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Pegasus Solutions Ranks in Top 50 on 2010 InformationWeek 500


MONARCH BEACH, Calif. (September 15, 2010)  – Pegasus Solutions today announced that it ranked 45 on this year’s InformationWeek 500 – a list of the top technology innovators in the U.S. The annual list was revealed last night at a gala awards ceremony at the exclusive InformationWeek 500 Conference taking place at the St. Regis Monarch Beach Resort, Dana Point, Calif.
 
This year marked Pegasus’ debut on the list, and follows the company being recognized by two other technology media giants. In late 2009, InfoWorld named the company’s next generation central reservation system (CRS), RezView® NG, one of the top 100 technology solutions of the year. RezView NG was again recognized in 2010 by CIO in the CIO 100.
 
“Pegasus has consistently been recognized as the global hospitality technology leader. However, being recognized as one of the top 50 companies on the prestigious InformationWeek 500 further validates our contributions in the technology industry as a whole,” said Mike Kistner, chief executive officer of Pegasus Solutions.
 
Pegasus entered the awards for their recent development of an innovative demand-filled hotel property availability cache for the approximately 90,000 hotels for which it processes transactions. The horizontally distributed in-memory hotel availability cache sits in-between the CRSs used by hotel chains and the online travel agencies (OTAs), which hold as much promise as peril to hoteliers. The Pegasus availability cache helps hotel chains in two ways: reducing the total transaction volume presented to hotel CRSs, and reducing the hotel chains’ need to invest in additional capacity for their reservation systems. The cache also benefits OTAs by giving them faster responses.
 
“For 22 years, the InformationWeek 500 has honored the most innovative users of business technology,” said InformationWeek Editor In Chief Rob Preston. “As we start to emerge from the worst recession in decades, the IT focus is now on driving growth—new sources of revenue, new relationships with customers, even new business models. This year’s ranking placed special emphasis on those companies and business technology executives leading that charge."

InformationWeek identifies and honors the nation's most innovative users of information technology with its annual 500 listing, and also tracks the technology, strategies, investments and administrative practices of America’s best-known companies. Top winners have included:  CME Group, Conway, National Semiconductor, Kimberly-Clark, Hilton Hotels and Unum. The InformationWeek 500 rankings are unique among corporate rankings as it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders. 
 
Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.
 
About Pegasus Solutions Inc. – Proud honoree of the InformationWeek 500, CIO 100 and InfoWorld Top 100
Pegasus Solutions is the world’s leading provider of technology and services to hotels and travel distributors, supplying the award-winning RezView® NG central reservation system, 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 approximately 90,000 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 more than 9,000 member hotels in 146 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.

About InformationWeek Business Technology Network (http://www.informationweek.com/)
The InformationWeek Business Technology Network provides IT executives with unique analysis and tools that parallel their work flow – from defining and framing objectives through to the evaluation and recommendation of solutions. Anchored by InformationWeek, the multimedia powerhouse that looks across the enterprise, the network scales across the most critical technology categories with online properties like DarkReading.com (security), IntelligentEnterprise.com (application architecture), NetworkComputing.com (networking and communications) and PlugintotheCloud.com (cloud computing). The network also provides focused content for key IT audiences, such as CIOs, developers, SMBs and IT Support Managers via InformationWeek Global CIO, Dr. Dobb's, InformationWeek SMB, and HDI respectively, as well as vital vertical industries with InformationWeek Financial Services, Government and Healthcare sites. Content is at the nucleus of our information distribution strategy, and the network provides a deep and rich portfolio of decision-making tools and peer based research through InformationWeek Analytics, the leading service for peer-based IT research and analysis. IT professionals turn to our experts and communities to stay informed, get advice and research technologies to make strategic business decisions.  The InformationWeek Business Technology Network is part of UBM TechWeb.
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Contacts:

Media contact: 
Ariel Herr for Pegasus Solutions
+1(214)890-7912
aherr@fortepr.com 

 Sherbrooke Balser for Information Week
  +1 (949) 223-3605
 sbalser@techweb.com

                                                                                                                                   
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Also See: Utell® Hotels & Resorts Expands Presence on priceline.com; More than 2,500 Hotels In Top Destinations Can Now Market Through priceline.com / September 2010

