Optims Opens Two European Subsidiaries In Spain And Italy

Prologest, the Spanish distributor of Optims IT solutions since 1996, has been purchased outright by Optims. Philippe Vignau who heads a team of 11 employees

(8 in Spain and 3 in Portugal) is now director of Optims Espana. This subsidiary has more than one hundred existing clients throughout Spain, Portugal, the Dominican Republic, Mexico and Greece and, since January this year, has also been distributing Optims solutions in Brazil and Argentina. The company is expected to turn over 0,9 million euros in 2001.

Optims has also teamed up with GeoTime, the Italian specialists in technology consulting for Hospitality, to create Optims Italia. Jose Serqueira, manager of GeoTime is now managing the Italian subsidiary. Optims Italia will initially focus on distributing Optims Revenue Management and Central Reservation Solutions (RMS and CRS). The subsidiary expects to achieve a turnover of 0,4 million euros in 2001.

"Optims announced its will to develop in Europe, especially in the increasing busy European markets, explains Antoine Medawar, CEO of Optims. We are delighted to announce these openings. Prologest has been successfully distributing our softwares for over 5 years and the experience of GeoTime brings us a great knowledge of the Italian market. These subsidiaries have proven experience and efficiency within their own markets. No doubt that they will help to increase Optims reputation as the major IT solutions provider for hotels in South of Europe".

ABOUT OPTIMS

Optims develops and implements Information Technology solutions dedicated to optimising management methods and revenues. For the past decade, Optims has been serving the Hospitality, Tourism, Catering, Transport and Travel industries with three complementary technologies. They include Property Management Systems (PMS) ; Yield Management Solutions known as Revenue Management Systems ; and a Central Reservation System (CRS). Optims is now the leading European developer of IT solutions for the Hospitality market. The Company has over 3,500 customers in more than 55 countries, with its revenue management solutions enjoying an installed base of over 200 customer sites worldwide. Among Optims' prestigious clientele are Accor, Thistle, Boscolo, Fram, Nouvelles Frontieres, Radisson and Savoy Group. Optims issued its Initial Public Offering (IPO) on the Nouveau Marché in the Paris Stock Exchange in June 2000 (SICOVAM code: 7652).