MEDIA RELEASE PR41775
TRAVELCLICK(R) Taps Former Register.com CEO Larry Kutscher as New CEO
CHICAGO, Oct. 18 /PRNewswire-AsiaNet/ --
Appointment of Internet Business Leader Begins a New Era in
Online Booking Experience
TRAVELCLICK(R), the leading provider of ecommerce solutions for the hotel
industry, today announced the appointment of Larry Kutscher as its new Chief
Executive Officer (CEO). A proven CEO with 20 years of success building
industry-defining businesses, Kutscher is assuming the position, effective
immediately, from Robert Post, Chairman and CEO, as part of an ongoing
succession plan. Kutscher is also being appointed to the TRAVELCLICK Board of
Directors.
Kutscher's specialty is building customer value through innovation,
acquisition, and application of advanced technologies. His experience spans
multiple industries, from pioneering Internet companies to financial services
and travel industry leaders.
"Today more than ever, hotels need to create a compelling online guest
experience," said Kutscher. "In this era of online booking, TRAVELCLICK is
the premier partner for helping hotels understand how and when their
customers want to interact with their brand, and offering the tools for
seamless, and genuine, guest connection. As new channels continue to emerge
for booking and guest communications, my goal is to enable TRAVELCLICK to be
an even more agile and innovative partner for hotels-bringing world-class
solutions that help our clients succinctly meet guest needs, and secure their
loyalty, in a world of perpetually increasing transparency and choices."
Prior to joining TRAVELCLICK, Kutscher served as CEO of Register.com
until its sale in July 2010 to Web.com. Under his leadership, the domain name
company was evolved into a small business services organization with a focus
on being the "web department" for small businesses. Kutscher has served also
as Senior Vice President and General Manager of the Small Business Group at
Dun & Bradstreet, where he helped the company expand its digital offerings,
including the acquisition and development of Hoovers. His background also
includes a role as Managing Director with Goldman Sachs Wealth Management and
12 years at American Express.
"As TRAVELCLICK's new CEO, Larry brings a passion for building businesses
that deliver unique and sustainable value. We are confident that with his
experience, strong execution skills, and leadership, TRAVELCLICK will
continue its growth well into the future," said Mark Hanson, Managing
Director of Genstar Capital LLC, the principal investor in TRAVELCLICK. "And
as Kutscher takes the helm, much of the credit for TRAVELCLICK's success to
date goes to Robert Post, who has served the company as CEO for the last five
years. Under Bob's leadership, TRAVELCLICK significantly grew its revenues
from US$45 million to over US$190 million, increased its profitability, and
expanded its global hotel client base to over 15,000 customers worldwide. We
want to thank Bob for his hard work, dedication, and leadership."
About TRAVELCLICK, Inc.
solutions, provides a continuous flow of high-value online bookings to hotels
worldwide. A uniquely comprehensive one-stop partner, TRAVELCLICK offers
business intelligence, distribution, and digital marketing solutions
delivered with unmatched hospitality expertise. Serving the hotel industry
since 1999, TRAVELCLICK has more than 15,000 customers in 140 countries with
offices in Baltimore, Barcelona, Chicago, Dubai, Houston, Melbourne,
About Genstar Capital, LLC
that has been actively investing in high-quality companies for more than 20
years. Based in San Francisco, Genstar works in partnership with its
management teams and its network of operating executives and strategic
advisors to transform its portfolio companies into industry-leading
businesses. Genstar has more than US $3 billion of committed capital under
management and targets investments focused on selected sectors within the
life science, healthcare services, software and software services, financial
services, and industrial technology industries.
(c) 2010 TRAVELCLICK. All rights reserved. TRAVELCLICK is a registered
trademark of TRAVELCLICK, Inc.
Contacts:
Katrina Pruitt-Andrews, TRAVELCLICK
+1-410-865-9093 mobile
kpandrews@travelclick.net
Chris Tofalli, Genstar Capital LLC
+1-914-834-4334
chris@tofallipr.com
SOURCE: TRAVELCLICK, Inc.
CONTACT: Katrina Pruitt-Andrews of TRAVELCLICK, Mobile, +1-410-865-9093,
kpandrews@travelclick.net; or Chris Tofalli of Genstar Capital LLC,
+1-914-834-4334, chris@tofallipr.com, for TRAVELCLICK, Inc.
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