Vayant Travel Technologies and 2e Systems GmbH Announce Partnership

FRANKFURT, Germany, June 24, 2011 /PRNewswire/ -- Vayant Travel Technologies, the next-gen airfare shopping and pricing engine innovator, and 2e Systems announced today that they have sealed a strategic partnership agreement and are providing their integrated solution to award-winning airBaltic, the fastest-growing airline in the Baltics and European Union's northeastern region.

The integrated solution utilizes 2e's complete Internet Booking Engine combined with Vayant's proprietary Microproducts – FareList, TaxQuote and IntelliPricer. "We have executed the delivery of our solution relying on our core platform and additional micro-products for airlines, enabling a smooth integration with our partner, 2e Systems. Our goal is to provide a new breed of technology solutions for airlines and offer a comprehensive suite that increases flexibility and performance while driving down overall costs for the carrier," says Eric Dumas, Vayant's COO.

"We are pleased to have found in Vayant a partner that brings an easy to integrate suite of products as well as a powerful and flexible B2B platform," adds Phil Douglas, CEO of 2e Systems.

Janis Vanags, airBaltic's Vice President Corporate Communications, comments, "Low ticket prices helped airBaltic achieve 16% growth last year of passengers travelling to/from the airlines 80 destinations in Europe, Middle East, and Russia/CIS. We are delighted that this partnership helps us to lower our operational costs, while offering a single integrated solution."

About Vayant Travel Technologies LLC

Vayant is an airfare search and shopping engine. Using proprietary technology, Vayant's flagship product OneSearch™ delivers personalized search results and increased itinerary options improving the end user experience, decreasing customer look-to-book ratios, increasing revenues, and cutting costs. Vayant provides its suite of products to travel related companies such as airlines, meta-search engines, online travel agencies, and tour operators.

About 2e Systems GmbH

2e Systems is an online and mobile solutions provider for the travel industry. 2e Systems not only provides customized Internet Booking Engine solutions for leading airlines, but also delivers sophisticated check-in and mobile notification systems. Having started inside the German market some 11 years ago, 2e Systems now serves 12 different airlines in 8 different countries.

About airBaltic

AIR BALTIC CORPORATION (airBaltic) is a joint stock company that was established in 1995.  airBaltic serves 80 destinations from its home base at Riga, Latvia. From every one of these, airBaltic offers convenient connections via North Hub Riga to its network spanning Europe, Scandinavia, Russia, CIS and the Middle East. The primary shareholders are the Latvian state, with 52.6% of stock, and SIA Baltijasaviacijassistemas, with 47.2% of stock. The airBaltic fleet consists of 34 aircraft – six Boeing 737-500, eight Boeing 737-300, two Boeing 757-200, ten Fokker 50 airplanes and eight Bombardier Q400Next Gen. airBaltic carried 3.2 million passengers in 2010. airBaltic offers nonstop flights from three Baltic capital cities – Riga, Vilnius, and Tallinn. airBaltic received the title of Airline of the Year 2009/2010 (Gold Award) from the European Regions Airline Association. airBaltic is the winner of Air Transport World Phoenix Award 2010 – a global recognition of excellence in restructuring business. In summer 2010, airBaltic was chosen for anna.aero ANNIES Award as Europe's largest flag carrier by new routes. airBaltic won a special Pacesetter Award 2010 from the Jury of the Budgies World Low Cost Airline Awards, recognizing achievements of airBaltic as a hybrid airline.

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SOURCE Vayant Travel Technologies LLC