Press Releases
Pegasus Expands Distribution Channels through New Agreement with StarCite
Pegasus to Provide StarCite with UltraDirect® Distribution Technology |
DALLAS and PHILADELPHIA
(September 11, 2007)
–
Pegasus Solutions, Inc. today announced it has
signed an agreement to provide its UltraDirect
distribution technology to
StarCite Inc., the largest on-demand global meetings
management company.
With this agreement, Pegasus will provide StarCite
with electronic connectivity to hotel reservation
systems, directly linking the company to Pegasus’
portfolio of more than 78,000 hotel properties.
Through the use of this single interface, StarCite
can take advantage of real-time access to
information on rates, availability and reservations
from hotels worldwide. This agreement is an
important step for Pegasus in breaking through to
non-traditional Alternative Distribution System
(ADS) distribution channels, according to Mike
Kistner, Pegasus chief operating officer and
president, reservation and distribution services.
“This agreement with StarCite is extremely
significant for Pegasus,” said Kistner. “Expanding
into the meetings space is a key component of our
overall strategy to open up new distribution
channels. The meetings market continues to grow and
represents a great opportunity for both hotels and
travel distributors as an emerging frontier for
online bookings. By aligning with the industry
leader, we will provide our hotel customers the
opportunity to work with the best in breed in the
meetings space using connectivity they already
utilize today.”
UltraDirect will give StarCite instant access to
Central Reservation System (CRS) information. In
addition it will provide an automated solution
allowing StarCite and its customers to book online
and in real-time for hundreds of thousands small
meetings. According to Michael Boult, StarCite
president and chief executive officer, the
complexities associated with group business have
caused the meetings industry to struggle to provide
buyers and suppliers with frictionless booking
capability and the automation provided by Pegasus
will alleviate this strain.
“StarCite has a proven track record of innovation in
the meetings industry and we have an ongoing
customer commitment to provide new and powerful
solutions that create greater visibility, savings
and control,” said Boult. “After careful
consideration and due process, we were delighted to
select Pegasus and its UltraDirect technology as a
way to drive significant new value for our corporate
clients and supply side partners. Our new
relationship with Pegasus will enable StarCite to
provide new transactional capability to our clients
and the industry that complement our
well-established and highly successful RFP process.”
About StarCite, Inc.
StarCite®, Inc. is the leading provider of On Demand
Global Meeting Solutions™. StarCite optimizes global
investments in corporate meetings and events,
delivering visibility, savings and control. StarCite
provides process efficiency, enabling technology and
proven adoption management support to drive
significant cost reduction to buyers and enhanced
revenues to suppliers. StarCite is based in
Philadelphia. StarCite’s equity holders include
Internet Capital Group (NASDAQ: ICGE), TPG Growth,
Norwest Venture Partners (NVP), and TL Ventures. For
more information about StarCite or its technologies
and services, please visit www.starcite.com.
About Pegasus
Dallas-based Pegasus Solutions, Inc. is a global
leader in providing technology and services to
hotels and travel distributors. Founded in 1989,
Pegasus’ customers include a majority of the world’s
travel agencies and more than 78,000 hotel
properties around the globe. Pegasus’ services
include central reservation systems, electronic
distribution services, commission processing and
payment services, and marketing representation
services, including the consumer Web site,
www.hotelbook.com. The company’s representation
services, including Utell® Hotels & Resorts and
Unirez by Pegasus™, are used by more than 9,300
member hotels in more than 130 countries, making
Pegasus the hotel industry’s largest third-party
marketing and reservations provider. Pegasus has 16
offices in 11 countries, including regional hubs in
London, Singapore and Scottsdale, Arizona. For more
information, please visit www.pegs.com. |
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