A new solution based on the Software as a Service (Saas) model is said to soon change the entire online travel industry landscape by accelerating business growth and expanding markets. The brainchild of ExRez Software, a B2B provider of next generation online travel systems, the tool is set to meet the increasing demand... |
A new solution based on the Software as a Service (Saas) model is said to soon change the entire online travel industry landscape by accelerating business growth and expanding markets.
The brainchild of ExRez Software, a B2B provider of next generation online travel systems, the tool is set to meet the increasing demand for robust, online travel systems that can be easily branded and customized for multiple businesses.
"We are changing the way online travel can be offered and consumed and this round of funding will help fuel our innovation and growth even further," said Tina Fitch, President and CEO of EzRez.
EzRez permits any business to easily package and sell air, hotel, rental car, vacation activities, and other travel components to their customers online through their own branded or corporate Web sites.
EzRez claims it is breaking down the barriers of traditional travel sites, such as the OTA's, by allowing companies to launch customized and branded travel sites quickly. By understanding the unique challenges of selling travel online, EzRez enables companies to merchandise travel on a more granular basis than ever before and thereby lowers costs, improves efficiency and increases customer satisfaction.
“Our Web based solution allows any company to customize and create a branded online travel site for their business, event or target audience in less than 24 hours. Our SaaS model, unique technology infrastructure and wide partner network allow us to provide a world class, online travel system that is customizable and scalable in a way no other online travel site has been before," added Fitch.
Founded in 2003, EzRez works with some of the biggest travel brands, such as Starwood Hotels and Jet Blue, to power online travel booking systems that can offer uniquely tailored travel products based on the audience, event or business need.
So impressed by this new technology, Cannna Partners—an global venture capital firm committed to investing in visionary entrepreneurs and providing them the networks, insights and operational guidance required to build high-performance technology and healthcare companies—has dedicated 15 million dollars in this project.
"At Canaan, we look to invest in companies offering innovative, market changing solutions at just the right time and EzRez is a great example of this. The online travel industry continues to expand and EzRez is poised for significant growth with a solution that allows any company to offer world-class, online travel products that fit their unique business requirements,” said Canaan general partner John Balen. |
