Former Sabre Executive to Lead Yapta
Seattle, WA – July 18, 2012 – Yapta, the only provider of Intelligent Price Tracking™ for the travel industry, today announced that James Filsinger has been named CEO by the company’s Board of Directors, following interim CEO, Ken Myer. As CEO, Filsinger will lead the company as it moves into the corporate travel market with its recently launched FareIQ airfare price tracking solution.
“The Board is pleased to welcome James to the company,” said Bill McAleer, Yapta Director and Managing Director with Voyager Capital, an investor in the company. “James is a proven leader with a wealth of experience in the travel technology space and an intimate understanding of travel booking solutions, making him uniquely qualified to lead the organization. We look forward to working with him during this exciting time in the company’s history.”
McAleer added, “Our thanks also to Ken for his interim leadership at Yapta. His efforts significantly contributed to our successful launch of the FareIQ solution and expanding Yapta’s reach into the enterprise travel market.”
Filsinger is a travel industry executive with proven success in CEO, operating and business development roles within global startups and Fortune 500 companies. Most recently, Filsinger was CEO of EZYield.com, Inc., before orchestrating the sale of the company to TravelClick in November 2011. Since the acquisition, Filsinger had been retained by EZYield as General Manager with responsibility for the entire TravelClick channel management business. Earlier in his career, Filsinger was CEO and General Manager of Moneydirect, an international joint venture between Sabre Inc. (USA) and Amadeus IT (Spain) that processed over $2.5 billion in travel payment transactions annually. Prior to Moneydirect, Filsinger spent more than decade at Sabre Holdings where he served as VP of New Business Ventures, among other roles within the organization.
“Yapta has made excellent progress in penetrating the corporate travel space and building a healthy pipeline of early-adopters for FareIQ in just a short time,” Filsinger said. “Maintaining that momentum and building upon the company’s success is a key priority for me and the executive management team. I’m excited about the opportunity and I’m looking forward to working closely with the entire team to make it happen.”
Yapta is backed by a syndicate of investors, including Concur and Voyager Capital. The company was recently named a Finalist for Innovation of the Year by the Global Business Travel Association (GBTA) for its FareIQ technology.
Yapta helps travelers get the most value from their travel spending by providing easy-to-use tools, information and intelligence on air and hotel pricing. The company offers a range of travel price monitoring solutions that serve both the individual leisure and business traveler – as well as larger travel organizations. For more information, visit www.yapta.com.
FareIQ is the corporate travel industry’s only independent airfare price tracking solution. Developed by Yapta, pioneers in airfare price assurance for travelers, FareIQ helps companies reduce travel spend and extend their T&E budget by constantly tracking booked airfares and flagging lower rates when they become available. To learn more about FareIQ, visit www.GetFareIQ.com.