Serko & ATPI Group sign Binding Strategic Alliance Agreemen

MARKET RELEASE
27 February 2018

Serko & ATPI Group Sign Binding Strategic Alliance
Agreement


Auckland, New Zealand. 27
th
February 2018 – Serko Ltd. (SKO.NZ), a leader in online
travel booking and expense management for business, today announced with ATPI
Group that it has finalised a binding strategic alliance agreement, following entry into a
Memorandum of Understanding announced in November.

The agreement is significant to Serko’s global expansion strategy and will see Zeno,
Serko’s premium travel and expense platform, rollout globally across the ATPI Group.

Under the terms of the agreement, ATPI is licensed to offer Serko’s Zeno technology to
new and existing customers in more than 50 countries across Australasia, UK, Europe,
North America, Africa and Asia for the next five years. The first customer site, in the UK,
is scheduled to be implemented in mid-2018.

The deal between Serko and ATPI will have no material impact on revenue in the current
financial year ended 31 March 2018 (FY18). Serko will receive an annual license fee as
well as transactional booking fees over the five-year contract period which are
underpinned by minimum revenue commitments stipulated in the Agreement that
increase over the 5 year period. License revenue is expected to accrue in FY19 once in-
market development is completed and is paid annually at the end of the period. Serko
expects to issue guidance on Serko’s expected revenue for FY19 at the release of the
FY18 result.


Ends



Investor Relations enquiries

Susan Putt
Chief Financial Officer
Email: investorrelations@serko.com
Phone: +64 9 309 4754

About Serko

Serko is the leading online travel and expense management solution provider in
Australasia, used by over 6,000 corporate entities and Travel Management Companies.

Zeno is Serko’s next generation travel management application, using intelligent
technology, predictive workflows and a global travel marketplace to transform business
travel across the entire journey.

Listed on the New Zealand Stock Exchange Main Board (NZX:SKO). Serko employs
more than 100 people worldwide, with its HQ in New Zealand, and offices across
Australia, China, India and the U.S.


Visit: www.serko.com for more information.

About ATPI

ATPI Group has a network of over 100 offices worldwide and is a global leader in travel
management for corporate, shipping and energy businesses, sports and corporate event
management and online travel technology.

For more information please visit www.atpi.com