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Travelguru to consolidate market leadership
A strategic alliance with application technology leader to revolutionize online travel

Mumbai, June 15th, 2006:- Travelguru, India's premier online travel portal has announced a technology partnership with Speech & Software Technologies (SST). As India's first online metasearch travel solutions company, Travelguru backed by Sequoia Capital Partners, further consolidated its market leadership by a continued focus on technological superiority through this strategic alliance with SST.

Headed by Ashwin Damera CEO & Co Founder, Travelguru’s unique feature lies in seamlessly integrated search with the actual ease of transaction based on search outcome on a real-time basis. SST will back Travelguru with its technology expertise.

"This partnership would bring together two well-regarded brands and two great teams to create the leading position in online travel," said Ashwin Damera, CEO of Travelguru, in a statement.

Travelguru’s partnership with SST comes at a time when the online travel business is booming. The Indian travel industry is expected to reach $40 billion by 2008.

Prakash Shukla, President, Speech & Software Technologies, said: “We are extremely happy to back Travelguru as we are confident that this strategic partnership will revolutionize the online travel booking experience. This relationship will enable us to offer Travelguru products to an ever increasing number of people world-wide. There are more people visiting these sites than ever before and with the increased tug-of-war between the direct suppliers and the third parties, this will increasingly favor the consumer.”

About Speech & Software Technologies
Speech & software Technologies provides technology solutions to leading telecom carriers and the hotel industry. It was founded in 1997 and is involved in the research and development of speech technologies including value-added products and services in the area of automatic speech recognition, computer telephony integration and internet-telephony convergence. For more information about Speech & Software Technologies please visit

About Travelguru
Travelguru is a pioneering travel solutions company that offers travellers the opportunity to plan and purchase their travel in a transparent, hassle-free, quick and smart way. Strategic partnerships and alliances with travel industry leaders give Travelguru the edge as an aggregator of travel services. Backed by next generation, real-time, metasearch technology, Travelguru throws up a wider range of travel options for domestic and outbound international travelers. Promoted by two Harvard Business School alumni with significant travel, technology and corporate experience and a team of experienced professionals from industries such as hospitality, travel & trade, financial services and E-commerce, Travelguru is set to redefine the way India travels. Travelguru can be found on the World Wide Web at or can be reached by calling the company’s customer support center, +91 - 22 - 4275 4878 (standard charges apply).