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Serko Limited — Capital/Financing Update 2018
May 24, 2018
66271_rns_2018-05-25_51100469-62e6-4dab-b331-f0d23d22c4b2.pdf
Capital/Financing Update
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Market Release
24 May 2018
Serko has partnered with Qantas to achieve NDC Level 3 Certification
Serko Limited (NZX:SKO) announced today that Zeno, its next generation technology for travel and expense management, has been granted Level 3 Certification by IATA for native support of NDC with Qantas. Zeno becomes the first travel and expense platform globally to achieve this level of accreditation.
NDC (New Distribution Capability) is a travel industry-supported program launched by IATA for the development and market adoption of a new, XML-based data transmission standard that enhances the capability of communications between airlines, travel agents and aggregators.
Serko has entered into a strategic partnership with Qantas to enable NDC certification for Zeno.
As travel providers such as airlines increasingly look to engage directly with travellers to merchandise their offerings, Serko is ensuring its technology is capable of aggregating airlines rich content to facilitate this and create a seamless experience for corporate travel. Serko’s strategy is to ensure that it has the breadth and depth of content required to provide an integrated itinerary across the entire journey.
Serko does not expect this to have a material impact to its results for the 2019 financial year.
ENDS
For Investor Relations queries please contact:
Susan Putt Chief Financial Officer, Serko +64 9 309 4754 [email protected]
Serko Limited, Saatchi Building, Unit 14D 125 The Strand, Parnell, Auckland, New Zealand PO Box 47-638, Ponsonby, T: +64 9 309 4754, F: +64 9 377 0545, [email protected] ARBN: 611 613 980
About Serko
Serko is a leading travel and expense technology solution in Australasia, used by over 6,000 corporate entities and Travel Management Companies who combined book more than A$6bn of travel a year through Serko’s platforms.
Zeno is Serko’s next generation travel management application, using intelligent technology, predictive workflows and a global travel marketplace to transform business travel across the entire journey.
Listed on the New Zealand Stock Exchange Main Board (NZX:SKO). Serko employs more than 100 people worldwide, with its HQ in New Zealand, and offices across Australia, China, India and the U.S. Visit www.serko.com for more information
Serko Limited, Saatchi Building, Unit 14D 125 The Strand, Parnell, Auckland, New Zealand PO Box 47-638, Ponsonby, T: +64 9 309 4754, F: +64 9 377 0545, [email protected] ARBN: 611 613 980