Zensar Helps Priceline.com Implement Scalable Oracle Financials R12 and Hyperion Financial Manager Systems

SAN JOSE, California, February 22, 2010 /PRNewswire-FirstCall/ -- Zensar Technologies, the leading global IT and BPO services provider today announced the completion of a major systems integration project with Priceline.com. Zensar assisted Priceline.com in the travel company's implementation of Oracle Release 12 Financials and Hyperion Financial Manager. The success of this project is another example of Zensar's deep expertise with Oracle implementations. The large project was delivered through collaborative partnerships between Priceline.com and Zensar, and their teams of domain and technical experts.

Priceline.com Incorporated (Nasdaq: PCLN) http://www.priceline.com provides online travel services in 32 languages in over 90 countries in Europe, North America, Asia, the Middle East and Africa. Included in the priceline.com family of companies is Booking.com, a leading international online hotel reservation service, and Agoda.com, an Asian online hotel reservation service. Priceline.com also operates the following Websites: Travelweb.com, Lowestfare.com, RentalCars.com and BreezeNet.com.

Zensar has been working with Priceline.com for the last 16 months. The team has streamlined over a decade's worth of historical transaction and supplier data, and has created accounting structures for all priceline.com businesses so that transactions can be run in a short overnight time window.

"With Priceline.com's continually growing global presence, rapid scalability complemented by effective rollouts for transaction and accounting systems are critical to the success of our business," said Priceline.com's Chief Technology Officer Ron Rose. "Priceline.com needed a technology partner that could help us create a transformational architecture to enable this process, and to provide the skill sets to help us address the overall system complexity that priceline.com faced with this migration. We are pleased to be associated with Zensar, as they have not only been able to provide us with the expertise to streamline our operations, but have also demonstrated professionalism and dedication to our implementation and our company throughout the entire project."

Zensar's experience of having carried out multiple Oracle 11i/R12 upgrades and Oracle Applications have ensured integration of all Oracle Applications with the current Priceline.com feeder systems and also have ensured functional testing of all transactions to validate data accuracy. The Company has also implemented Hyperion Financials for consolidation and reporting of Priceline.com's financial data for its global operations.

Nitin Parab, Executive Vice President, Zensar Technologies said, "In the current challenging environment, organizations are looking to increase efficiency and stability of systems and flexibility in order to stay competitive - our team have been able to consolidate and scale Priceline.com's IT systems onto a single platform to provide maximum business benefit and with a near perfect accuracy. We are happy to be associated with a company which has a vision and will leverage our expertise to help meet Priceline.com's transformation agenda."

Zensar's unique combination of domain expertise, market knowledge and a customer-centric approach have ensured high accuracy of processing and accounting of Priceline.com's business processes.

In the first half of this fiscal year, Zensar has seen a surge in its Enterprise Applications business and has added over 28 new customers in UK, US and emerging geographies like South Africa and Middle East. The Company is now the Certified Advantage Partner for US, UK and Middle East- the highest level of partnership status in the region and has also won the Emerging Business Applications Award for 2009 at the Oracle UK Partner Awards in 2009. In the US, the Company has built success stories through Greenfield projects using Oracle Business Accelerators which have been leveraged for faster implementation of enterprise applications and optimization of costs.

Zensar expects to do more than 50 engagements in the Oracle domain in the financial year 2010-11 and establish itself as one of the Top Five global consultants for implementation and support of Oracle applications.

About Zensar Technologies (http://www.zensar.com)

Zensar Technologies is among the top 25 software services providers from India. Zensar is the world's first enterprise-wide SEI CMM Level 5 Company and was also later certified as a CMMI Level 5 Company with industry expertise that spans Retail, Manufacturing, Banking, Insurance and Utilities. Zensar has more than 4684 employees with sales and operations presence across US, UK, Germany, Sweden, Finland, Middle East, South Africa, Hong Kong, Singapore, Australia and Japan. The Company delivers comprehensive services in mission-critical applications, enterprise applications, e-business, BPO and Knowledge Services. The Company has developed tools and methodologies, including the proprietary Solution BluePrint (SBP), which enables its clients with innovative business solutions and a rapid 'go-to-market' capability. The Company supports Fortune 500 clients with software business solutions that help them compete in the digital economy.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

    For further information, please contact:
    Joseph Ung
    Zensar Technologies
    +973-650-0461
    [email protected]

SOURCE Zensar Technologies Ltd