Avis Rent A Car System is a car rental company that provides business and leisure customers with a range of services at more than 2,000 locations in the United States, Canada, Australia, New Zealand, Latin America and the Caribbean. The company is part of Avis Budget Group, formerly Cendant Corporation. Avis Budget Group has marketing agreements with Avis Europe, a separately owned UK-based company owning or franchising an additional 2,900 Avis locations in Europe, Africa, the Middle East and Asia. Founded in 1946, Avis Rent A Car System owns rental fleet of more than 425,000 vehicles and has completed over 28 million vehicle rental transactions worldwide in 2007. It also offers a variety of promotions and programs for individual and business customers. Headquartered in Parsippany, N.J., the company employs more than 14,000 people worldwide. Avis Rent A Car System maintains several locations in Houston.