Article: Cendant to Acquire Neat Group's Web-Based Dynamic Packaging Technology; Product to be Integrated Across Cendant Travel Distribution Assets, Providing Better Value for Consumers, Competitive Deals for Travel Agents, And Enhanced Distribution for Suppliers.

The Travel Distribution Services Division of Cendant Corporation today announced that it has signed a definitive agreement to acquire substantially all the assets of Neat Group, Inc., a leading developer and operator of innovative dynamic packaging technology for the travel industry. The transaction is not material to Cendant and is expected to close during the second quarter of 2003, subject to customary and other approvals. Financial terms were not disclosed.

Neat's dynamic packaging engine enables customers to build customized travel packages from a vast array of discounted air, car and hotel inventory through one simple search at one low price. A customer ...

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