ATLANTA, May 3 /PRNewswire-FirstCall/ -- TRX, Inc. (www.trx.com) (Other OTC: TRXI), a world-leading provider of travel technology, process automation, consulting and data services, and RADIUS, a corporate travel management company providing global travel solutions, today announced a comprehensive worldwide agreement for the distribution of TRX's TRAVELTRAX solution. RADIUS is a leading global travel management company with over 90 member travel agencies across 80 countries and 3,300 locations worldwide.
Under the agreement, RADIUS will market TRX's TRAVELTRAX reporting solution to its network of travel agencies and corporate clients as the preferred travel data and reporting platform.
TRAVELTRAX, currently deployed to more than 1,000 global clients, is a suite of travel data management and business intelligence solutions delivered as hosted software with support services which transforms transaction data into actionable insights and enables users to better monitor and control costs.
"RADIUS is migrating to TRAVELTRAX because we determined it offers the most functionality as a global reporting platform," said Jay Richmond, Senior Vice President of Supplier Relations and Product Marketing, RADIUS. "We also believe its architecture is the most flexible and scalable in the marketplace today."
TRAVELTRAX allows procurement and travel managers to view, analyze and report on key performance indicators (KPIs) in order to control spending and prevent travel policy leakage. In addition, TRAVELTRAX offers, optional data enhancement services – hotel data normalization, credit card transactions, expense management tools, air contract processing and more – refine and improve data quality and reporting capabilities.
"TRX's expertise, strong reputation and innovation in data management and business intelligence directly supports our mission to deploy powerful, best-in-class solutions that add value to our clients' business," said Chris Vasiliou, President and CEO of RADIUS. "This strategic new agreement enables us to provide quality data reporting and analytics to our multinational corporate clients."
"We're excited to partner with RADIUS and extend our leadership role in travel reporting," said Shane Hammond, President and CEO, TRX. "Our joint efforts will provide the RADIUS network of travel agencies and corporate clients with immediate access to the leading reporting solution in the market today."
About TRX
TRX is a world-leading travel technology and data services provider, offering more than 20 software-as-a-service utilities for online booking, reservation processing, data intelligence, and process automation. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. We provide patented savings maximization solutions via our travel analytics consulting practice, extending spend management services to travel buyers all over the world. We complement all of these offerings with a global workforce focused on travel process automation and reengineering. For more information about TRX or to contact a TRX sales office, phone 404.929.6100 or visit the company's Web site at www.trx.com.
SOURCE TRX, Inc.
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