|July 10, 2001|
Travelocity.com Purchases Australian Technology WhereTo
|Travelocity.com has acquired all rights to the technology developed in Australia by WhereTo.com.au 's creators - The Technology Partnership.|
Combined with Travelocity's industry-leading low-price search tools, the WhereTo nett fare search engine will allow Travelocity to offer greater breadth of product in the world's most demanding air pricing markets. It will also greatly enhance Travelocity's ability to offer the travel community with the ability to book complicated itineraries with multiple stopovers on-line.
"This is another example of Travelocity forging ahead as the online travel market leader," said Terrell B. Jones, President and Chief Executive Officer of Travelocity.com. "WhereTo have spent more than two years developing these tools, and after an extensive search for technology that would provide this type of service to Travelocity customers, we believe that the WhereTo system is the best complement for our current systems," continued Mr Jones.
"This is a big win for all," said Ben Jackson of The Technology Partnership. "Our team have always wanted to take the most advanced nett fare technology and implement it on the world stage. To be able to do that, and to continue developing further innovative solutions - particularly with a company with the vision and the capability of Travelocity and its partners - is immensely compelling for us. To be selected from some quite high profile international technology competitors is confirmation of the ability of the team and the quality of the technology."
Travel Exchange Asia, the Asia-Pacific travel portal supported by an alliance of regional airlines and powered by Travelocity, will also benefit from the purchase of WhereTo technology.
According to Pascal Bordat, Travel Exchange Asia, Chief Executive Officer, the combination of both Travelocity's and WhereTo's technology will create a superior on-line travel booking product which will be a major selling point when the site is launched later this year.