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Overview of the Corporations History
Announcement according to WpHG/WpÜG

1977

Founded as FAO Travel GmbH, ten years active as travel agency with a focus on the entertainment industry

1987

The company becomes a business travel vendor

1987

First travel agency with a corporate hotel program

1988

First travel agency with online booking capability for hotel reservations

1989

First travel agency with a preferred rate hotel program for corporations

1990

Founding member of Woodside Travel Trust (Today more than 5.500 offices in 82 countries with a total sales volume of 19.6 billion US Dollars)

1990

First travel agency with online booking capability using ISDN

1991

First travel agency with a travel management concept

1991

First business travel agency with automatic hotel availability display via fax

1992

First business travel agency with fee based travel management

1992

First business travel vendor with hotel program on disk (FAO Disk)

1992

First business travel vendor with management reports based on segment coupons (Advantage Reports)

1993

First business travel vendor with management reports inclusive of cost savings (Advantage Reports)

1994

The company starts a restructuring to become a technolgy vendor

1994

First company in our industry with certified quality management system according to DIN EN ISO 9001

1994

First business travel vendor with quality assurance software for Amadeus reservations (Advantage Commander)

1994

First business travel vendor with hotel program software for Windows (FAO Disk)

1995

First travel agency and first business travel vendor on the Internet

1996

First travel agency and first business travel vendor with an online booking system on the Internet

1996

First business travel solution provider with Amadeus based Internet Booking Engine (IBE)

1997

First business travel solution provider with Amadeus Internet Booking Engine for air, hotels and car (IBE:TMS©)

1997

First business travel solution provider with Amadeus Internet Booking Engine including a travel management system (IBE:TMS©)

1997

First travel solution provider with review site for touristic vendors on the Internet (Reiseservice.de)

1997

First travel solution provider with separate web site for business and leisure travel (Internet-Reisebuero.de und business-class.de)

1997

First electronic travel solution provider with Internet Booking Engine for hotels in twelve different languages (Vizion.net)

1997

Venture Capital through the 3i Group (England)

1998

Relaunch of the eHotel Service (Book Business Hotels Better)

1998

The company becomes i:FAO Aktiengesellschaft

1998

Venture Capital through CEA Interactive (USA, Deutschland)

1998

Positioning of the company as Internet Travel Solutions

1998

Market launch of the IBE:TMS© product

1999

"The Customer Comes First" i:FAO's quality management system is certified again according to DIN EN ISO 9001

1999

Initial Public Offering at Neuer Markt of the Frankfurt Stock Exchange

1999

Launch of cabana® - the travel community

1999

Founding of i:FAO of North America, Inc.

1999

Purchase of 11,46% of the American Internet travel agency TRIP.com

1999

Founding of i:FAO Bulgaria EOOD

2000

Sale of the TRIP.com shares with substantial profit

2000

Our core product IBE:TMS becomes cytric

2000

Change to registered shares, new exchange code (WKN) 622452

2000

Acquisition of QuixData Systems Inc., San Ramon, California, USA

2000

Investment in the US-based i-tinerary Travel Solutions

2000

Merger of the separated eHotel Service with bedhunter.com GmbH into the new eHotel AG

2000

Merger of QuixData Systems, Inc. into i:FAO of North America, Inc.

2000

The Company moves into a new Headquarter Office in Frankfurt am Main

2000

Spin-off of the cabana Travel Community into the new cabana GmbH

2001

Acquisition of Iconomic System SA, Morges, Switzerland

2001

Acquisition of powertrip Division from X-tra On-Line Corporation, Inc

2001

Start of the cytric Certified Expert Program

2001

cytric Operations Center in Phoenix

2001

First presentation of the revolutionary reality technology

2001

i-tinerary Travel Solutions was liquidated because of adverse market conditions

2002

cabana GmbH went into insolvency

2002

i:FAO presents new cytric v7, based on Java technology

2002

By July, i:FAO offers the broadest range of business travel eProcurement solutions including cytric, powertrip, reality and their Add-On's like Enterprise Edition and TwinView(tm) Technology

2002

i:FAO sells all shares in eHotel AG

2003

Change into the "geregelter Markt", General Standard

2003

i:FAO presents cytric v7 Version 2

2003

i:FAO divests of powertrip Unit

2003

i:FAO presents cytric v7 Version 3

2004

i:FAO presents cytric v7 Version 4

2004

i:FAO moves operational business into i:FAO Group GmbH

2005

i:FAO presents cytric v7 Version 5

2006

i:FAO presents cytric v7 Version 6

2007

i:FAO presents cytric v7 Version 7

2008

i:FAO purchases IMG Information Management Gesellschaft mbH, Hannover

2008

i:FAO launches the new cytric generation, cytric g8 into the market

2008

i:FAO integrates IMG Information Management Gesellschaft mbH by merger into the i:FAO Group GmbH

2008

i:FAO opens new Competence Center Expense Solutions in Hannover