PlanSoft® Corporation and seeUthere® Technologies announced the merger of the two companies to create OnVantage, Inc.

OnVantage consolidates the buying power of over 400 of the Fortune 500 companies and thousands of additional corporations and associations. Each buyer will have access to a vast network of over 40,000 hotel properties and 30,000 meeting suppliers in North America, Europe, and Asia. The combination creates a new marketplace — the OnVantage Marketplace for Meetings™.

"OnVantage represents a synergistic merger of equals,” said David Hunt, chairman and chief executive officer of PlanSoft. “Both seeUthere and PlanSoft have been successful on their own, with each company growing quarter over quarter and year over year. The power of that union makes OnVantage a formidable player in the space." David Hunt will continue as chairman of OnVantage.

Bringing together an extensive vendor network and spend management solution for meetings and events, OnVantage will improve transaction efficiencies through better information and visibility for both buyers and suppliers. The OnVantage product set will offer online tools and offline services to support each step of the procurement process.

"By uniting corporate buyers and meeting suppliers, OnVantage will make it easier for everyone to do business,” explained John Chang, chief executive officer and president of seeUthere. “Buyers will gain greater access to information about meeting suppliers and hotels and meeting suppliers will reach quality corporate clients.” John Chang will lead OnVantage as the company's chief executive officer.