Online hotel distributor SiteMinder has been named as the most rapidly expanding software business in Australia.
The Deloitte Technology Fast 500 Asia Pacific Awards for 2010 ranked the company at number 68 of the 500 fastest growing technology companies in the region based on revenue performance over the past three years.
SiteMinder, an online channel manager which links hotels with reservation websites around the world, was recorded as achieving a 478% growth in revenue over the past two years – well above the 374% average growth for the entire list of 500 companies.
It was the highest ranking Australian company on the ‘Fast 500’ list under the software category.
Managing director Mike Ford said: “Since our launch four years ago, we have markedly expanded the number of connections between hotels and online travel agencies, boosting revenue for our accommodation clients.
“Our ‘BookingButton’ platform has also become very popular with hotels seeking to boost direct bookings on their own websites, giving our customers the optimum reach through both direct and indirect online channels.
“From our base in Australia, we have expanded operations internationally in markets such as the UK, Europe, New Zealand, Pacific Islands, Asia and the US. We have more exciting new products, connections and upgrades planned for 2011.”
SiteMinder’s internet-based software enables hotels sell rooms on accommodation booking sites including Expedia, Booking.com, Wotif and Agoda.