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Mobile app creator MTT signs major deal with US travel agency

MOBILE Travel Technologies (MTT), a Dublin mobile applications developer, has signed one of its biggest ever deals with a US travel agency.

MTT co-founder Paschal Nee declined to give any details of the contract, but said it was an important step for the company in penetrating the North American market.

MTT develops applications used by airlines such as easyJet and Flybe. Last year it received $5m (€3.8m) in funding from venture fund DJF Esprit, where Irish tech entrepreneur Brian Caulfield is a partner.

Mr Nee, who was attending an aviation conference in Wicklow yesterday, said MTT is using those funds to expand its sales and R&D platforms. Its clients also include Qantas-owned Jetstar and Dubai-based luxury hotel chain Jumeirah.

Growth

Founded in 2005 by chief executive Gerry Samuels, MTT made profits of about €700,000 in 2011, the latest year for which accounts for the business are publicly available.

Mr Nee declined to say what profit the company generated last year.

Based in Dublin's Digital Hub, MTT has been able to capitalise on increasing demand from airlines for mobile platforms that enable them to grow revenue and reduce costs.

The app it developed for easyJet was downloaded 4.2 million times in 12 months, and the airline expects to have generated $100m (€76m) of revenue through it in the first year. MTT said Flybe recorded a 10pc month-on-month growth in visitors via its mobile gateway.

MTT employs about 60 people and is recruiting across disciplines.

Irish Independent