SOURCE: GuestCentric

June 06, 2007 12:04 ET

GuestCentric Raises $1.25 Million in Seed Round

Two New Board Members Appointed

STAMFORD, CT--(Marketwire - June 6, 2007) - GuestCentric Systems, an early-stage startup that develops web services for travelers and the travel industry, today announced it has completed a $1.25 million round of seed financing led by ASK Venture Partners and participated by Change Partners.

As part of the financing, ASK's Nuno F. Thomaz joins the company's board of directors, and Joao R. Costa, CEO of hosting provider eChiron, was elected for the vacant independent seat on the board.

"GuestCentric is leading the charge to solve one of the travel industry's biggest and most complex challenges: how can hundreds of thousands of small and medium businesses capitalize on direct customer interaction through the Internet and mobile channels," said Nuno F. Thomaz, Executive Board Member at ASK. "We want ASK to be at the forefront of this global opportunity."

GuestCentric was founded to address the structural change that the travel industry is going through in terms of customer acquisition, online distribution, and marketing and promotion, also known as Travel 2.0. The company will use the capital to accelerate its product development and strategic alliance efforts.

"Rapid growth in the hosting market is constrained only by the availability of leading edge applications that change the way customers do business," said Joao Costa, CEO at eChiron. "GuestCentric's web services combine killer features with the high-efficiency and reliability model of hosted applications: this will be the winning model for the small and medium business target segment."

"We are excited to welcome Nuno F. Thomaz and Joao Costa as members of our board of directors," said Pedro Colaco, President and CEO of GuestCentric Systems. "Their combined experience in providing capital and guidance to young companies is invaluable, and we look forward to their assistance during this phase of growth."

About GuestCentric Systems

GuestCentric Systems is an early-stage startup that was founded in October 2006 with the mission of developing web services that revolutionize the way the travel industry works. For more information visit http://www.guestcentric.com

GuestCentric is a trademark of GuestCentric Systems.

Contact Information

  • Contact:
    Lisa Allocca
    Red Javelin Communications, Inc.
    978-470-2227
    Email Contact