Ultitek has been providing Computerized Airline Reservations Systems software through its wholly owned subsidiary, and has serviced as many as nine million passengers of 60 different airlines in a single year.
Many of the reservations systems that have survived today were developed in the 70’s using mainframe technology, which used to be the cutting-edge of programming and equipment solutions. Although the systems are functional and reliable, their disadvantages are many including high costs, an outdated user interface, and difficulty in modifying them to correspond with new market conditions.
The company’s reservation system “Sirena-2.3” is the next generation solution built on an open platform that has been shown to multiply the productivity of programmers’ dozens of times compared to the era of mainframes. The system has been reserving seats and selling airline tickets on the Russian market for over a decade, and meets all the requirements of contemporary reservations systems.
Ultitek’s latest quarterly report revealed that revenues grew 85% compared to the same quarter last year. The CEO and Chairman, Roman Price, stated that he is very pleased with the growing revenue and that he looks forward to continued increases in the months to come. There is much potential for this company to meet its business objectives as it is led by an experienced management team.
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