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Pegasus Solutions Is One of Texas' Fast 50 and North America's Fast 500 on Lists of Fastest-Growing Companies
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DALLAS (October 14, 2003) — Pegasus Solutions Inc. (Nasdaq: PEGS) announced that it has been named to the Technology Fast 50 Program for Texas, a ranking of the 50 fastest-growing technology companies in Texas by Deloitte, one of the nation’s leading professional services firms. Dallas-based Pegasus Solutions is a leading global provider of hotel reservations-related services and technology.
Pegasus was also named to the North American Fast 500 list, which recognizes the 500 fastest-growing technology companies in North America. This is the third year in a row that Pegasus has been included on the Fast 50 and Fast 500 lists.
“We are very proud of this recognition, especially given the challenges that have impacted the travel industry in recent years,” said John F. Davis III, chairman, president and CEO of Pegasus Solutions Inc. “Our success can be attributed directly to our broad range of services, combined with the talents of our staff and their dedication to our customers.”
Rankings for the programs are based on the percentage of growth in fiscal year revenues over five years, from 1998–2002. Pegasus’ revenue increased more than 639 percent from 1998 to 2002.
“To succeed during prosperous times is one thing; to succeed in adversity is much more challenging, and that’s exactly what the Deloitte Technology Fast 50 and Fast 500 winners have done,” said Skip Moore, regional managing partner for technology, media and telecommunications for Deloitte. “We applaud Pegasus Solutions for its tremendous accomplishments during economically challenging times and for being one of the elite Fast 500 as well as a Fast 50 company in Texas.”
Formed in 1989, Pegasus is an integral component of the travel industry, touching hundreds of thousands of hotel reservations-related transactions every day. The company’s services include:
Central reservation systems used by more than 9,000 properties.
Third-party marketing and reservation representation services for more than 4,000 hotels.
Electronic distribution services that connect more than 44,000 hotels to the Internet and to the global distribution systems (GDS).
Commission processing and payment services used by the top 10 travel agencies in the United States, as ranked by Travel Weekly magazine, and more than 35,000 properties worldwide.
The PegasusCentral™ Web-based property management service.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in North America, and be a “technology company” defined as owning proprietary technology that contributes to a significant portion of the company’s operating revenues (using other companies’ technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology. For more information on the Deloitte Fast 50 or Fast 500 programs, visit www.fast500.com.
Dallas-based Pegasus Solutions, Inc. (www.pegs.com) is a leading global provider of hotel reservations-related services and technology. Its services include central reservations systems; electronic distribution services that connect more than 45,000 hotels to the Internet and to the global distribution systems (GDS); travel agent commission processing and payment services; the Utell marketing and reservation representation service (www.Utell.com); and PegasusCentral™, a Web-based enterprise solution with property management applications. Pegasus’ customers comprise the majority of travel agencies around the world, including the 10 largest U.S.-based travel agencies; more than 48,000 hotel properties around the globe, including all of the 50 largest hotel brands in the world based on total number of guest rooms[i]; and thousands of Web sites/services that have their hotel reservations Powered by Pegasus™. In addition to its corporate headquarters in Dallas, Pegasus has 18 offices in 11 countries, including regional hubs in London, Scottsdale and Singapore. The company’s stock is traded on the Nasdaq National Market under the symbol PEGS.
[i] Hotel Business, February 7, 2002, “The Top Hotel Brands” – ranked by total number of rooms (2001)
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Date Listed: 2003-10-14
More news about:
 Industry: Hotel
Category: Technology
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