Software specialist Anite has reported an increase in orders and a drop in revenues, income and margin in its travel unit during the year to end-April, with the overall performance in line with expectations.
During the year the travel unit made an adjusted operating profit of £5.6m (£9.5m in 2009) on revenues of £23m (£31.1m in 2009), giving it margins of 21% (31% in 2009). Orders however were ahead by 21% to £29m (£23.9m in 2009).
Anite’s core product is @comRes, which it claims is the “the only proven, large scale reservations system on the market.” More than 4m passengers were booked using the system, and its largest customer is Tui Travel. During the year Tui UK signed up for @comRes.
Tui currently uses Anite’s system to sell package holidays in Germany, Austria, Poland and Switzerland on a single platform.
During the year Anite also signed up Germany’s second-largest tour operator REWE and migrated a number of existing customers from its legacy ATOP system to @comRes.
Anite Travel says it intends to target new, medium-sized operators in Europe and North America, and has hinted that it would look for opportunities in emerging markets while also stepping up its effort to migrate legacy customers to its new system.
The company also plans to move to an annual licensing revenue model, arguing that this will reduce the initial cost to the customer while guaranteeing recurring revenues.