e-Travel, Inc Experiences Rapid Growth During Third Quarter

31st Oct 2000

WALTHAM, Mass. /. Oct. 31, 2000—e-Travel, Inc., host of the e-Travel®Marketplace, a comprehensive and integrated e-business solution for Enterprise Travel Management (ETM), announced today its customer wins for the third quarter. New customers announced include: Ameritrade Holding Company, J. Walter Thompson/The Ogilvy Group, Keane Inc., Browning-Winchester, Inc., Square D Company, Ashland, Inc. and Compuware Corporation, increasing e-Travel’s accounts by more than 42 percent.

The substantial growth during the third quarter emphasizes the growing trend of companies turning to Enterprise Travel Management solutions that enable corporations to optimize travel management control and acquire travel services at the lowest total cost. The addition of these new accounts increases the total air volume handled by the e-Travel solution by $150 million. To meet growing demand for its services, e-Travel grew its headcount by 40 percent which resulted in the physical expansion of its headquarter facilities in Waltham, MA. During the quarter, e-Travel also announced direct link partnerships with American Airlines and National Car Rental.

“Keane needed a comprehensive, fully-integrated travel solution to help us better manage our corporate travel. e-Travel will provide us with the technology to take control of our travel program,’’ said Marianne Goodman, manager, Global Travel Services for Keane, Inc. ``The e-Travel Marketplace will provide our traveling employees the flexibility of choosing among approved suppliers while adhering to our company’s travel policies.’’

e-Travel streamlines the business travel reservation process, providing greater flexibility and increasing access to information. Using e-Travel, business travelers can make real-time airline, car, rail and hotel reservations—within the parameters of corporate travel policy—giving them the freedom to control their own arrangements while ensuring company guideline compliance. The e-Travel Marketplace is an open Internet-based business-to-business marketplace offering a comprehensive suite of corporate travel management services, including travel procurement, expense reporting, meeting and event management, and business intelligence. Powered by eTLink(TM) technology, the e-Travel Marketplace provides significant cost savings opportunities for travel suppliers and corporations alike, and expands the level of services available to traveling employees.

“During the third quarter, e-Travel clearly demonstrated its industry leadership ‘’ said Scott Gutz, CFO and acting CEO, e-Travel, Inc. ``Our customer acquisition rate is very healthy, and we continue to sign partnership agreements with industry leaders that share our vision for Internet-based travel management.’’




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