital convenience to search, book and fly.

To learn more about Wheels Up, visit wheelsup.com.

FOR MORE INFORMATION CONTACT:
Gina Duwe
Marketing Coordinator
Comply365
+1 608 313 1500
marketing@comply365.com

Wheels Up
press@wheelsup.com[/vc_column_text][/vc_column][/vc_row]

Tag: News

Comply365 Appoints Ilia Kostov as Chief Executive Officer

Wheels Up Selects Comply365 For Operational Document & Compliance Management