Worldspan has been named in Deloitte’s prestigious Georgia Technology Fast 50 program, a 2006 ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the state by Deloitte & Touche USA LLP. The Georgia Technology Fast 50 program is presented by Deloitte, one of the nation’s leading professional services organizations, and sponsored by Kilpatrick Stockton LLP, Nasdaq, Technology Association of Georgia and PR Newswire.
Companies are selected based on percentage of revenue growth from 2001 to 2005, as calculated by Deloitte. Companies must also own proprietary technology or proprietary intellectual property that significantly contributes to operating revenues, or devotes a significant proportion of revenues to research and development. Worldspan produces proprietary technologies that enable its worldwide travel supplier, travel agency, e-commerce and corporate customers to efficiently manage travel transactions and operations via the Worldspan global distribution system (GDS).
“Making Deloitte’s Technology Fast 50 is a testament to a company’s vision that has resulted in exceptional growth over five years. Worldspan’s leadership team has the right stuff for growth, and Deloitte salutes their accomplishments,” said Andrew Harrs, Deloitte’s Southeast regional managing partner for the Technology, Media and Telecommunications Industry Practice.
Sue Powers, Worldspan CIO and senior vice president - Worldwide Product Solutions, attributes the company’s growth to sustained global leadership in Web-based travel e-commerce and repeated innovations in fares and pricing technology. “Worldspan has revolutionized traditional and online travel distribution through innovative proprietary technologies,” said Powers. “Our Worldspan e-Pricing(R) low-fare shopping tool, and fully automated ticket repricing solution, Worldspan Rapid Reprice(R), are among several industry-first solutions that have helped our customers boost distribution and sales opportunities, and lower their operational costs.”
Globally, Worldspan is the largest transaction processor for online travel agencies. Many flights purchased through travel Web sites are shopped, booked and ticketed through Worldspan and its low-fare search, fares and pricing, and e-ticket technologies.
Companies qualifying for the Deloitte Georgia Technology Fast 50 must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, and be headquartered in Georgia. Worldspan’s 2001 revenues of $888.4 million grew to 953.8 in 2005. Winners of 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. More information is available at http://www.fast500.com.