PACE - About the company
PACE is an acquired company based in Berlin (Germany), founded in 1995 by Oliver Kranz, Michael Kokorniak and Alexander Schneegans. It operates as a Develops products for the aviation and aerospace industries.. The company has 145 active competitors, including 7 funded and 12 that have exited. Its top competitors include companies like Amadeus, IBS Software Services and Comply365.
Company Details
PACE develops software solutions for aircraft and engine manufacturers, civil and military operators, maintenance services and leasing companies. Offers customization and integration services and assists with content development such as setting up data models.
Key Metrics
Founded Year
1995
Location
Berlin, Germany
Stage
Acquired
Investors
Ranked
28th among 145 active competitors
Employee Count
125 as on May 31, 2026
Exit Details
Acquired by TXT E-solutions (Feb 29, 2016)
Legal entities associated with PACE
PACE is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PACE Aerospace Engineering and Information Technology GmbH CIN: HRB56777 , Germany, Active | Dec 31, 1994 | - | 85 (As on Dec 31, 2020) |
PACE's acquisition details
PACE got acquired by TXT E-solutions on Feb 29, 2016 at an acquisition amount of $*****.
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PACE's funding and investors
PACE is a funded company. PACE has 2 institutional investors.
View details of PACE's funding rounds and investors
PACE's founders and board of directors
Founder? Claim ProfileHere are the details of PACE's key team members:
- Oliver Kranz: Founder & Managing Partner of PACE.
- Michael Kokorniak: Founder and Managing Director of PACE.
- Alexander Schneegans: Co-Founder & Managing Partner of PACE.
View details of PACE's Founder profiles and Board Members
PACE's employee count trend
PACE has 125 employees as of May 26. Here is PACE's employee count trend over the years:
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PACE's Competitors and alternates
Top competitors of PACE include Amadeus, IBS Software Services and Comply365. Here is the list of Top 10 competitors of PACE, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | SaaS-based operations management solution for the hospitality and aviation industry | - | 81/100 | ||
2nd | IBS Software Services 1997, Thiruvananthapuram (India), Late Stage | Provider of software solutions for airline, hospitality, and logistics sectors | $60M | 77/100 | |
3rd | Comply365 2007, Beloit (United States), Acquired | Provider of operational content, safety, and training management software solutions | $12M | 65/100 | |
4th | Portside 2017, San Francisco (United States), Series B | Cloud-based aircraft management systems | $70M | 59/100 | |
5th | Provider of AI-driven travel and aviation technology solutions | - | - | 57/100 | |
6th | Veryon 1973, San Francisco (United States), Funding Raised | Provides aviation management software | - | 53/100 | |
7th | SITA 1949, Le Grand Saconnex (Switzerland), Funding Raised | Cloud-based end-to-end management solutions for the aviation industry | - | 50/100 | |
8th | Rockwell Collins 1994, Cedar Rapids (United States), Acquired | Provider of products and services for commercial and defense aerospace sectors | - | 49/100 | |
9th | Moonware 2020, Los Angeles (United States), Seed | Automated ground operation systems for the aviation industry | $9.5M | 48/100 | |
10th | Lufthansa Systems 2010, Raunheim (Germany), Funding Raised | Provider of IT solutions for airlines, aviation, and flight operations | - | 42/100 | |
28th | Develops products for the aviation and aerospace industries. | - | 35/100 |
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PACE's Investments and acquisitions
PACE has made no investments or acquisitions yet.
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