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Pegasus Solutions Named to InformationWeek 500

DALLAS, SCOTTSDALE and LONDON (September 21, 2011) – Pegasus Solutions today announced that for the second consecutive year, it made the InformationWeek 500, an annual listing of the nation’s most innovative users of business technology. The 2011 list was revealed at a gala awards ceremony at the exclusive InformationWeek 500 Conference at the St. Regis Monarch Beach Resort, Dana Point, Calif.
 
Pegasus was recognized this year for its next generation IT solution, ShoppingNG, which allows hotels to address online shopping challenges through improvements to their existing environment, enhancing shopping transactions and enterprise distribution.
 
“We are thrilled to be named to this prestigious list for the second year in a row,” said Mike Kistner, chief executive officer of Pegasus Solutions. “ShoppingNG has allowed us to handle a more than 40% increase in transaction volume, adding a distinct transactional efficiency and improvements to data caching on our end. It’s an honor to be recognized for our contribution to the industry by the broader technology community.”

On an operational level, ShoppingNG has significantly improved the efficiency of moving hotel shopping and booking transactions through the hotel value chain. Hotels have enjoyed richer data and streaming message response, which in turn has increased conversion rates and generated more revenue.

Hotel customers have also extended the life of legacy central reservation systems (CRS) by reducing the number of transactions the systems needed to process. Hotels are now able to keep up with geometric increases in transaction volume without the need for multi-million dollar reservation system upgrades.

“For 23 years, the InformationWeek 500 has chronicled and honored the most innovative users of business technology,” said InformationWeek Editor In Chief Rob Preston. “In this day and age, however, being innovative isn’t enough. Companies and their IT organizations need to innovate faster than ever before to stay a step or two ahead of their customers, partners, and competitors. This year’s ranking placed special emphasis on those high-octane business technology innovators."

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:  The Vanguard Group, 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
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 6,000 member hotels in more than 130 countries. Pegasus is the hotel industry’s largest and most experienced 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. Pegasus has 21 offices in 12 countries, including Dallas, 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), NetworkComputing.com (networking and communications) and BYTE (consumer technology). The network also provides focused content for key IT targets, such as CIOs, developers, and SMBs via InformationWeek Global CIO, Dr. Dobb's and InformationWeek SMB, as well as vital vertical industries with InformationWeek Financial Services, Government and Healthcare sites. Content is at the nucleus of our information distribution strategy—IT professionals turn to our experts and communities to stay informed, get advice and research technologies to make strategic business decisions.
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Media Contacts:

Mandy Murphy
+44 (0)20 8490 4877
mandy.murphy@pegs.com

Ariel Herr
+1(214)890-7912
aherr@fortepr.com 

                                                                                                                                   
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