OpenJaw Technologies acquires Traventec to accelerate growth strategy

Dublin and Galway, Ireland – 4th September 2008 – OpenJaw Technologies, a leader in delivering high performance travel distribution solutions to the global travel industry, today announced that it has acquired Galway based Traventec, a company specialising in the provision of travel technology services.

Under the acquisition agreement, Traventec becomes a fully owned subsidiary of OpenJaw Technologies and will operate under the OpenJaw brand. The acquisition will enhance OpenJaw Technologies’ solution portfolio and service offerings to global travel companies in the development of their ecommerce strategies, creating agile and dynamic solutions to address their business challenges. Financial details of the acquisition have not been disclosed.

Commenting on the announcement, John McQuillan, CEO of OpenJaw Technologies said: “We have enjoyed a long standing business relationship with Traventec, successfully partnering with them on several significant projects. This acquisition accelerates our growth strategy and brings together two of the most innovative leaders in travel distribution technology, creating an enviable pool of travel technology expertise. We believe that our combined customers, who make up some of the world’s leading travel companies, will gain significant business benefits through the combination of our extended solutions, innovative service offerings and domain expertise that this acquisition will bring.”

Greg Cawley, Managing Director of Traventec added: “Traventec has firmly established itself as a leading services and consultancy company to the travel technology sector, helping global travel companies to innovate and develop their ecommerce strategies. Together, OpenJaw Technologies and Traventec, operating under the OpenJaw brand, will deliver extended travel technology solutions and added expertise to support our growing customer base. The Traventec team and I are delighted to join OpenJaw Technologies, which opens up our expertise to a larger set of business opportunities. This combined team will bring enhanced solutions, expertise and service offerings to our customers.”

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NOTES TO EDITORS:

About OpenJaw Technologies

OpenJaw Technologies is a leader in delivering high performance travel distribution solutions to the global travel industry. Our solutions enable the world’s leading travel companies to market, distribute and sell their online travel offerings in a differentiated way.

OpenJaw’s solution portfolio includes the xDistributor Integration Platform and Business Rules Engine that enables travel supplier integration, distribution channel management and dynamic packaging; xRez: a highly customisable Internet Booking Engine; xRezAgent: a sales and servicing platform for call centre agents; xFares: an airline web fares engine; xHotel: a content, mapping and inventory management system for accommodation and xEvent: a content and inventory management system for event tickets and destination attractions.

OpenJaw is a member and active participant of the Open Travelâ„¢ Alliance.

OpenJaw Technologies is headquartered in Dublin, Ireland, with regional offices in Galway and in Madrid, Spain.

For more information about OpenJaw Technologies, visit our website at www.openjawtech.com

About Traventec

Traventec’s team of travel technology experts, offer a wide range of bespoke services and consultancy to some of the world’s leading travel companies. Traventec has a proven track record of delivering innovative, distinctive and high quality, custom built software solutions to global travel companies.
Traventec is based in Galway, Ireland.

For more information, contact:
Yvonne Waldron
Director of Marketing
OpenJaw Technologies Ltd.,
Station Mews, Lindsay Grove,
Glasnevin, Dublin 9
Ireland
Tel: +353 (0)1 882 5444
Email: [email protected]