i:FAO AG is a German developer of e-procurement software for the planning, booking and management of business travel. Its activities are structured into two units: Travel Technology and Travel Service. Its core product, cytric, allows business professionals to book flights and hotels, as well as manage other aspects of their business trip, directly from their computers. cytric is available in three levels: cytric ONE, cytric BUSINESS and cytric ENTERPRISE. In 2008, i:FAO AG launched cytric EXPENSE that offers online travel expense reporting according to legal regulations and ensures timeliness of electronic transactions. Flight and hotel options available to the business professionals are customized to conform to the client`s corporate policies. The Company`s operations are bundled into its wholly owned subsidiary, i:FAO Group GmbH. Its customers include corporations, midsize companies and governmental agencies in over 28 countries.