John F. Davis III (b.1953) is a millionaire entrepreneur and is the former the chairman and CEO of Pegasus Solutions Inc. Davis is considered a visionary of hotel technology by many.
In growing Pegasus, Davis had to get participation from some of the world's largest hotel chains, many of which were arch rivals. His ability to get these companies to see beyond competitive issues, grasp how automation and technology could serve the industry as a whole was, observers say, paramount to Pegasus' initial success.
Pegasus followed this model again in successfully launching Hotel Clearing Corporation which has become the leading processor of travel agent and other commissions across hotel companies.
In 2000, he led Pegasus' acquisition of REZsolutions Inc., a marketing and reservation provider in the hotel industry. As a result of the acquisition, Pegasus grew from 150 employees to 1,500 employees in 11 countries.".
Pegasus went public in a very successful initial public offering (IPO) in 1998. The company positioned itself as an electronic commerce company and saw its valuation soar to several times the original offering price. The stock fell during the dotcom bust back close to the original IPO price. In 2007, the company was taken private by a Boston based private equity firm Prides Capital.
On June 11, 2008 Davis left Pegasus 'to pursue other opportunities', effective immediately.