Volaris Aquires RAF adding extra benefits to Customers
Volaris Group announced the acquisition of RAF Technology, a global leader in pattern recognition technology. Now RAF has the agility of a smaller software company but the support and resources of a large enterprise.
Announcement
On September 5, 2023, Volaris Group announced the acquisition of RAF Technology, a global leader in pattern recognition technology. RAF offers data capture and verification software products that enable postal, courier, and logistics companies to read, identify and track shipping items. RAF will continue to operate independently but will have the support of a large enterprise and 100's of other small software companies.
“Enabling the efficient and accurate operation of post and parcel services is a key function of our modern economy and RAF’s technology offers their customers a mission-critical component for their operations,” said Alice Luo, Chief Strategy Officer at Volaris Group. “Joining Volaris Group provides the opportunity to continue to grow the business and offer the highest level of service to customers.”
Over our 25 year history, RAF has built a multi-layered and module-oriented set of AI-driven software components, hardware interfaces, and databases that enable advanced optical character recognition (OCR). RAF's software detects and extracts machine print and handwritten data from mail, parcels, and other materials. RAF services both US and global customers that rely on this expertise to deliver mail sorting, parcel logistics, warehouse inventory tracking, and signature verification.
About Volaris Group: Volaris aquires, strengthens, and grows vertical market technology companies. As an Operating Group of Constellation Software, Inc, Volaris is all about strengthening businesses within the markets they compete, enabling them to grow., and supporting their growth. Learn more at www.volarisgroup.com.
“Joining Volaris positions RAF well for our next chapter. The Volaris investment approach provides our customers and team with stability. We are excited to access Volaris best practices and global community of software leaders as we work to grow."
Side-by-Side Economic Comparison
Volaris Group announced the acquisition of RAF Technology, a global leader in pattern recognition technology. Now RAF has the agility of a smaller software company but the support and resources of a large enterprise.
The Results
More Automation Means Less Human Error and Higher Read Rates
Though processing took longer with our technology, we automated a larger chunk of our daily volume to reduce pressure on personnel while increasing read rates.
Increased Daily Revenue and Gross Profit
The value per piece was the same across the board. But with the higher amount of mail pieces automated generates a higher gross profit.
Centralized Solutions Lead to New Revenue Sources
Using a central control, CEN-compliant software system ensures the customers can modify processes and services their own discretion.
Experience the RAF Difference
Join the ever-growing list of partners and companies depending on RAF for their crucial postal OCR solutions, pattern recognition, and unique signature verification needs. Ensure recipients get the materials they need with RAF Technology. Because performance matters.
