John Davis (entrepreneur)

Last updated

John Davis
John F. Davis III Headshot.jpg
Born
John F. Davis III

1953 (age 70–71)
NationalityAmerican
Other namesJohn F. Davis, John Davis III
Alma mater Texas Christian University
OccupationBusinessman
Known forFormer chairman and CEO of Pegasus Solutions Inc
Board member ofTRX Inc, Texas Christian University

John F. Davis III (born 1953) is an entrepreneur, educator, and a member of the Texas Christian University Board of Trustees. [1] [2] [3] He is a co-founder of 1-800-Flowers and a former CEO of Pegasus Solutions, Birch Street Systems and Room Key. [4] [5] [6]

Contents

Early life

Davis was born in Baton Rouge, Louisiana, where he attended Broadmoor High School. He is the oldest of five siblings. Davis graduated from Texas Christian University in Fort Worth, Texas with a bachelor's in business administration. [7] Following his graduation, Davis briefly became involved in politics, serving as U.S. Senator John Tower's campaign director during Tower's successful 1978 reelection bid. [7] Following his work on Tower's campaign, Davis ran for a seat in the Texas House of Representatives and lost a close race. [7]

Career

Davis' business career began in 1978, when he became president of Mid-South Drilling Co. [7] In 1982, he co-founded 1-800-FLOWERS, then a toll-free phone ordering system for the floral industry, with business partner Jim Poage. [5] He sold his stake in the company to James McCann in 1984. [4] [7]

Davis founded a telemarketing company, ATC Communications, in 1984. [7] [8] By the time he sold the business in 1989, ATC Communications had 1,200 employees. [7]

Pegasus Solutions (1989–2008)

In 1989, Davis was hired as president and CEO of the Hotel Switch Company (THISCO), which was a consortium of fifteen major hotel chains. [7] [9] At THISCO, Davis created a computer switch that linked the individual chains’ reservations with airline Global Distribution Systems. [7] His Pegasus Electronic Distribution Switch technology launched in 1989 and he began selling the technology to hotel chains outside of the consortium. [7]

In 1992, Davis led the formation of Hotel Clearing Corporation. [10] In 1994, Davis led the launch of TravelWeb, then an online travel and hotel catalogue. [7] In 1996, TravelWeb became the first website that allowed users to book hotel and airline reservations online. [6] [7]

THISCO and the Hotel Clearing Corporation were combined to form Pegasus Systems, Inc. in 1996. Davis was retained as president and CEO of Pegasus. In 1999, Hotel Clearing Corporation was renamed Pegasus Commission Processing and THISCO renamed Pegasus Electronic Distribution. [11]

Davis led Pegasus' acquisition of REZsolutions, a hotel marketing and reservation provider in 2000. In 2006, Prides Capital acquired Pegasus solutions for $275 million. [12] Davis retired from Pegasus in July 2008. [13] [14]

Birch Street Systems (2008–2010)

In November 2008, Davis became CEO of Birch Street Systems, an e-procurement and back office automation solutions provider. [6] He left Birch Street in 2010. [8]

Room Key

Davis was the founding CEO of Room Key until September 2014, a startup hotel metasearch engine. [15] [16] Room Key launched in January 2012 and is owned by Choices Hotels International, Hilton Worldwide, Hyatt Hotels Corporation, InterContinental Hotels Group, Marriott International, and Wyndham Worldwide or their respective affiliates. [15] [16]

Other activities

Davis has served as executive-in-residence at the Neeley School of Business at Texas Christian University since 2008. [17] He is also a member of Texas Christian University's board of trustees. [3]

He currently sits on the board of Birch Street and has served on TRX Inc.'s board of directors since 2000. [8] [18] Davis was appointed Honorary Consul of the Principality of Monaco in Dallas by Prince Rainier III on June 24, 2003. [19]

See also

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References

  1. ↑ "Global hotel brands join forces to launch Roomkey.com". VatorNews. Retrieved January 9, 2014.
  2. ↑ "Roomkey.com looks forward to 2nd year". Asian Hospitality. Archived from the original on March 6, 2016. Retrieved January 9, 2014.
  3. 1 2 "RoomKey.com's John Davis III". Travel Weekly. Retrieved January 9, 2014.
  4. 1 2 "Some Reservations". Forbes. Retrieved January 9, 2014.
  5. 1 2 "Love this business? Love it not". Dallas Morning News. Archived from the original on September 30, 2007. Retrieved January 9, 2014.
  6. 1 2 3 "John F. Davis III Named CEO at Hospitality "P2P" and Spend Management Innovator Birch Street Systems". Hotel Investment News. Archived from the original on January 16, 2014. Retrieved January 9, 2014.
  7. 1 2 3 4 5 6 7 8 9 10 11 12 "Room Service". Texas Monthly. March 2000.
  8. 1 2 3 "John F. Davis III". Flying Frogs Investment. Retrieved January 9, 2014.
  9. ↑ "PEGASUS SYSTEMS, INC". SEC. Retrieved January 9, 2014.
  10. ↑ Sara Perez Webber (January 1, 2001). "He Has the Solutions.(John F Davis, III of Pegasus Solutions)". Travel Agent.
  11. ↑ "Pegasus Renames To Solidify Brand". Leisure Travel News. March 8, 1999.
  12. ↑ "Prides Capital buys Pegasus". Breaking Travel News. Retrieved January 9, 2014.
  13. ↑ "Pegasus COO Takes Helm As CEO Steps Down". Business Travel News. Retrieved January 9, 2014.
  14. ↑ "John Davis says goodbye to Pegasus". Hotelmarketing. Retrieved January 9, 2014.
  15. 1 2 "IN TRANSIT; Hotels Band to Offer Their Own Search Site". The New York Times. Retrieved January 9, 2014.
  16. 1 2 "Meet Roomkey". The Economist. Retrieved January 9, 2014.
  17. ↑ "People on the Move". Dallas Business Journal. Retrieved January 9, 2014.
  18. ↑ "John F. Davis III". Bloomberg BusinessWeek. Retrieved January 9, 2014.[ dead link ]
  19. ↑ "CONSULAR NETWORK". Embassy of Monaco. Retrieved January 9, 2014.
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