The Pegasus View July 2010 First Anniversary Edition: Recovery Continues as Leisure Travel ADR Shows Positive Growth For First Time Since Start of Economic Downturn; Pent-up Demand Also Leads to Lower Look-to-Books as Consumers Return to Booking / September 2010

Warwick International Hotels Offers Mobile Booking Solution with Pegasus’ NetBooker® NG / August 2010

Utell® Hotels & Resorts GREATRATE™ Mid-Season Sale Offers up to 60% Off at Destinations Worldwide; 2,000 Member Hotels Offer Discounted Rates through August / August 2010

The Pegasus View June 2010: International GDS Bookings Deliver Highest Average Daily Rate Increase for 2010 at +7.5% over 2009; Hoteliers Harness Strategic Pricing to Bolster Revenues from Bookings Growth / July 2010

Utell® Hotels & Resorts Adds Two Scenic Monterey Peninsula Hotels; Monarch Resort and Magic Carpet Lodge Offer Value and Countless Attractions in Sought-after U.S. Destination and Golf Mecca / July 2010

The Pegasus View May 2010: Bookings Growth Translates to Expected Revenue Increases of +30% Through September, Double-digit growth in booking volumes evidenced for both GDS and ADS / June 2010

Pegasus Solutions Presents HFTP ProLinks Webinar on Distribution; Pre-HITEC Session Explores Ways Hotels are Shopped Online / June 2010

Pegasus Solutions Recognized by CIO Magazine as one of 2010 CIO 100 Award Honorees; Global leader represents only hospitality technology provider on prestigious list / June 2010

The Pegasus View April 2010: Global GDS Revenue Rises 34.3% Over 2009; Booking Volume Increase of 27.4% and Growth in ADR of 5.5% Reconfirm Business Travel Recovery / May 2010

The Pegasus View Special Edition: Pegasus Solutions Issues a Special Report on the Impact of the Icelandic Volcano Eruptions on European Hotel Volumes - Out of the Ashes of Eyjafjallajokull Comes Brief Benefit to Hotels As European Net Revenue Explodes as High as 120% over 2009 / May 2010

The Pegasus View March 2010: Future Bookings through GDS are Up Five of Next Six Months, Confidence in Hotel Demand Turns a Corner; GDS and ADS bookings for Q1 2010 outpace comparable periods for 2009, 2008 and 2007 / May 2010

New York’s St Giles Hotel - The Tuscany and St Giles Hotel - The Court Choose Utell® Hotels & Resorts; Two Former Starwood W Hotels in Manhattan Opt for Pegasus Representation / April 2010

Fastest-growing Select Service Brand, La Quinta Inns & Suites, Extends and Expands Relationship with Pegasus Solutions; Three-year contract renewal includes evolution to RezView® NG and global commission processing services / April 2010

The Pegasus View February 2010: Business Travel Recovery Indicated by Hotel Booking Volumes, Net Revenue and Average Daily Rates; North America business travel booking volumes show strong performance while other regions return increases in length of stay and average daily rates / March 2010

Marriott International Adds Two Brands to Pegasus Solutions’ Global Commission Processing; Marriott ExecuStay and Autograph Collection Hotels and Resorts Included in Contract Expansion / March 2010

Proven MarketVision Hotel Competitive Intelligence Platform from Pegasus Solutions Yields Significant Returns for Hotels; Launched a year ago, properties worldwide realize revenue-driven results / March 2010

Utell® Hotels & Resorts Celebrates 80 Years of Innovation; World’s Leading Hotel Representation Service Marks Unprecedented Anniversary with Distinguished Additions to International Portfolio / March 2010

The Pegasus View January 2010: Leisure Travelers Regain Confidence, Boosting Booking Volumes Beyond 2009, 2008 and 2007 Levels / March 2010

The Pegasus View December 2009: Bookings in Both GDS and ADS Exceed 2008 and 2007 Volume; With +15.35% Increase in GDS and +22.49% Jump in ADS Net Bookings Over 2007, Report Highlights Importance of Raising Rates Lowered to Drive Demand in 2009 / January 2010

Pegasus Solutions Announces Successful Debt Restructuring; Strategic Move Positions Company for Additional Growth / January 2010

Pegasus Solutions Aligns and Expands Management Team for Targeted Growth in 2010; Appointments Reinforce CEO’s Corporate Vision and Dedication to Product Innovation / January 2010

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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