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WizCom to Provide Advanced Computer Reservation System for Budget Rent a Car Corporation

Strategic Insights

— 1 min read

WizCom International, Ltd. and Budget Rent a Car Corporation have signed a multi-year, multi-million dollar agreement, where WizCom will provide Budget with one of the most advanced computer reservation and rental management systems available today. WizCom, a wholly owned high-technology subsidiary of Avis, Inc., was founded in 1987 to develop and market advanced computer systems to the travel industry, and now processes reservations for more than 88 hotel companies around the world, as well as several other car rental companies, including Avis.

Key Takeaways:

  • WizCom, a subsidiary of Avis, Inc., will provide Budget with an advanced computer reservation and rental management system.
  • The system, which has been in development for over two years, will provide reservation and rental processing, connections to electronic reservations systems, fleet management, and revenue customer receivables and fleet accounting.
  • WizCom estimates that it will process a major portion of the electronic reservation transactions in the rent a car industry.
  • The system will operate in a separate environment within WizCom's data processing center, with Budget's data stored on separate disk storage devices.
  • The Budget system uses modern software technology and features equipment provided by IBM, Sun Microsystems, Apple Computer, EMC, Storagetek, Amdahl, among others.
  • Avis has long been known as a technology pacesetter in the rent a car industry, with its "Wizard" system introduced in 1972, which included more than 14,500 terminals on-line in 33 nations.
  • The Avis Wizard system processes 1.2 million transactions per day and 1.5 million credit authorizations per month, operating over 170,000 miles of communications lines.

Statistics:

  • The system has been in development for more than two years.
  • Avis has over 14,500 terminals on-line in 33 nations.
  • The Avis Wizard system processes 1.2 million transactions per day.
  • The system operates over 170,000 miles of communications lines.
  • WizCom processes reservations for over 88 hotel companies around the world.
  • WizCom employs more than 500 people, most located in Garden City, New York.
  • WizCom is expected to provide services worth more than $75,000,000 to the travel-related industry within the next year.

Sources:

  • WizCom International, Ltd. and Budget Rent a Car Corporation press announcement.
  • Demetria Mudar of Avis, 516-222-4611
  • CO: WizCom International, Ltd.; Budget Rent A Car Corporation ST: New York IN: TRN LEI CPR SU: CON TW-SH -- NY080 -- 4397 05/03/95 13:02 EDT

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