of Companies and Technology
Two industry leaders join forces to strengthen their competitive offering
with the best of breed reservation systems
|McLean, VA, and Boston, MA – January 07, 2004 - SynXis, a leading provider
of reservation management and distribution systems for the hospitality
industry, and hubX, a leader in technology solutions for the hospitality
industry, announced a merger today that will create a dominant force in
the reservation technology industry while providing huge benefits for customers
of both companies. The deal officially closed on January 6th and
will be accretive immediately. The new entity will retain the SynXis
name and will continue to serve its customers from multiple locations including:
McLean, VA, Boston, Denver, and The Netherlands.
Headquartered in McLean, VA, SynXis was founded in 1996 to develop applications that utilized the Internet. After identifying a need for hoteliers to simplify management of their multiplying distribution channels, SynXis engineers worked closely with industry experts to develop a low-cost, highly functional, Web-based and scalable hotel central reservation system (CRS). The result was the SynXis Reservation Management System, which was the first true Internet-native CRS and made “channel management” (the ability to manage rates, availability and descriptions separately for each distribution channel) an industry standard. SynXis is now the reservation technology for over 4,600 hotels worldwide.
“HubX is the kind of partner we have been looking for,” said Jim Kelly, President and CEO of SynXis. “We were very impressed with how quickly they became a player in the industry and we are looking forward to combining the best of both technologies and increasing our competitive advantage. Both companies’ customers will benefit from the combined technology and resources that will continue to keep us ahead of the curve.”
“We knew it was important for us to find the right company to partner with,” said Mike Murray, Chief Information Officer and Vice President of Product and Technology for the newly merged companies and former president and CEO of hubX. “The combination of SynXis and hubX presents tremendous opportunities in the way of growth for our newly merged companies and for our customers in the way of the best technology in the industry.”
Located in Boston, MA, hubX started in 1998 as an IT consulting company. After completing a project that involved integrating disparate hotel systems, Murray, also the company’s founder, recognized a unique need and opportunity to expand on the central information “information hub” concept. The ability to quickly create system interfaces became hubX’s core technology offering and is what continues to differentiate them in the central reservation industry. HubX has over 1,000 customers and has a license agreement with Cendant for an additional 6,500 hotels to use its technology.
About SynXis Corporation
SynXis® Corporation's Internet-native ASP solution delivers full electronic distribution and reservations management capabilities to the worldwide hospitality industry. The SynXis Reservation Management System, at the solution's core, empowers hotel operators to consolidate and manage hotel inventory from all sources - seamless GDS connectivity, over 1200 popular Internet travel sites, private-label central reservations systems, and full-service hotel Web sites. It also helps hotels build revenue by enabling them to independently manage each distribution channel from one easy-to-use control center. All of these reservations can connect directly with the PMS. SynXis does not require major upfront investment and hotels can realize substantial cost savings with SynXis' simple transaction-based pricing model. SynXis is the technology source for more than 4,600 hotels, bed and breakfasts, resorts, and destinations, including, Harrah's, VIP International, Interstate Hotels & Resorts, Colonial Williamsburg, and Jumeirah Hotels.
SynXis' corporate headquarters is in McLean, VA, with offices in Denver and Amsterdam. For more information on SynXis and its products, please call 703-448-2530, e-mail email@example.com, or visit our Web site at www.synxis.com.
HubX (www.hubX.net) is a leading hospitality provider of innovative Reservation, Integration, Web, and Marketing Services. From its highly customizable suite of booking engines and web site services to PMS integration and channel management capabilities, hubX is the only vendor with the range of products and depth of services to enable hospitality organizations to position and promote all their products and services on the web and other on-line channels. HubX’s growing client list includes Mandarin Oriental Hotels, Rosewood Hotels and Resorts, Historic Hotels of America, Leading Hotels of the World, InnPoints Worldwide, Cendant Hotel Group, Tarsadia Hotels, Joie de Vivre Hospitality, and distinctive, independent properties such as The Cloister at Sea Island, The Boston Harbor Hotel, and the Hotel DuPont.
Carol C. Levitt
|Also See||SynXis® and IDeaS Announce a New Way to Optimize Revenue Across All Distribution Channels / November 2003|
|Affinia Hotel Group to Increase Revenue Through SynXis' IDS Connectivity / October 2003|
|The Venetian Resort-Hotel-Casino Extends its Partnership with SynXis for an Unprecedented Five Years / September 2003|
|SynXis Strengthens Global Presence with the Addition of More than 900 Hotels in Europe and Asia / September 2003|
|Hotel Bookings On the Rise? Synxis Generates One Billion Dollars in Revenue for Their Hotels in the First Half of 2003 / July 2003|
|The SynXis Web-Native Call Center Solution, Voice Agent®, Gains Popularity Around the World / July 2003|
|New England Innkeepers Association Selects the Synxis Booking Engine / June 2003|
|Industry Veteran Kathy Kettle to Lead the Synxis® Sales Team / May 2003|
|Continued Growth at Synxis® Fuels Personnel Changes / April 2003|
|Destination Hotels & Resorts Hits Record GDS Transactions After Switching to Synxis / February 2003|
|SynXis Names Starwood Veteran as COO and Vice President of Marketing and Sales / January 2003|
|SynXis® Appoints Two Industry Veterans to Board of Directors; John Russell and Larry Hough / November 2002|
|SynXis® Announces System Enhancements at HITEC New Features Allow Hotels to Strengthen Relationships with Travel Agents / June 2002|
|The Aladdin Resort & Casino Selects SynXis Agent® to Increase GDS Functionality and Web Site Bookings / April 2002|
|SynXis Agent® Increases Design Hotels' Reservations 30 Percent / March 2002|
|SynXis Corporation Promotes Three Company Officers in Preparation for Further International and Domestic Growth / March 2002|
|Reservations Grow at McIntosh Inns with Synxis Book-A-Rez and GDS Connectivity / March 2002|
|SynXis Provides Internet - Base Hotel Reservation Management and Distribution to MeriStar Hotels & Resorts / Feb 2001|