Hong Kong,
Learning and Technology provider, Peak Pacific Limited, has acquired a majority interest in CavokSoft’s eTo (Electronic Training Objects) software product. The two companies signed a long-term business partnership agreement that will provide the Belgium-registered aviation software start-up access to Peak Pacific’s technology expertise and resources, and enable the eTo product to grow into a commercially viable product with a global customer base. The acquisition expands Peak Pacific’s technology products footprint in the aviation industry.
Peak Pacific Founder & Group CEO, Kishor Mistry, said the agreement was part of the Group’s plan to strengthen its technology offerings in the Pilot Training software segment of the global aviation training market. “In this age of specialisation, business requirements of Flight Training departments are rapidly evolving from high-level generalised systems to niche, detailed processes. Much of this is evolving out of the new methods and approaches such as Evidence-Based Training (EBT). But to complement these new methods, there is a need for technology products to also evolve from the traditional enterprise-based model wherein new requirements are forced to fit into decades-old systems and technologies.
“Peak Pacific is focused on building such technology and supporting entrepreneurs that meet such niche requirements in newer ways. Cavoksoft has a great product that has potential for global growth, and we are delighted to be a part of that growth. This acquisition gives us yet another strong business partner in Europe, and a fantastic new product for Pilot Training support that we can offer to our customers worldwide.”
According to Alain Heddebaut, Founder of Cavoksoft, “Aircrafts and simulators have improved dramatically over the last 30 years. Training programs and regulations have also evolved significantly, especially with the recent introduction of EBT; however, if you consider the way training sessions are created, performed and assessed, very little has changed.
“We designed eTo to address this gap – enabling instructors to efficiently manage the process of designing, deploying, and updating Simulator Training Programs. The partnership with Peak Pacific gives us the resources, technology, and business support to build our Minimum Viable Product into a world-class commercial offering. It will also enable us to offer a strong delivery and support infrastructure to our growing list of customers.”
About CavokSoft
CavokSoft was founded by two former airline captains. The company was created to support the validation of the eTo project after initial development. It provided a legal structure to cooperate with a number of airlines to test the product in real-life operations. This approach has been very effective in improving the software and making sure that it was suitable for a variety of operating environments.
About Peak Pacific Limited
Peak Pacific is a global leader in providing Learning consultancy, products, solutions, and professional services for the Aerospace, Financial Services, Healthcare, Transportation, and Logistics industries, among other compliance verticals. With offices in Hong Kong, India, Singapore, UK, Germany, and partners in Europe and the USA, Peak Pacific is able to reach out to customers worldwide and provide a personal service. Peak Pacific is an ISO 9001: 2008 certified company with over 30 years of management and solution experience in the aviation learning and development space, consistently delivering high quality Learning products and technology solutions for satisfied customers around the world.
Peak Pacific Media Contact:
Email: marketing@peakpacificgroup.com
CavokSoft Contact:
Alain Heddebaut
Founder
Email:alain.heddebaut@cavoksoft.com
“Rewiring your business through Learning, Technology and Mobility”
