Danbury, CT, 22 May 2006 - Cendant Mobility, a subsidiary of Cendant Corporation (NYSE: CD), today announced that it has officially changed its name to Cartus. The new name is derived from “carte” or “charta,” suggesting the art and technique of making maps (cartography) to plan or delineate one’s future.
“Our new name evokes reach, exploration, and growth,” said Kevin Kelleher, president and CEO of Cartus. “For 50 years we have been helping our clients chart new courses and navigate new worlds. We now begin a new era in our development—one without boundaries, one poised to serving our clients’ evolving needs in new ways.” Kelleher pointed to the vibrant colors of the new logo which reflect the energy and forward movement that is inherent in the company culture. The artwork represents the company’s worldwide reach and status of a dynamic leader in the industry.
The name change is the result of Cendant’s previously announced decision to spin off its four distinct business lines as stand-alone, publicly traded companies and to retire the Cendant name. Cartus is part of Cendant’s Real Estate Services Division, which will become Realogy Corporation. The Division’s name change will take effect upon the completion of its previously announced spin-off from Cendant, anticipated in June 2006.
Cartus’ broad base of worldwide clients includes over 60 percent of the Fortune 50 and numerous government agencies and affinity organizations. The company annually assists more than 100,000 transferring employees with moves into and out of more than 140 countries. Cartus has recently grown its operations hub in Singapore and simultaneously strengthened its presence in China through its office in Shanghai.
EDITOR’S NOTE: The new Cartus logo is available upon request.
Cartus Corporation is the premier provider of global mobility management and workforce development solutions serving the corporate, government and affinity markets. Through its industry-leading outsourcing, consulting, intercultural and language training, Cartus helps the mobile workforces of organizations of all sizes achieve success worldwide. With 50 years of experience, Cartus helps clients achieve cost reductions and enhances service performance to accomplish their organizational objectives. Cartus, formerly known as Cendant Mobility is part of Cendant’s Real Estate Services Division. The Division will become a standalone, publicly traded company upon the completion of its previously announced separation from Cendant Corporation, anticipated in June 2006. Visit www.cartus.com for more information.
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