Amadeus Acquires e-Travel, Inc.; Boosts Amadeus' North American Offering; Enhances Global Corporate Travel Solutions Range.
Business & Technology Editors
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 Ingersoll Rand (NYSE: IR) is a diversified industrial firm founded in 1871. The Ingersoll Rand name came into use in 1905 through the combination of Ingersoll-Sargeant Drill Company and Rand Drill Company. Company, Oracle Corporation, Philip Morris Companies Inc., and Vivendi Universal, is based near Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation).
Boston is the capital and most populous city of Massachusetts. The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New . 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . e-Travel product development and marketing will continue at its Waltham, Massachusetts One of the early centers of the Industrial Revolution in northern America, Waltham is a city in Middlesex County, Massachusetts, United States. The population was 59,226 at the 2000 census. 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 North American
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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 Cap´i`tal`ize on`
v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. 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 (database) ETM - An active DBMS from the University of Karlsruhe. ) 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."
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3. 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 ORCL Oracle (stock symbol) ).
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 American Airlines
Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the , Amtrak Amtrak, the National Railroad Passenger Corp., authorized to operate virtually all intercity passenger railroad routes in the United States. Amtrak was created by Congress in 1970 in response to more than two decades of continuous operating deficits by privately run , 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 GDS Global Distribution System
GDS Google Desktop Search (Google)
GDS Goodie Domain Service (Vienna University of Technology, Austria)
GDS Guards ) 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 Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. ).
As a global leader in corporate travel management, Amadeus' current customers include Airbus, Bayer, Belgacom, Daimler-Chrysler, Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/) (ISIN: DE0005140008, NYSE: DB) (English: German Bank , Hapag Lloyd, Nordea, Novo Nordisk Wikipedia is not the place for advertisement or self-advertising. Novo Nordisk (, NYSE: NVO) manufactures and markets pharmaceutical products and services. Founded in Denmark in 1923, the company has since become a world leader in diabetes care with the broadest , 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 Sophia Antipolis is a technology park northwest of Antibes and southwest of Nice, France. Much of the park falls within the commune of Valbonne. Created in 1970~84, it houses primarily companies in the fields of computing, electronics, pharmacology and biotechnology. (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.