CORRIGENDUM – For the press release submitted on May 9, 2011 for Grupo Posadas

Correction: CIGNEX helps Grupo Posadas reduce Website TCO by over 40%

Online PR News – 17-May-2011 – – In the published press release, “Title: CIGNEX helps Grupo Posadas reduce Website TCO by over 50%” was incorrectly reported. The correct TCO is over 40%. The error had somehow occurred due to a misprint and has been corrected in the versions of the article. The authors apologize for any inconvenience this may have caused. The correction conditions are highlighted in bold:

“CIGNEX helps Grupo Posadas reduce Website TCO by over 40%.”

“We were facing many challenges with our previous J2EE & Documentum based solution. We carried out a detailed evaluation process before selecting CIGNEX as our partner. CIGNEX rolled out an integrated solution using Alfresco and Liferay to help meet our three-pronged objectives of: (a) improving revenue per available room, (b) providing a fantastic web experience to our patrons, and (c) reducing the Total Cost of Ownership (TCO) of our web presence. The CIGNEX solution helps us deploy a collaborative, centralized ICMP across all 8 brands, while reducing TCO by over 40% in comparison to our previous solution”, shared Mr. Leopoldo Toro, Strategy & Innovation Director, Posadas.

About Grupo Posadas ( Grupo Posadas, with over 37 years in the hotel marketplace, is the leading Mexican hotel operator in Latin America. They manage 112 hotels and more than 19,850 rooms in 50 beach and city destinations across Mexico, US, Brazil, Argentina and Chile. In Mexico, they operate eight hotels including Aqua, Fiesta Americana Grand, Fiesta Americana, Lat 19°, Fiesta Inn and One Hotels. In South America, they operate Caesar Park and Caesar Business. Grupo Posadas has been listed on the Mexican Stock Exchange since 1992, with the ticker symbol POSADAS.

About CIGNEX ( CIGNEX Global Holding Corporation is the global leader in commercial Open Source & SAP Connect solutions for over 10 years providing solutions across web content management, portals & social collaboration, e-commerce, digital asset management, documents & records management, business process management, business intelligence, ERP & CRM and SOA. Headquartered in Santa Clara, CA with offices in Colorado, Florida, Michigan, Texas, New Jersey, United Kingdom, India, Singapore, Malaysia and Thailand and 400+ employees, CIGNEX has helped in improving client profitability by delivering commercial Open Source solutions to over 200 global customers.

For more information, please contact:

Jeronimo Legorreta
Head – Corporate Communications
Grupo Posadas

Amit Babaria
President – Americas (Open Source)

Contact Information
Amit Babaria
CIGNEX Global Holdings Pvt. Ltd.
2350 Mission College Boulevard, Suite 490
Santa Clara CA, 95054

+1 (408) 327-9900