| Laurel, Maryland & Germantown, Tennessee � June 25, 2007 � Travel
Information Management Services, Inc. (TIMS) and AnyRate Software, Inc.
today announced that they have reached an agreement to form a Joint Venture
to provide leading-edge competitive intelligence reporting to the hospitality
industry. This convergence, teams TIMS, the original provider
of competitive rate information to the industry dating back to 1991, and
AnyRate Software, the leading developer and provider of next generation
competitive intelligence software, resulting in an extremely strong enterprise
solely focused on developing and supporting the most accurate competitive
rate tools and services in the industry.
This newly formed Joint Venture will continue to service the current TIMS and AnyRate reports to all current customers. Meanwhile, the knowledge, experience and sales strength of TIMS, partnered with the technological expertise of AnyRate, will lead to various enhancements and new reporting options available to current and prospective hoteliers in the near future. Collectively, this new entity will provide competitive rate data on over 10,000 hotels around the globe. Denise Bynum, President of TIMS, stated that �While it is undoubtedly a great day for AnyRate and TIMS, it is the hospitality industry which will ultimately benefit from our newly combined products and services�, and she noted that �We are proud to join forces with AnyRate to continue to provide the same successful tools and services as we always have, while adding a strong technology partner that will drive quality enhancements and powerful additions to our multiple product offerings in the future.� AnyRate President & CEO John Romeo commented that �We are extremely pleased to be working with an organization such as TIMS, with their broad history and experience in this industry, along with their outstanding sales and support organization�. Romeo further stated that �This Joint Venture will be of benefit to the current customers of both companies, while providing new and alternatively priced products to hoteliers who haven�t previously benefited from a successful competitive rate shopping program.� Key features and benefits of the competitive intelligence offerings of TIMS and AnyRate include access to true seamless GDS data, rate data and availability from over 135 websites around the world, thorough and extensive report options, and AnyRate Flash, a real-time rate search tool, which will be one of the featured products in the Joint Venture. Unlike other tools who claim to deliver �real-time rates�, AnyRate Flash is truly a completely �LIVE� search tool that conducts rate searches upon customer request, ensuring the freshest, most up-to-date pricing intelligence possible. Flash also prevents hoteliers from using stale data that they can be exposed to when they receive �cached� or previously archived data from other �on-demand� report tools. Stay tuned for more information regarding this exciting new Joint Venture Company, which will be released in the upcoming weeks.
AnyRate Software, Inc. develops and supports the hotel industry�s most flexible, accurate, yet affordable competitive rate shopping tools. Any Rate competitive rate shopping reports are regarded by hoteliers as user friendly and very feature rich. Any Rate reports offer access to more websites (over 135) than any other provider and include industry-unique features such as providing the rate descriptions of all rates, ability to totally customize search programs, and extensive Quality Assurance processes. For more information about Any Rate, visit www.any-rate.com, email [email protected], or call 901-309-3100.
Travel Information Management Services, Inc. has been helping successful hoteliers gain competitive rate and pricing intelligence for over 15 years. Their TIMS and iTIMS Report services provide accurate, easy-to-read, rate analysis from all electronic distribution channels, are customizable by segments, and are complimented by a �truly� live rate shopping tool, iTIMS Online. Hotel managers implementing TIMS into their revenue management programs enjoy increasing yields, availability control and their competitive edge within their market. For more information, visit www.TIMSReports.com. |
