Irish

Friday 1 August 2014

Travel software firm Datalex promises strong growth buoyed by new customers

John Mulligan

Published 16/11/2012|12:21

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IRISH travel software firm Datalex insists it’s meeting its "operational and strategic objectives" despite the constant challenges faced by its customers.

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The company said in an interim management statement this morning that it expects to deliver strong growth in earnings before interest, tax, depreciation and amortisation (EBITDA) this year.

The company counts major global airlines such as Delta, Air China and Singapore Airlines among its customers. They use its software platform to drive retail revenue via their websites, selling everything from insurance to hotel rooms.

Datalex said that, in the four months ending October 31, it continued to grow the business in line with market expectations.

“Our new business pipeline is strong and growing, buoyed by the programme of 2012 ‘go-lives’ at new customers,” it said.

“Our expectation for 2012 is that we will deliver strong growth in EBITDA and cash generation year on year, while continuing to expand our customer base.”

Significant investors in Datalex include financier Dermot Desmond as well as Pageant Holdings, the investment vehicle controlled by businessman Nicholas Furlong.

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