Amadeus IT Group
Mr. Till Streichert (Chief Financial Officer)
Mr. Christophe Bousquet (Chief Technology Officer)
Summary
Amadeus IT Group, S.A., together with its subsidiaries, operates as a transaction processor for the travel and tourism industry worldwide. The company operates through two segments, Distribution and IT Solutions. The company acts as an international network providing real-time search, pricing, booking, and ticketing services. It also offers travel providers a portfolio of technology solutions, which automate certain mission-critical business processes, such as reservations, inventory management, and departure control. In addition, the company is involved in the provision of software development and definition, distribution, regional support, data processing, intermediation, consulting, installation of industrial machinery and equipment, and information technology services; financial activities; and e-commerce business. It serves providers of travel products and services, such as airlines, airports, hotels, tour operators, insurance companies, road and sea transport companies, travel sellers and brokers, travel buyers, and ground handlers. The company was formerly known as Amadeus IT Holding, S.A. and changed its name to Amadeus IT Group, S.A. in August 2016. Amadeus IT Group, S.A. was founded in 1987 and is headquartered in Madrid, Spain.
History
Amadeus was originally created as a neutral global distribution system by Air France, Iberia, Lufthansa and SAS in 1987 in order to connect providers' content with travel agencies and consumers in real time. The creation of Amadeus was intended to offer a European alternative to Sabre, an American GDS. The first Amadeus system was built from core reservation system code coming from System One, an American GDS that competed with Sabre but went bankrupt, and a copy of the Air France pricing engine. These systems were respectively running under IBM TPF and Unisys. At the first, the systems were dedicated to airline reservation and centered on the PNR , the passenger's travel file. Gradually the PNR was opened up to additional travel industries .
Initially a private partnership, Amadeus went public in October 1999, becoming listed on the Paris, Frankfurt and Madrid stock exchanges. The firm diversified its operations with information technologies to deliver services beyond sales and reservation functionalities, centered on streamlining the operational and distribution requirements of its customer base.
Since 2004, the company has invested €1 billion in R&D with its technology increasingly using open systems which provide clients with more flexibility and features. As of 2010, 85% of its software portfolio was open system based and it expects by the end of 2016 to have fully migrated away from mainframe-based TPF software.In 2005, Amadeus was delisted from the Paris, Frankfurt and Madrid stock exchanges when BC Partners and Cinven bought their stake from three of the four founding airlines and the rest of the capital floated from institutional and minority shareholders. The transition from distribution system to technology provider was reflected by the change in its corporate name to Amadeus IT Group in 2006. In 2009, Amadeus invested about €257 million in R&D. Amadeus was listed on the Spanish Stock Exchanges on 29 April 2010.Amadeus has acquired:
2003: Airline Automation , a robotic PNR processing company In 2006, its name was changed to Amadeus Revenue Integrity.
2004-2008: Opodo, a European travel website, which it sold in February 2011 for €450 million
2022: Kambr, an airline revenue management solutions providerIn September 2014, Air France sold a 3% stake in the firm for $438 million. In November 2017, Amadeus invested in global mapping tech provider AVUXI.
Mission
To help corporations power smarter business travel
Vision
To be the leading provider of technology solutions for the travel industry.
Key Team
Ms. Cristina Fernandez (Director of Investor Relations)
Jackson Pek (Sr. VP & Gen. Counsel)
Ms. Sabine Hansen Peck (Sr. VP of People, Culture, Communications & Brand)
Mr. Francisco Pérez-Lozao Rüter (Pres of Hospitality)
Mr. François Weissert (Sr. VP of Global Core Devel.)
Mr. Decius Valmorbida (Pres of Travel Unit)
Mr. Wolfgang Krips (Sr. VP of Corp. Strategy)
References
Mr. Till Streichert (Chief Financial Officer)
Mr. Christophe Bousquet (Chief Technology Officer)