Press Release: SignalTree Solutions Inc.
July 17, 2001
IRVINE, CA -- SignalTree Solutions Inc., a leading global IT outsourcing provider since 1982, announced yesterday
that it has signed a three-year, multi-million-dollar extension to its contract with Dallas, Texas-based La Quinta
Inns, Inc. a division of The La Quinta Companies (NYSE: LQI)
Under the terms of the contract, SignalTree Solutions will be providing IS applications systems services to La
Quinta's more than 300 hotel locations throughout the continental United States. In addition, SignalTree Solutions
will be enhancing La Quinta's current IS systems as well as developing new applications. For the past 15 months,
SignalTree Solutions has been providing IS support for the hotel chain's central reservation system. During that
time, SignalTree Solutions delivered improvements to the central reservation system that have led to improved synchronization
of room inventory as well as an overall increase in net bookings.
Behind SignalTree Solutions' success is its unique Global Sourcing Delivery Model, which enables the company to
deliver customized solutions to its clients by utilizing a combined team of technical professionals at the customer
location and at its technology centers in India. Furthermore, this model ensures that today's 24-hour business
operations can run at maximum efficiency and flexibility.
According to John Novak, Chief Information Officer of La Quinta Inns, ``We are very pleased to extend our contract
and relationship with SignalTree Solutions, a company that has provided us with exceptional technology services
for the past 15 months.''
Russ Cappellino, CEO of SignalTree Solutions, added, ``Strong, continuing relationships are a vital part of the
SignalTree Solutions business model as they amplify the value of our services and allow us to develop and deliver
new and innovative uses of technology. Whether in transportation, financial services, healthcare or hospitality,
our teams are strongly committed to working side-by-side with our customers to achieve their business goals.''
The La Quinta Inns lodging chain was SignalTree Solutions' entree into the hospitality market segment. The company
is already well-established in the healthcare, finance, insurance and transportation arena, and boasts such clients
as: CSX Technology, CountryWide Home Loans, Siemens Medical Systems, Nabisco and many others.
About La Quinta Inns, Inc.
Dallas-based La Quinta Inns, Inc. is owned by The La Quinta Companies (NYSE: LQI). La Quinta, a mid-scale limited-service
lodging company, owns, operates and franchises 229 Inns and 72 Inn & Suites in 29 states and has approximately
8,000 employees. For more information about La Quinta, please visit its website at www.laquinta.com
or for reservations at any La Quinta property, please call 1-800-531-5900.
About SignalTree Solutions
SignalTree Solutions is a leading provider of global sourcing IT solutions, primarily to the North American and
European markets. The company has more than 1000 technology consultants at six technology centers strategically
located in Los Angeles and Irvine, California; Chicago, Illinois; Jacksonville, Florida; and in Hyderabad and Delhi,
India. The offshore technology centers have attained the most prestigious level of organizational excellence, the
Software Engineering Institute's SW-CMM Level 5. SignalTree Solutions seeks to develop strategic relationships
with clients by customizing a global sourcing model that best meets the client's business and technology needs.
The company's ability to build trust and demonstrate reliability has resulted in a number of significant multi-year
outsourcing contracts and ongoing business from existing clients. For more information on SignalTree Solutions,
visit: www.signaltreesolutions.com.
For further information, please contact Kirsten Frosh of Meridian Communications Inc., +1-714-633-2033, kfrosh@socal.rr.com,
for SignalTree Solutions Inc.
SOURCE: SignalTree Solutions Inc.