SKO
03/09/2014 08:30
GENERAL
REL: 0830 HRS Serko Limited
GENERAL: SKO: Serko Secures US Reseller Contract for Serko Mobile
Market Release
3 September 2014
Serko Secures US Reseller Contract for Serko Mobile
Serko Limited (NZX:SKO), a market leader in online travel booking and expense
management for business, announced today that it has signed a 3 year contract
with US online travel booking and travel technology company, nuTravel
Technology Solutions, to exclusively resell its new Mobile App 'Serko Mobile'
in the North American market. Serko expects to begin recognizing revenue from
the contract in the next financial year, FY16. The contract will not
materially impact Serko's current year financial guidance.
The contract gives nuTravel the right to resell a private label version of
the app under the nuTravel brand to its US, Canadian and Mexican customer
base of more than 2 million registered travelers.
Serko Mobile is an IOS and Android application designed specifically for
business travelers that have booked trips through Online Booking Tools, such
as Serko Online and nuTravel Enterprise. In addition to providing rich
itinerary information and travel alerts, Serko Mobile uniquely allows
business travelers to make changes to their existing flight bookings in real
time, which is of significant value to business travelers who need high
levels of flexibility.
Darrin Grafton, Serko CEO said: "We have worked closely with nuTravel for a
number of years now and by licensing technology in this way we can both
accelerate our product innovation cycles. It extends our products into North
America and expands our global reach."
Carmine Carpanzano, nuTravel CEO said: "Access to relevant content and
transactional capabilities on mobile devices is key to our customer base.
Serko has made a significant investment in mobile technology, which allows
nuTravel's customers to take advantage of the best technology that's
available around the globe. I'm convinced our customers and prospects will
welcome and embrace it."
nuTravel will begin integrating Serko Mobile immediately and expect to make
it available to nuTravel customers early in 2015.
ENDS
For investor relations queries please contact:
Tim Bluett, Chief Financial Officer, Serko
+64 9 309 4754
[email protected]
For media queries please contact:
Natasha Gillooly, Porter Novelli for Serko,
+ 64 21 915 297
[email protected]
About Serko
Serko is Australasia's leading online travel booking and expense management
company for businesses and is listed on the New Zealand Stock Exchange Main
Board (NZX:SKO). With its HQ in Auckland New Zealand, and with offices in
Sydney Australia, Xi'an City China and Gurgaon, India, Serko employs more
than 100 people worldwide.
Serko Online is an integrated Online Booking Tool (OBT) used by
administrators and travellers to book flights, accommodation and car hire
from the broadest possible set of travel providers. The OBT ensures that
travel bookings comply with corporate travel management policy without
limiting the users choice of travel provider.
Visit www.serko.com for more information
End CA:00254775 For:SKO Type:GENERAL Time:2014-09-03 08:30:09
