Travelport strengthens eNett's Board of Directors
LANGLEY, U.K., May 3, 2016 /PRNewswire/ -- Travelport (NYSE:TVPT), a leading Travel Commerce Platform providing distribution, technology, payment and other solutions for the global travel industry, today announces changes to the Board of Directors of eNett International ("eNett"), its global B2B payments business in which it is the majority shareholder.
The changes are designed to strengthen the eNett business, a rapidly growing element of Travelport's Travel Commerce Platform, and a key component of its Beyond Air capabilities.
Gordon Wilson, President and CEO for Travelport, takes over as Chairman of eNett. Wilson is joined on the board by Elizabeth Buse, an accomplished leader in the global payments industry. Buse has held a number of senior executive roles in high profile payments businesses, including Visa, Inc., as well as mobile payments company, Monitise plc, where she was CEO. Buse is also a Director of Travelport. Also joining the board are Travelport executives, Bernard Bot and Thomas Murphy, who are Travelport's Chief Financial Officer and General Counsel respectively.
Anthony Hynes, the CEO of eNett, and Rob Bishop, a Non-Executive Director representing Optal, eNett's minority shareholder, make up the full eNett board membership. As well as additional expertise in credit cards and payments, Bishop brings extensive financial services experience to the board having held senior executive roles with NAB, Westpac and Citibank.
Gordon Wilson, President and CEO of Travelport, commented:
"eNett plays a key part in Travelport's growth strategy and I am excited about leading its board as it embarks upon its next phase of growth. This business has not only expanded well to date, but also has a great future ahead of it. Adding further depth and breadth of management experience in the payments, travel and distribution industries to its board of directors will support Anthony Hynes and his team in being able to fully realise the potential of the business."
Since its inception in 2009, eNett has sustained impressive year-on-year growth and today employs more than 120 people worldwide. Today, eNett can support customers in over 70 countries and continues to focus on recruiting new talent in all of its major hubs in Australia, the UK and Singapore to further strengthen its operations.
Notes to Editors:
About Travelport (www.travelport.com)
Travelport is a Travel Commerce Platform providing distribution, technology, payment, mobile and other solutions for the global travel and tourism industry. With a presence in approximately 180 countries, over 3,700 employees, and an additional 1,200 employees at IGT Solutions Private Ltd who provide us with application development services, our 2015 net revenue was over $2.2 billion. Travelport is comprised of:
- A Travel Commerce Platform through which it facilitates travel commerce by connecting the world's leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace. Travelport has a leadership position in airline merchandising, hotel content and rate distribution, mobile travel commerce and a pioneering B2B payment solution that addresses the needs of travel intermediaries to efficiently and securely settle travel transactions.
- Technology Services through which it provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions, enabling them to focus on their core business competencies and reduce costs.
Travelport is headquartered in Langley, U.K. The Company is listed on the New York Stock Exchange and trades under the symbol "TVPT".
About eNett International
eNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.
We pioneer innovative B2B payment solutions that reduce risk and facilitate even more travel content, at a lower cost. Easily integrated into existing travel booking workflows, our payment solutions deliver financial, data and efficiency rewards for travel agents and industry suppliers.
Our secure Virtual Account Numbers (VANs) enable travel agencies of all sizes to automatically generate a unique MasterCard number and pay their suppliers from directly within their booking flow. And our exclusive, long-term partnership with MasterCard provides access to the world's fastest payments processing network and 35.9 million payment locations worldwide, wherever a supplier accepts MasterCard online.
We are majority owned by Travelport, which is listed on the New York Stock Exchange, and our VANs are seamlessly integrated into its Travel Commerce Platform.
Further strengthened by our global banking services partner and shareholder Optal, eNett is building a reputation for trusted and practical B2B payment solutions for the travel industry and beyond.
For media enquiries, please contact:
Travelport: Kate Aldridge, Vice President, Corporate Communications, [email protected]
eNett: Tim Masih, Senior Communications Manager, [email protected]
SOURCE Travelport
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