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Pegasus Solutions Aligns and Expands Management Team for
Targeted Growth in 2010


Appointments Reinforce CEO’s Corporate Vision and Dedication to Product Innovation

DALLAS and LONDON (January 20, 2010) – Pegasus Solutions has announced the appointments of Mark Peacock to chief information officer (CIO), Ric Leutwyler to chief operating officer (COO), Steve Lapekas to executive vice president of corporate business development, and Aaron Shepherd to Pegasus Fellow. Additionally, the company has appointed Connie Rheams to senior vice president of strategic sales and Mike Montemurro to vice president of CRS product management.
 
The appointments were made by Mike Kistner, president, chief executive officer (CEO) and chairman of the board of Pegasus Solutions. Kistner added that the appointments reinforce an already influential and experienced team committed to the advancement of Pegasus’ portfolio of distribution, financial services, hotel representation, business intelligence, Web services and reservations products and services.

“My time as CEO of Pegasus, and before that as COO, has been marked by a strong commitment to product innovation in the areas where Pegasus is soundly the global market leader – distribution, financial services, reservations technology and hotel representation. We have also focused on the development, introduction and implementation of next generation solutions like our award-winning central reservation system, RezView® NG; our business intelligence offering; and Web services through Milestone Internet Marketing,” said Kistner. “With our strong operational leadership, solid strategic contributors and well-respected industry veterans who understand the evolving needs of the industry and our customers’ business needs, we ensure the next generation of Pegasus maintains our leadership position – across the board – in solving the business technology needs of hotels and travel distributors.”

Peacock will assume full responsibility for information technology (IT), including areas such as development, enterprise services, quality assurance, architecture, infrastructure and more. He comes to Pegasus with more than 20 years of hands-on experience optimizing company investments in IT, most recently in the IT Effectiveness practice at Archstone Consulting, a consulting firm he helped found in 2003.

Former CIO Aaron Shepherd will assume the role of Pegasus Fellow, with a focus on the strategic evolution of Pegasus’ next generation CRS, RezView NG, while working closely with both Kistner and Lapekas on strategic growth and continued industry innovation. Lapekas, another noted industry IT talent, will assume  a lead role in managing complex and significant business development and product positioning initiatives, such as Pegasus’ recent agreement with HP.

Leutwyler expands his current role as chief marketing officer (CMO) managing all product, sales, customer care and marketing, to also now include, as COO, responsibility for strategic planning and continuous process improvement. He will also continue to serve as president of Pegasus’ leading hotel marketing, sales and representation service, Utell® Hotels & Resorts.

Rheams assumes leadership of the team focused on mid- to large-size sales of RezView NG. She previously served with AltiusPAR as general manager with responsibility for U.S. operations and global sales, account management, marketing and business development. She also was president of TRUST International, Inc., and for 14 years with American Airlines and Sabre in various management positions.

Montemurro will lead the CRS product team, focusing on strategic planning and market positioning of RezView NG. He joins Pegasus from TravelCLICK, where he most recently was responsible for developing and implementing product strategy in the company’s CRS and distribution business.

About Pegasus Solutions Inc
“Pegasus is proud to celebrate 20 years of providing innovative solutions to hotels and agents around the globe.”

Pegasus Solutions is the world’s leading provider of technology and services to hotels and travel distributors, supplying state-of-the-art central reservation systems and electronic distribution services, advanced agency commission processing and payment services, and hotel marketing representation services. Founded in 1989, Pegasus created and launched the hotel switch, and today its customers include more than 95,000 properties around the globe as well as a majority of the world’s travel agencies. Additionally, Pegasus’ powerful representation arm incorporates Utell® Hotels & Resorts and Utell Connect, services that have been chosen by nearly 11,000 member hotels in more than 130 countries, making Pegasus the hotel industry’s largest third-party marketing, sales and reservations specialist. Pegasus also powers the niche consumer web site www.hotelbook.com™, dedicated to promoting independent and boutique hotels throughout the world. Headquartered in Dallas, Pegasus has 18 offices in 11 countries, including regional hubs in London, Singapore and Scottsdale, Arizona. For more information, please visit www.pegs.com or www.utell.com.

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Contacts:

U.S. media contact: 
Ariel Herr
+1(214)890-7912
aherr@fortepr.com 
                                                                                                                                   
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Also See: InfoWorld Names Pegasus Solutions’ RezView® NG Among Top IT Projects of 2009; Next generation CRS represents only hospitality technology solution on revered list / January 2010

The Pegasus View November 2009: ADS and GDS Channels Experience Positive Year-on-Year Net Revenue Growth for First Time this Year; +13.28% Increase in GDS Net Revenue and +2.09% Jump in ADS Net Revenue Beat 2008 Figures, but Numbers Still Fall Short of 2007 Levels / December 2009

The Pegasus View October 2009: Report Shows Bookings and Net Revenue Figures Climbing Back to 2008 Levels; North America’s Corporate Bookings Jump +3.5% in October 2009 vs. October 2008 and Leisure Bookings Offset Dwindling ADR with +21% Increase for the Same Period / November 2009

HP and Technology Service Provider Pegasus Solutions to Collaborate on Travel Technology / November 2009

Warwick International Hotels Renews Contract with Utell® and Selects Pegasus Solutions’ NetBooker® NG Enhanced Internet booking engine will drive online bookings directly to 27 Warwick Hotels and Resorts worldwide / October 2009

The Pegasus View September 2009 Reports GDS Average Daily Rate Reaches High Point; GDS Reservations Up By +7% in September 2009 Compared to September 2007, While Overall Booking Lead Times Across All Channels Remain Short / October 2009

Pegasus Solutions’ August 2009 The Pegasus View Shows Largest 2009 Single Month Increase in Leisure Bookings / September 2009

Pegasus Solutions and VFM Leonardo Form Strategic Partnership; Pegasus Chooses VFM Leonardo's VScape® Digital Asset Management System to Power All Visual Content for ODD and Content Hub / June 2009

Utell® Hotels & Resorts Signs Up Hundreds of New Members in 2009, Around the Globe, 471 Hotels from
65 Countries Have Selected Utell Since the Beginning of the Year / June 2009

Pegasus Solutions Teams with Rubicon to Launch New MarketVision Competitive Intelligence Reporting: Visit HITEC Booth #1054 or twitter.com/pegexec, Hotel Users Switch to MarketVision to Take Advantage of Pre-eminent Market Intelligence / June 2009
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