Datalex Acquires Remaining Stake in Yatra.Business Editors ATLANTA & DUBLIN, Ireland--(BUSINESS WIRE)--March 11, 2002 Datalex (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DLEX)(ISE Ise (ē`sā), city (1990 pop. 104,164), Mie prefecture, S Honshu, Japan, on Ise Bay. It is one of the foremost religious centers of Shinto, the site of the shrines of Ise. : DLE (character) DLE - Data Link Escape, the mnemonic for ASCII 16. ), a leading provider of technology solutions for the global travel industry, today announced that the company has acquired 100% ownership of US-based Yatra Yatra is Deepti Bhatnagar's religious travel guide television show, which focuses on a spiritual journey around the Indian temples over STAR Plus. Yatra is also the name of Nana patekar & rekha starer with beautiful lyrics by Ahmed Wasi References Datalex initially took a fifty percent holding in Yatra in November 2000. Effective immediately, the agreement will result in a closer integration of Yatra's capabilities and expertise with Datalex's global operations. The Yatra corporate solution is built on Datalex's BookIt! MATRIX(TM), the core Datalex technology component that provides the integration infrastructure to Datalex's suite of travel solutions. The new merged entity will allow Datalex to take best advantage of the self-booking and corporate travel management marketplace with its unique offering designed to optimize travel procurement. Yatra's patented technology, known as Cognizer(TM), is a rules-based reasoning engine that can mesh more than 50 factors at the time of booking, producing itineraries that vary depending on the type of traveller and the purpose of the trip. Cognizer can also weigh itineraries based on a comparison of traveller profiles and corporate policies. "Today's announcement provides Datalex additional resources and expertise to continue building and enhancing our flexible, open infrastructure supplied to customers through BookIt! MATRIX," said Neil Beck, Datalex 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. . "The expertise and experience of the Yatra team is an important addition to the Datalex family as we deliver on our commitment to develop new channels and provide added value to existing clients." ABOUT DATALEX Datalex is a leading provider of technology solutions for the global travel industry. Founded in 1985, the company is headquartered in Dublin, Ireland, and maintains offices throughout the world: Europe (Amsterdam, Frankfurt, Paris, Manchester); USA (Atlanta, Petaluma); and Asia-Pacific (Melbourne, Singapore). Datalex's customers include Aer Lingus, Air Canada, Amadeus, American Airlines, American Express, AMTRAK, California State Automobile Association The California State Automobile Association is a motor club dedicated to improving roads, proposing traffic laws and improvement of overall driving conditions. It was founded in 1907 as an offshoot of the Automobile Club of Southern California (ACSC) to serve members in Northern , Delta Air Lines, FAR&WIDE, Galileo, KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) , Lufthansa, Norwegian Cruise Lines, Singapore Airlines, SilkAir, SNCF SNCF Société Nationale des Chemins de fer Français (French National Railways) SNCF Sans Nous les Cafés Ferment (French) , Thomas Cook, Trailfinders, Travelcare and Unisys. Datalex also is a strategic partner with FAR&WIDE and Worldspan. Datalex is a publicly held company traded on both the Irish Stock Exchange The Irish Stock Exchange (ISE) (Irish: Stocmhalartán na hÉireann) is Ireland's stock exchange, formed through the merger of the Cork and Dublin exchanges, both of which have existed as far back as 1793. (symbol: DLE) and Nasdaq (symbol: DLEX). For more information, please visit the company's Web site at www.datalex.com. This press release contains certain forward-looking statements. Actual results may differ materially from those projected or implied in such forward-looking statements. Such forward-looking information involves risks and uncertainties that could significantly affect expected results. These risks and uncertainties are discussed in the Company's SEC filings, including, but not limited to, the Company's Form 6-K containing this press release and certain sections of the Company's Annual Report on Form 20-F. |
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