Lanyon Acquires DirectConnections!
AUGUST 20, 2009 - Lanyon, Inc. (www.lanyon.com), the leading provider of hospitality content management and spend management solutions today announced it has acquired the assets of DirectConnections!, a provider of corporate spend management solutions based in Menlo Park, CA.
The acquisition includes DirectConnections! on demand spend management platform designed specifically to assist corporations in the sourcing and management of preferred hotel rates including a reverse auction alternative for corporations to source their transient room nights. The company has successfully delivered this comprehensive spend management solution to global corporations for over 10 years.
'We are pleased that DirectConnections! has joined Lanyon,' explained Todd E. Tyler, President & CEO of Lanyon. 'DirectConnections! corporate clients can take immediate advantage of Lanyon's multinational operations support and additional products and services that augment the DirectConnections! solution.'
As the world's largest online hospitality marketplace, Lanyon provides RFP and content management solutions to over 90,000 hotels and, spend management solutions to hundreds of corporations and agencies representing an annual demand for 95 million room nights with an economic value approaching $18 billion.
Lanyon's spend management solutions for corporations and agencies are the most complete and automated end-to-end solutions in the hospitality industry - from the sourcing of the preferred hotel rates (through the RFP or reverse auction process), the subsequent innovative audit of the availability and bookability of those negotiated rates, to robust benchmarking, compliance and savings reports.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
