Former Pegasus CEO, Mike Kistner Joins RezNext as Board Member

Bangalore, February 19, 2013 – RezNext, the recently launched real-time online distribution solution for hotel rooms, welcomes former Pegasus CEO, Mike Kistner to the Board of RezNext.

Michael Kistner has over 25 years of experience in the hospitality industry, online operations and technology. He is also the past Chairman of the Board and Chief Executive Officer of Pegasus Solutions, Inc.   Under Kistner’s leadership, Pegasus has been recognized as the world’s leading distribution switch for the hotel industry.

Speaking on the expansion of the Board, Suresh John, Chairman of Board, RezNext said “I warmly welcome Mike Kistner to the RezNext Board. We are a rapidly growing company, and we see Mike, with his extensive expertise in Hotel Distribution Technology offering us insights, knowledge and directions to enter the global arena.”

Mike Kistner was earlier the CIO and Senior Vice President e-Commerce, at Best Western International before joining Pegasus.  Here he pioneered the first system-wide ‘free to guest’ internet access.  He also brought Best Western online, through their award winning internet booking engine.

Kistner served in various senior executive, operational, internet and technology positions at Cendant, now Wyndham Hotels.  While at Cendant, Kistner successfully implemented the industry’s largest property management system implementation to date, 6,000 properties in 18 months.  He led Cendant’s internet division, brought to market one of the largest and first consumer data warehouse, having consumption detail data on over 100 million travellers.

During his recent visit to India, Mike Kistner said “I am excited by the plans and innovative solutions that RezNext has in its portfolio. Their offerings have the tremendous potential to meet the current need of hotels to enhance their online visibility, cost effectively increase room occupancy and drive revenue.”

RezNext is a real-time, online distribution company for hotel rooms. In an environment of stiff competition, RezNext envisages empowering hotels across market size and location with technology. RezNext is a first of its kind online platform that offers a comprehensive solution set of services such as Rate & Channel Management, Revenue Management, GDS Interface, Reputation Management, Website Designing and Web Booking Engine, Mobile platform, Central Reservation System, Property Management System (PMS) two-way connect, Facebook Web Booking Engine and Loyalty & Feedback Management.

RezNext is a fully owned subsidiary of IDS NEXT and leverages their 25 years of domain expertise in hospitality technology to develop their service offerings.

About RezNext

RezNext is a real time B2B distribution company that bridges the gap between a hotel’s reservation system and online booking channels. An initiative of IDS NEXT, RezNext leverage their 3000 customers, presence in 40 countries, 25 years of hospitality technology expertise, and state-of-the-art technology. RezNext’s solutions have been carefully crafted to offer hotel’s a comprehensive solution set to dynamically distribute rooms, enhance online visibility, optimize use of manpower and grow revenue.

RezNext’s portfolio of  offerings include Rate & Channel Manager, Revenue Management, Reputation Management, Website Designing and Web Booking Engine, Mobile platform, Central Reservation System, Property Management System (PMS) two-way connect, GDS Interface, Facebook Web Booking Engine and Loyalty & Feedback Management. Our growing range of solutions can be access by hospitality properties across market segment and size, such as independent hotels, chain hotels, business hotels, resorts, clubs, service and limited service apartments, spas, restaurants and others.

For further information please visit http://reznext.com/

Media Contact

Lillian D’Costa

Manager, Marketing

Email: easy@idsfortune.com

IDS NEXT Hotel ERP, FortuneNEXT6i Becomes PA DSS Compliant

Bangalore, February 5, 2013 - FortuneNEXT6i, the newest version of IDS NEXT’s Hotel ERP, gets PA DSS Compliance Certification.

IDS NEXT is a global leader in ERP and total technology solutions for the hospitality and leisure industries, and has been pioneering hospitality technology in India for the last 25 years.

With the Payment Application Data Security Standards (PA DSS) v2.0. Certification, IDS NEXT’s Hotel ERP becomes the first Indian Hotel ERP Solution to receive the certification.

Says Binu Mathews, President and COO, IDS NEXT, “We are absolutely thrilled to receive the PA DSS Certification as this means our 3000 customers can now offer greater security to their guest. The PA DSS certification is not currently required by regulation; however as an industry leader IDS NEXT felt the need to raise the benchmark on security.” “Hotels investing on technology like to ensure their technology is futurist and IDS NEXT likes to stay ahead of the curve. We expect regulations like PA DSS to catch up soon in our markets. As required by PA DSS certification, FortuneNEXT6i offers users AES 128 and SHA 512 bit encryption, which allows a hotel to move closer to being fully PCI DSS Compliant” he added

PA DSS was formerly known as Payment Application Best Practices (PABP) and is a global security standard created by the Payment Industry Security Standards Council for software vendors who develop payment applications. The standard is designed to enable software vendors to develop secure payment applications and prevent third parties from storing sensitive data such as credit card numbers beyond a stipulated time. The PA DSS is an effective method to protect cardholder’s data.

The new version of IDS NEXT’s Hotel ERP, FortuneNEXT6i was launched in September 2012 as a robust hospitality solution with a strong architecture. It has since been installed in India and Middle East. Some of the high points of the Hotel ERP are its in-built report writer, which allows hotels to create a host of complex, yet visually appealing reports through a simple drag and drop method. The ERP also has an interface to RezNext, the online real-time distribution platform. FortuneNEXT6i is packed with options that allow hotels to leverage the latest technology to enhance efficiency at their property, enhance guest satisfaction and thus grow revenue. The ERP also has an interface to a Feedback and Loyalty Management solution – Guest Dynamix, and a mobile restaurant e-menu application Envy Dine.

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About IDS NEXT Business Solutions

IDS NEXT Business Solutions Pvt. Ltd. “IDS NEXT”, is a global leader in providing ERP and total technology solutions for the Hospitality and Leisure industries. With a track record that spans over 25 years, we have earned the trust of over 3000 customers globally with a strong presence in 40 countries across South Asia, Middle East, Asia Pacific and Africa. IDS NEXT’s clients include a host of prominent hotel chains including Sarovar Hotels & Resorts, ITC Fortune Group, Royal Orchid Hotels, Pride Hotels, Ramada Hotels and others.

IDS NEXT’s portfolio of  capabilities include Strategic Consulting, Business Outcome Services, Internet and Mobility Solutions, Total Technology Solutions and a range of next generation software products that  addresses the hospitality industry, such as independent hotels, chain hotels, business hotels, resorts, clubs, service apartments, limited service, spas, cruise liners and restaurants.

For further information please visit http://idsnext.com/

Media Contact

Lillian D’Costa

Phone: +91.080.23538042

Email: easy@idsfortune.com