Auckland, New Zealand. 3rd September 2014 – Serko Ltd. (SKO.NZ) a market leader in online travel booking and expense management for business, announced today that it has signed a 3 year contract with US online travel booking and travel technology company, nuTravel Technology Solutions, to exclusively resell its new Mobile App ‘Serko Mobile’ in the North American market. Serko expects to begin recognizing revenue from the contract in the next financial year, FY16. The contract will not materially impact Serko’s current year financial guidance.
The contract gives nuTravel the right to resell a private label version of the app under the nuTravel brand to its US, Canadian and Mexican customer base of more than 2 million registered travelers.
Serko Mobile is an IOS and Android application designed specifically for business travelers that have booked trips through Online Booking Tools, such as Serko Online and nuTravel Enterprise. In addition to providing rich itinerary information and travel alerts, Serko Mobile uniquely allows business travelers to make changes to their existing flight bookings in real time, which is of significant value to business travelers who need high levels of flexibility.
Darrin Grafton, Serko CEO said “We have worked closely with nuTravel for a number of years now and by licensing technology in this way we can both accelerate our product innovation cycles. It extends our products into North America and expands our global reach.”
Carmine Carpanzano, nuTravel CEO said “access to relevant content and transactional capabilities on mobile devices is key to our customer base. Serko has made a significant investment in mobile technology, which allows nuTravel’s customers to take advantage of the best technology that’s available around the globe. I’m convinced our customers and prospects will welcome and embrace it.”
nuTravel will begin integrating Serko Mobile immediately and expect to make it available to nuTravel customers early in 2015.
For investor relations queries please contact:
Tim Bluett, Chief Financial Officer, Serko
+64 9 309 4754
For media queries please contact:
Natasha Gillooly, Porter Novelli for Serko,
+ 64 21 915 297
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On Twitter: https://twitter.com/SerkoOnline