Datalex wins South America client
Dublin-based travel software firm Datalex is about to ink its first client win in South America.
In a quarterly update to investors Datalex said that it has also been selected as the preferred supplier to another US carrier.
It hopes to finalise the contracts by the end of the year and said that it also expected to seal other deals in coming months.
Headed by chief executive Aidan Brogan, the company provides software that helps airlines and travel agents to increase ancillary revenues via their booking systems. Its customers include carriers around the world, such as Aer Lingus, Virgin Australia, Air China, Delta and United.
Datalex said that it has made good progress so far in 2013 and that it was set to deliver growth in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of between 25pc and 30pc this year. That is the target it set at the beginning of 2013.
The company said that during the four months to the end of October, its performance had been in line with previously provided guidance.
Its transaction revenue rose by 15pc in the period, driven by new customers going live with its system and rising revenues for existing customers.
The firm is 28pc owned by IIU, the investment vehicle of financier Dermot Desmond.