DANBURY, Conn., (Feb. 23, 2006) - Cendant Mobility, a subsidiary of Cendant Corporation (NYSE: CD), today announced the new name under which it will operate - CartusSM. 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.
"This new name, ´Cartus,´ captures the essence of who we are," said Kevin Kelleher, president and CEO of Cendant Mobility, who will serve as president and CEO of Cartus. "For 50 years we have been helping our clients chart new courses and navigate new worlds. The name reflects our global reach and resources."
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. The vibrant colors of the new logo reflect the energy and forward movement that is inherent in the company culture. The globe artwork reinforces the company´s international leadership as it works with its clients to chart new courses, expand boundaries and explore new cultures.
Cendant Mobility has over 1,300 active clients worldwide, including 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 than130 countries.
Cendant Mobility is part of Cendant´s Real Estate Services Division, which earlier today announced its own new name, Realogy Corporation (pronounced REEL-uh-JEE, as in "real" estate). The Division´s name change will take effect upon the completion of its previously announced spin-off from Cendant Corporation, anticipated in the second quarter of 2006. Cendant Mobility will begin operating under its new name by the time the Division completes its spin-off.
About Cendant Mobility
Cendant Mobility is the premier provider of global mobility management and workforce development solutions serving the corporate, military, government, and affinity markets. Through its industry-leading outsourcing, consulting, language and intercultural training, logistical support, and supplier management, Cendant Mobility helps the mobile workforces of organizations of all sizes achieve success worldwide. With 50 years of experience, Cendant Mobility helps clients achieve cost reductions and enhances service performance to accomplish their organizational objectives. Cendant Mobility is part of Cendant Corporation´s Real Estate Services Division. Visit www.cendantmobility.com for more information.