Extensity and Sabre to Deliver Leading e-Business Offering for Corporate Travel
Integrated Online Travel System Helps Corporate Customers Leverage Internet to
Optimize Efficiency and Manage Costs
EMERYVILLE, Calif. and FORT WORTH, Texas, June 30 /PRNewswire/ -- Extensity, Inc., a leading e-business applications company, and Sabre (NYSE: TSG) today announced development plans to integrate their end-to-end corporate travel management systems. This is the first integration of Sabre Business Travel Solutions(R) with a 100 percent Java-enabled expense management application to allow users access either online or offline from a laptop, PC or handheld device. This expense application is part of Extensity's e-Business Application Suite. This integration will provide users with a hassle-free way to complete both the administrative and e-commerce components of business travel from the convenience of one Web-based application. Once implemented, this application will help customers of Extensity and Sabre further streamline corporate travel processes and leverage the Internet to realize a greater return on their travel dollars. "Sabre develops integrated solutions with leading e-business applications companies to deliver highly functional solutions for the rapidly changing world of corporate travel," said Nancy Raynor, senior vice president of Sabre and general manager for Sabre Business Travel Solutions(R). "We believe that forging relationships with forward-thinking corporations such as Extensity will help us to continue providing the best solutions for our customers." Sabre Business Travel Solutions(R) is the industry's leading corporate travel management system, giving business travelers a quick and easy way to make their own travel arrangements on their computers while complying with corporate policies. In addition, it enables corporations to track every travel dollar from pre-planning and purchasing to expense reporting and reimbursement -- giving the potential to save as much as 30 percent in total travel management costs. It is in use today by more than 250 customers -- more than any other corporate travel management system. The Extensity e-Business Application Suite includes a Web-based system for automating travel planning, approval and expense reporting, providing users with a timesaving and seamless solution the administrative portion of business travel. The Extensity Express(TM) Guaranteed Implementation Plan guarantees that each Extensity application will be up and running in 90 days. Together, these offerings give users a quick and easy way to plan, purchase and be reimbursed for corporate travel. For corporations, these integrated solutions help further manage costs by enabling companies to more closely track travel expenditures throughout the entire business cycle and by improving the efficiency of travel-related management, administrative and financial processes. "Extensity and Sabre share the same goal of helping customers automate processes and exploit the power of the Internet to improve the way they do business. Our integration with Sabre, a leader in travel and transportation IT solutions, provides customers with a full-service travel management system by adding commerce capabilities to Web-based travel planning and expense reporting," said Bob Spinner, president and CEO of Extensity. In this non-exclusive agreement, Sabre and Extensity will work together to bring this integrated solution to market through complementary sales and marketing efforts. Availability is planned for early 2000. About Extensity Extensity is the leader in Internet applications for the e-business employee. Extensity radically transforms the way companies do business by automating everyday processes to optimize employee productivity and business results. Today Extensity addresses expense reporting, business travel, billable time capture and procurement. Established by Scopus Technology co-founder Sharam Sasson, Extensity is funded by premier venture backers including Hummer Winblad Venture Partners, Kleiner Perkins Caufield & Byers' Java Fund, Weiss, Peck & Greer Venture Partners, and Visa International. Extensity customers include Franklin Resources, Incyte Pharmaceuticals, Nationsbanc Montgomery Securities, RELTEC, the University of California, and the @Home Network. For more information on Extensity, go to www.extensity.com. About Sabre Sabre is a world leader in the electronic distribution of travel and is a leading provider of information technology solutions for the travel and transportation industries, including customized software development and software products, transaction processing, systems integration, consulting and total information technology outsourcing. Extensity is a trademark of Extensity, Inc. Sabre, Sabre Business Travel Solutions and the Sabre logo are registered trademarks of an affiliate of The Sabre Group, Inc., soon to be known as Sabre Inc. Current Sabre news releases may be accessed via the Internet. Visit Sabre's Web site at http://www.sabre.com.
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