Amadeus Acquires e-Travel, Inc.; Boosts Amadeus' North American Offering; Enhances Global Corporate Travel Solutions Range.
MADRID, Spain & WALTHAM, Mass.--(BUSINESS WIRE)--July 30, 2001
Amadeus, one of the leading global distribution systems and travel technology providers, today announced the acquisition of e-Travel, Inc., a leading U.S. supplier of hosted corporate travel technology solutions.
e-Travel, whose roster of blue chip customers includes Ingersoll Rand Company, Oracle Corporation, Philip Morris Companies Inc., and Vivendi Universal, is based near Boston, Massachusetts. Customers of e-Travel's corporate self-booking services enjoy the industry's highest utilization rates - as high as 98 percent -- enabling these corporations to rapidly realize significant travel management cost savings.
Under the agreement, e-Travel becomes a wholly-owned subsidiary of Amadeus Global Travel Distribution SA, and Scott Gutz retains his role as e-Travel's CEO. e-Travel product development and marketing will continue at its Waltham, Massachusetts headquarters, coordinating with Amadeus' development team in Nice, France, and marketing team in Madrid, Spain.
Creating a truly comprehensive portfolio
"This acquisition leaves Amadeus with a larger global footprint than any competing corporate travel management provider," said David V. Jones, Executive Vice President, Commercial, at Amadeus. "It allows us to offer e-Travel products in addition to Amadeus Corporate Traveller and our travel management applications for Lotus and SAP corporate users. This new range of solutions is the only one in the industry directed at specific, individual corporate requirements, rather than attempting to make one size fit for all. Additionally, it will benefit from Amadeus support and service capabilities in almost 200 markets."
Gaining North American market share and expanding the global offer
With the acquisition of e-Travel, Amadeus gains a proven multi-GDS corporate travel solution with a significant share in the key North American market. e-Travel, in turn, expands its global presence and capabilities through its relationship with a parent company that is an established leader in travel technology and distribution that also has strong relationships with travel agency partners.
"With Amadeus behind us, e-Travel will continue to prosper and we will be able to more quickly expand our reach while leveraging significant technology and expertise," said Gutz.
Amadeus plans to capitalize on the fact that e-Travel's services work with any of the global distribution systems (GDSs). It will be actively partnering with key travel agency chains in the U.S. to re-sell e-Travel's Enterprise Travel Management (ETM) online suite of services to corporations. This will represent a new source of revenue for Amadeus and expanded distribution channels for e-Travel.
"e-Travel has a solid business model, a well-established brand and high adoption rates by users in corporations that will produce considerable synergies with our existing offerings and corporate strategy," said Jones. "e-Travel will thrive as part of Amadeus and contribute toward our overall corporate objectives."
According to Jupiter Media Metrix, Inc. the market for online corporate travel solutions has been booming in the U.S., with current estimates that $6.1 billion of air, car and hotel bookings, representing 8 percent of all managed bookings, will be executed through an online corporate booking solution in 2001. Jupiter also estimates that corporate cost savings will drive more than $30.6 billion in corporate managed online bookings in 2006.
Amadeus acquired 100% of e-Travel Inc. from Oracle Corporation (Nasdaq: ORCL).
About e-Travel, Inc.
e-Travel, Inc. provides hosted technology services for Enterprise Travel Management (ETM). e-Travel's online suite for ETM supports comprehensive Internet-based travel management and includes the eTLink(SM) technology, an exclusive direct links capability between travel buyers and travel suppliers. e-Travel partners include American Airlines, Amtrak, Continental Airlines, Delta Air Lines, The Hertz Corporation, National Car Rental, SatoTravel, StarCite and Pegasus Solutions, which represents more than 150 hotel chains worldwide. e-Travel's ETM suite is used by major global corporations, including Ingersoll-Rand Company, Oracle Corporation, Philip Morris Companies Inc., and Vivendi Universal. e-Travel is on the Web at www.e-travel.com.
About Amadeus Global Travel Distribution
Amadeus is a leading global distribution system (GDS) and technology provider serving the marketing, sales and distribution needs of the world's travel and tourism industries. Its comprehensive data network and database, amongst the largest of their kind in Europe, serve over 54,000 travel agency locations and more than 8,400 airline sales offices in 199 markets.
Through the Amadeus System, travel agencies and airline offices are able to make bookings with some 500 airlines, representing more than 95 percent of the world's scheduled airline seats. The system also provides access to more than 54,000 hotels, 47 car rental companies serving some 24,000 locations, as well as serving newer provider groups, including ferry, rail, cruise, insurance and tour operators.
Amadeus is a significant provider of information technology and an enabler of e-commerce for the travel industry. Amadeus also delivers the powerful booking engine behind the web pages of 3,400 travel agencies, 11 hotel sites and 80 Web sites serving 36 airlines. Additionally, it provides similar e-commerce solutions for partners including Gruppo L'Espresso (Italy) and Terra Lycos (Spain, Portugal and Latin America).
As a global leader in corporate travel management, Amadeus' current customers include Airbus, Bayer, Belgacom, Daimler-Chrysler, Deutsche Bank, Hapag Lloyd, Nordea, Novo Nordisk, Statoil, Unibank, and the Governments of Denmark and Norway.
Founded in 1987, and fully operational from 1992, Amadeus is headquartered in Madrid, Spain. Its data centre is in Erding (near Munich), Germany and its development offices are located in Sophia Antipolis (near Nice), France. The company has over 3,400 employees worldwide.
More information about Amadeus is available at www.amadeus.com.
For further information please contact:
Copyright 2001, e-Travel, Inc. All rights reserved. e-Travel is a registered trademark of e-Travel, Inc. eTLink is a trademark of e-Travel, Inc. All other trademarks belong to their respective owners.
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|Date:||Jul 30, 2001|
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