TRX to Provide Reservation Processing Services to Despegar.com
Despegar.com to leverage TRX's CORREX reservation processing platform
ATLANTA, TRX, Inc. (Nasdaq: TRXI), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced a new agreement with Despegar.com, the leading online travel agency in Latin America, to provide mid-office technology via CORREX across multiple points of sale.
"We chose TRX as our mid-office partner due to their reputation and global experience," said Martin Rastellino, Chief Operating Officer of Despegar.com. "To ensure the continued delivery of the highest level of service to our customers, we needed a partner with a proven track record of delivering reliable, high quality service, plus be able to meet the specific needs of our market. We believe we've found the right partner in TRX," Rastellino added.
TRX will provide services to Despegar.com's operations in Brazil, Mexico, and Argentina during the initial rollout phases of the contract term. Future plans include expansion into Chile, Colombia, Peru, Uruguay, Venezuela and other markets serviced by Despegar.com.
"We are delighted to announce Despegar.com as a new client for our mid-office processing solution, CORREX. We think of ourselves as the category leader in this space and adding a Latin American travel partner of the quality of Despegar.com, just adds to that leadership position," said Shane Hammond, President and CEO, TRX.
About TRX | TRX (Nasdaq: TRXI) is a global leader in travel technology and data services. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia. Please visit the company's Website at .
About Despegar.com | Despegar.com () is the leading online travel agency in Latin America, with more than 300 million dollars in gross bookings. Founded in 1999, the company currently operates in 10 countries and employs more than 700 employees. Despegar.com provides travelers with the ability to research, plan, and book their travel needs, including flight tickets, hotel reservations, car rentals and vacation packages.
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