Mumbai, June 15th, 2006:- Travelguru, India's premier online travel portal has
announced a technology partnership with Speech & Software
Technologies (SST). As India's first online metasearch
travel solutions company, Travelguru backed by Sequoia
Capital Partners, further consolidated its market leadership
by a continued focus on technological superiority through
this strategic alliance with SST.
Headed by Ashwin Damera CEO & Co Founder, Travelguru’s
unique feature lies in seamlessly integrated search
with the actual ease of transaction based on search
outcome on a real-time basis. SST will back Travelguru
with its technology expertise.
"This partnership would bring together two well-regarded
brands and two great teams to create the leading position
in online travel," said Ashwin Damera, CEO of Travelguru,
in a statement.
Travelguru’s partnership with SST comes at a
time when the online travel business is booming. The
Indian travel industry is expected to reach $40 billion
by 2008.
Prakash Shukla, President, Speech & Software Technologies,
said: “We are extremely happy to back Travelguru
as we are confident that this strategic partnership
will revolutionize the online travel booking experience.
This relationship will enable us to offer Travelguru
products to an ever increasing number of people world-wide.
There are more people visiting these sites than ever
before and with the increased tug-of-war between the
direct suppliers and the third parties, this will increasingly
favor the consumer.”
About Speech & Software Technologies
Speech & software Technologies provides technology
solutions to leading telecom carriers and the hotel
industry. It was founded in 1997 and is involved in
the research and development of speech technologies
including value-added products and services in the area
of automatic speech recognition, computer telephony
integration and internet-telephony convergence. For
more information about Speech & Software Technologies
please visit www.sstil.com
About Travelguru
Travelguru is a pioneering travel solutions company
that offers travellers the opportunity to plan and purchase
their travel in a transparent, hassle-free, quick and
smart way. Strategic partnerships and alliances with
travel industry leaders give Travelguru the edge as
an aggregator of travel services. Backed by next generation,
real-time, metasearch technology, Travelguru throws
up a wider range of travel options for domestic and
outbound international travelers. Promoted by two Harvard
Business School alumni with significant travel, technology
and corporate experience and a team of experienced professionals
from industries such as hospitality, travel & trade,
financial services and E-commerce, Travelguru is set
to redefine the way India travels. Travelguru can be
found on the World Wide Web at www.Travelguru.com or can be reached by calling the company’s customer support center,
+91 - 22 - 4275 4878 (standard charges apply).
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