CHICAGO, Oct. 18 /PRNewswire/ -- TRAVELCLICK®, the leading provider of ecommerce solutions for the hotel industry, today announced the appointment of Larry Kutscher as its new Chief Executive Officer (CEO). A proven CEO with 20 years of success building industry-defining businesses, Kutscher is assuming the position, effective immediately, from Robert Post, Chairman and CEO, as part of an ongoing succession plan. Kutscher is also being appointed to the TRAVELCLICK Board of Directors.
Kutscher's specialty is building customer value through innovation, acquisition, and application of advanced technologies. His experience spans multiple industries, from pioneering Internet companies to financial services and travel industry leaders.
"Today more than ever, hotels need to create a compelling online guest experience," said Kutscher. "In this era of online booking, TRAVELCLICK is the premier partner for helping hotels understand how and when their customers want to interact with their brand, and offering the tools for seamless, and genuine, guest connection. As new channels continue to emerge for booking and guest communications, my goal is to enable TRAVELCLICK to be an even more agile and innovative partner for hotels—bringing world-class solutions that help our clients succinctly meet guest needs, and secure their loyalty, in a world of perpetually increasing transparency and choices."
Prior to joining TRAVELCLICK, Kutscher served as CEO of Register.com until its sale in July 2010 to Web.com. Under his leadership, the domain name company was evolved into a small business services organization with a focus on being the "web department" for small businesses. Kutscher has served also as Senior Vice President and General Manager of the Small Business Group at Dun & Bradstreet, where he helped the company expand its digital offerings, including the acquisition and development of Hoovers. His background also includes a role as Managing Director with Goldman Sachs Wealth Management and 12 years at American Express.
"As TRAVELCLICK's new CEO, Larry brings a passion for building businesses that deliver unique and sustainable value. We are confident that with his experience, strong execution skills, and leadership, TRAVELCLICK will continue its growth well into the future," said Mark Hanson, Managing Director of Genstar Capital LLC, the principal investor in TRAVELCLICK. "And as Kutscher takes the helm, much of the credit for TRAVELCLICK's success to date goes to Robert Post, who has served the company as CEO for the last five years. Under Bob's leadership, TRAVELCLICK significantly grew its revenues from $45 million to over $190 million, increased its profitability, and expanded its global hotel client base to over 15,000 customers worldwide. We want to thank Bob for his hard work, dedication, and leadership."
About TRAVELCLICK, Inc.
TRAVELCLICK (www.travelclick.net), the leader in hotel ecommerce solutions, provides a continuous flow of high-value online bookings to hotels worldwide. A uniquely comprehensive one-stop partner, TRAVELCLICK offers business intelligence, distribution, and digital marketing solutions delivered with unmatched hospitality expertise. Serving the hotel industry since 1999, TRAVELCLICK has more than 15,000 customers in 140 countries with offices in Baltimore, Barcelona, Chicago, Dubai, Houston, Melbourne, Shanghai, and Tokyo. Follow us on www.twitter.com/TRAVELCLICK and www.facebook.com/TRAVELCLICK.
About Genstar Capital, LLC
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high-quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar has more than US $3 billion of committed capital under management and targets investments focused on selected sectors within the life science, healthcare services, software and software services, financial services, and industrial technology industries.
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SOURCE TRAVELCLICK, Inc.