StarCite Acquires Travent, Limited
Underscores Continued Global Growth --
PHILADELPHIA, PA – May 15, 2007 – StarCite, Inc., the leading provider of On Demand Global Meeting Solutions™, announced today that it has acquired Travent Limited, EMEA, a UK-based provider of enterprise meeting management and global technology solutions to European companies and industry partners. Through the acquisition, StarCite continues its growth plans to expand globally, and secures an impressive base of corporate customers and experienced staff in Europe.
As a StarCite technology distributor for several years, Travent has successfully built its business in Europe by implementing meetings technology solutions for global corporate customers, including Pfizer, HRG and others, and by providing services that optimize new business processes for its clients and partners. With Travent’s staff of experts joining StarCite, the acquisition will also bolster StarCite’s European operations capabilities.
“As we continue to grow within the European market and globally, we are constantly looking for ways to improve our solutions and better serve our clients,” said John Pino, StarCite’s Founder and President of StarCite International. “We are not only excited to be expanding our global presence, but as strategic meetings management continues to gain momentum worldwide, we are also proud to be gaining a team of experts in meetings spend management. They have built strong industry and corporate relationships, and we are looking forward to introducing even more services and capabilities to this impressive base of customers.”
“StarCite has a long-standing reputation in the meetings industry for providing the most advanced meetings technology solutions to its clients that allow for greater control and visibility over meetings spend,” said Ray Thackeray, Managing Director, Travent Limited, EMEA. “We are looking forward to joining forces with StarCite, so that we can continue to provide the most innovative managed meetings programs, and a vibrant supplier marketplace that enables strategic sourcing. Our clients will benefit as they take advantage of more functionality and StarCite’s rich roadmap of planned technology and service enhancements.”
As a co-founder of seeUthere Technologies, Ray Thackeray has been a long-time advocate of strategic meetings management, and brings additional seasoned experience to StarCite’s team. He will continue to work with StarCite in building its European client base and capabilities.
StarCite’s international revenues continue to grow rapidly, with nearly 20% of its business now being generated outside the US. “We’re excited about this acquisition,” said Mike Boult, StarCite’s President and CEO. “With many of our current customers now rolling out programs in Europe, having more expertise there is an important differentiator for us. This definitely accelerates our plans, and gives us momentum as we continue to grow globally.”
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