March 20, 2015
iAlbatros signed a EUR 135 million contract with GDF Suez
GDF Suez is one of the biggest energy companies in the world and intended to choose a technology which will ultimately be introduced in 70 countries and servicing over 200 thousand users.
The estimated value of the signed contract amounts to EUR 135 million, as the annual value of the planned business trips budget in GDF Suez ranges from EUR 27 to 30 million. The final value of iAlbatros revenue shall depend on the number and type of hotel reservations actually effected by the GDF Suez employees.
“We are proud of the fact that after the period of pilot tests GDF Suez has decided to establish cooperation with us. We have proven that thanks to the solutions applied in iAlbatros we are in a position to optimise hotels expenditure,” said Moncef Khanfir, President of iAlbatros SAS and Vice-President of the Management Board of SMT SA.
Established in 2011, iAlbatros is a company of the SMT SA capital group. iAlbatros introduces a technology of hotel reservations for businesses in the SaaS model and offers its clients a reservation system with access to a database of over 250 thousand hotels. The solutions applied in the system allow streamlining business trip management, monitoring expenses, as well as a significant reduction of costs related to organising business trips.
The company has recently informed about the signing a contract with the French company Technip with an estimated value of EUR 30 million. In 2014, it signed a record-breaking EUR 136 million contract to service French universities, a EUR 3 million agreement with the French travel agencies network Cap5 voyages and another EUR 3 million agreement with the Italian travel agency Conti Travel.go back