Cendant Internet Group, a unit of Cendant Corporation (NYSE: CD), today announced that the Company’s subsidiary, WizCom International, Ltd. (“WizCom”) has signed a letter of intent to build an interface to GetThere.com, Inc.‘s (Nasdaq: GTHR) newly created GetThere Marketplaceä to link its hotel company customers directly to buyers in a business-to-business Internet travel marketplace. WizCom will be part of the GetThere Supplier Network, which connects leading air, hotel and car rental suppliers with a direct connection to major corporations which combined spend nearly $10 billion in annual travel.
“We decided to become a part of the GetThere Marketplace in order to provide WizCom’s customers with greater access to the corporate travel sector and increase their distribution reach,” said WizCom President Flo Lugli. “GetThere’s model is perfectly aligned with WizCom as both companies look for innovative ways of reducing distribution costs while increasing value for our customers.”
The GetThere Marketplace is a framework that connects major buyers of corporate travel services such as Chevron, Cisco, Lucent and Nike, with the world’s leading airline, hotel, retail and car rental suppliers. The agreement with WizCom will allow GetThere.com’s corporate travel customers to have access to WizCom’s customers, which include more than 90 hotel chains worldwide. Companies will be able to streamline and reduce their travel costs by tapping into WizCom’s direct connectivity to the hotel’s central reservation system. The GetThere Marketplace also provides value-added services for the corporate traveler, such as wireless access, online ground transportation and restaurant reservations.
“Having WizCom as a partner will provide our corporate customers with a greater variety of travel booking options and high quality customer service,” said GetThere.com CEO and President Gadi Maier.
Cendant Internet Group is aggressively pursuing Internet, broadband and wireless related convergence opportunities for Cendant with the objective of leveraging its businesses in the areas of travel, real estate and direct marketing, as well as its proven core competencies in the areas of franchising, outsourcing, cross-selling and preferred alliance programs. Cendant Internet Group will achieve this goal by incubating or developing new initiatives and/or by working with leading Internet businesses through marketing alliances, strategic investments and M&A activity.
WizCom International, Ltd., a wholly owned subsidiary of Cendant Corporation (NYSE: CD), is a leading global provider of electronic reservations processing and information management systems for the travel industry. WizCom provides its hotel, car rental, and tour / leisure travel customers with innovative, flexible and cost-effective electronic distribution and e-commerce solutions for the Internet, GDS and / or other travel reservation systems. Established in 1987, WizCom has an extensive customer base with more than 90 hotel companies and over 25 car rental firms operating in more than forty countries worldwide.