London, January 31st 2011
Lateral, a pan-European software development company with offices in London and Romania announced today that it has been appointed as technology solutions provider to Travelzoo Inc. (NASDAQ: TZOO).
Under the terms of the three-year deal, Ciprian Morar, Lateral’s founder and CEO, will also serve as Vice President, Innovation at Travelzoo reporting to Travelzoo’s CEO, Chris Loughlin. Travelzoo will also license from Lateral Explorra.com’s Travel Connect® platform to enhance its systems.
“We have worked with Lateral for the past six months on a number of technical innovations. We are impressed with Ciprian’s visionary technical leadership and his team’s talent; we look forward to continuing this relationship”, said Chris Loughlin, CEO of Travelzoo.
Commenting on his appointment Ciprian Morar said, “Travelzoo is a large, Internet media brand with very high quality standards and a tremendous appetite for growth. In the last six months, we’ve been impressed with the passion they have for their subscribers and their desire to lead the market. I am confident that our talented team, innovation and strong technical capability can assist Travelzoo as they continue to scale as a global leader.”
Lateral was founded in 2008 by Ciprian Morar. Mr. Morar was in the start-up team at Expedia in Europe and served at Expedia for over four years. LATERAL’s clients include Virgin Holidays, LexisNexis, SportingBet, Blacktomato, VisualDNA, Healix Group.
Travelzoo Inc. is a global Internet media company. With more than 21 million subscribers in North America, Europe, and Asia Pacific and 24 offices worldwide, Travelzoo® publishes deals from more than 2,000 travel and entertainment companies. Travelzoo’s deal experts research, evaluate and test offers to find the best deals and confirm their true value. In Asia Pacific, Travelzoo is independently owned and operated by Travelzoo (Asia) Ltd. and Travelzoo Japan K.K. under a license agreement with Travelzoo Inc.