Vayant Travel Technologies Names Travel Industry Veteran Brian Clark as New CEOBy Vayant Travel Technologies Llc, PRNE
Tuesday, March 8, 2011
New Round of Funding from Existing Investors and New Investor Cape Capital Fuels Additional Growth
NEW YORK, March 9, 2011 - Vayant, the next-gen airfare pricing engine, today announced the
appointment of Brian Clark as its new Chief Executive Officer. A proven
leader with nearly 20 years of success building industry-defining businesses,
Clark is assuming the position, effective immediately, from Atanas Christov,
as part of an ongoing succession plan. Clark had previously been appointed to
Vayant's Board of Directors.
Clark's specialty is building value through efficient and disciplined
delivery of advanced consumer-oriented technologies that meet consumer needs.
His experience spans multiple travel touch points, from network airlines to
award-winning LCC airlines to online travel distribution, in both the U.S.
"Today more than ever, air travel distribution companies need to create a
compelling and more relevant online guest experience," said Clark. "Vayant
has emerged as the premier partner for helping air travel distributors
understand how to serve the most relevant itineraries based on consumer
preference and expanded itinerary choice. As new search engines continue to
emerge, my goal is to enable Vayant to be an even more agile and innovative
partner for air travel distributors by bringing world-class solutions that
enable our clients to better serve consumer need."
Prior to joining Vayant, Clark served as General Manager of Fly.com, the
startup air travel meta-search site. In this role, Clark was responsible for
launching Fly.com in the US and Europe, including the business plan
development, product planning, marketing, and partner relations. Prior to
launching Fly.com, Clark was the first commercial planning officer for Virgin
America, the San Francisco-based, award-winning low fare carrier that
launched and grew to over $400 million during his tenure. He was responsible
for the development and implementation of all commercial planning functions
including route network planning & scheduling, pricing and revenue
management, distribution, sales, and loyalty marketing. Brian began his
career with US Airways where he held roles of increasing responsibility in
revenue and schedule planning as well as operations.
In addition, the Company is pleased to announce that Vayant's principle
investor, NEVEQ LP, and external investor Cape Capital, a multibillion Swiss
investment management firm, have committed additional funds that provide
Vayant substantial financial runway, allowing Vayant to enter its next growth
phase with ample cash-on-hand.
"As Vayant's new CEO, Brian brings a passion for building businesses that
deliver unique and sustainable value. We are committed to his leadership and
confident that with his experience, strong execution skills, and leadership,
Vayant will continue its growth well into the future," said Alex Vukajlovic,
CEO of Cape Capital.
"And as Brian takes on our future growth, we thank Atanas Christov for
his energy and vision which has enabled Vayant to build the leading air
travel search and shopping engine of the next generation. Wewant to thank
Atanas for his hard work, dedication, and leadership," said Pavel Ezekiev,
Managing Partner of NEVEQ LP.
About Vayant Travel Technologies LLC
Vayant is an airfare search and shopping engine. Developed from scratch,
Vayant's flagship product OneSearch(TM) delivers personalized search results
and increased itinerary options to improve the end user experience,
increasing customer look-to-book ratios, increasing revenues, and cutting
costs. We sell our product to travel distribution companies such as airlines,
meta-search engines, online travel agencies, and tour operators.
(c) 2011 Vayant. All rights reserved.
Ivo Dimitrov, Vayant Business Development Manager, +1-702-482-9268, Ivo at vayant.com
Tags: March 9, New York, Vayant Travel Technologies Llc