The formula
for success is apparent in Galileo’s new telecommunications subsidiary
Quantitude – an innovative approach to providing network services, a
unique value proposition, and strategies to aggressively grow its
revenues, according to James E. Barlett, chairman, president and CEO of
Galileo International, Inc. (NYSE: GLC). “We believe Quantitude has the
potential to generate revenue of $1 billion in the next three to five
years,” Barlett said. His remarks came today during a presentation at
the New York Stock Exchange where Quantitude’s management team
introduced the company to Wall Street analysts.
Quantitude’s revenue potential positions it to be a dominant player in
the telecommunications industry. When comparing Quantitude with other
telecommunications companies, you can clearly see its valuation
potential,” stated Quantitude Chairman James E. Lubinski. “However,
because Quantitude is a subsidiary of Galileo, its value might easily be
overlooked.”
In the past, companies have managed their own networks, but recent
industry research shows a dramatic shift toward companies outsourcing
the management of their network to network service providers. This
dramatic shift creates the very opportunity Quantitude is addressing
with its unique value proposition. “Quantitude offers one-stop shopping
for ‘next-generation’ communications and information networking. We are
poised to deliver these services on a global basis, with world-class
quality and efficiency,” stated Lubinski.
Quantitude’s management team is capitalizing on the gap between private
network providers and Internet virtual private networks or VPNs.
“Quantitude is well positioned to fill the gap and offer our TCP/IP
network with its fitness for purpose,” stated Ron Thornhill,
Quantitude’s president and CEO. “As we identify more and more companies
that are outsourcing network services, we believe the gap is as large as
the Grand Canyon. Quantitude is seizing this market opportunity.”
Quantitude is currently in discussions with more than 20 potential
customers, and in its short four-month life, has secured the following
four multi-national customers:
· Galileo International, Quantitude’s parent company, serving more than
40,000 endpoints in the travel industry in 107 countries;
· Kelly Services, the global provider of staffing services, connecting
its Canadian branch offices as well as additional services to include
locations in Europe, Australia and New Zealand;
· TeleTech Holdings, the leading global provider of e-commerce enabling
customer relationship management solutions, providing networking
solutions among TeleTech’s customer interaction centers in the Americas,
Europe and Asia; and
· IBM, providing telecommunications services for its e-business
initiative, IBM ConnectEdge for Airlines.
Earlier this week, Quantitude announced its planned purchase of regional
and city hub equipment to begin the construction of its global TCP/IP
network. The unique architecture of Quantitude’s network is enabling the
company to build a ‘carrier-class’ sized network.
About Quantitude
Quantitude, Inc. is a wholly owned telecommunications network services
subsidiary of Galileo International, launched in March 2000. Galileo
International is one of the world’s leading providers of electronic
global distribution services for the travel industry. Galileo provides
travel agencies, corporate travel managers and Internet users with the
ability to book travel by accessing schedule, availability and pricing
information. Quantitude is currently expanding and upgrading Galileo’s
private global network. The network will be upgraded to a standard
Internet Protocol platform (TCP/IP) to deliver global Internet, virtual
private network (VPN), and telecommunications network services to a
variety of customers both in the travel industry and beyond. Quantitude
is headquartered in Englewood, Colo., USA, near Galileo’s
state-of-the-art Data Center. Galileo International is headquartered in
Rosemont, Ill., USA, with offices worldwide. |