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{{COI|date=October 2012}}
{{Infobox company
{{Infobox company
| name = Sabre Corporation
| name = Sabre Corporation
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'''Sabre Corporation''' is a [[travel technology]] company based in [[Southlake, Texas]].<ref name="thestreet">{{cite web|url=http://www.thestreet.com/story/12673431/1/travelocity-owner-sabre-holdings-returns-to-wall-street-after-ipo.html|title=Travelocity Owner Sabre Holdings Returns to Wall Street After IPO|date=17 April 2014|author=Chris Ciaccia|accessdate=18 November 2014}}</ref><ref name="dallasbusinessjournal">{{cite web|url=http://www.bizjournals.com/dallas/news/2014/04/04/sabre-holdings-sets-ipo-valuation-at-up-to-4-1b.html|title=Sabre Holdings sets IPO valuation at up to $4.1B|date=4 April 2014|author=Lance Murray|accessdate=18 November 2014}}</ref><ref name="oracle">{{cite web|url=http://www.oracle.com/technetwork/issue-archive/2011/11-nov/o61databasecloud-511932.html|title=Flying High with a Private Database Cloud|author= David Baum|date=December 2014|accessdate=18 November 2014}}</ref> It is the largest global distribution systems provider for air bookings in North America.<ref name="reuters">{{cite web|url=http://www.reuters.com/article/2014/04/16/sabrecorp-ipo-idUSL3N0N856V20140416|title=Travelocity owner Sabre's IPO prices at $16 per share -underwriter|date=16 April 2014|accessdate=18 November 2014}}</ref> [[American Airlines]] founded the company in 1960 and was [[corporate spin-off|spun off]] in 2000.<ref name="bloomberg">{{cite web|url=http://www.bloomberg.com/news/2012-10-24/american-airlines-assails-sabre-in-data-business-trial.html|title=American Airlines Assails Sabre in Data-Business Trial|date=25 October 2012|accessdate=18 November 2014}}</ref> Texas Pacific Group and Silver Lake Partners acquired Sabre in 2007.<ref name="travelweekly">{{cite web|url=http://www.travelweekly.com/Travel-News/Travel-Technology/TPG-and-Silver-Lake-take-Sabre-private/|title=TPG and Silver Lake take Sabre private|date=9 April 2007|accessdate=18 November 2014}}</ref><ref name="tnooz">{{cite web|url=http://www.tnooz.com/article/sabre-holdings-switches-ceos/|title=Sabre Holdings switches CEOs, appointing Tom Klein|date=15 August 2013|accessdate=18 November 2014}}</ref>
'''Sabre Corporation''' is a [[travel technology]] company based in [[Southlake, Texas]].<ref name="thestreet">{{cite web|url=http://www.thestreet.com/story/12673431/1/travelocity-owner-sabre-holdings-returns-to-wall-street-after-ipo.html|title=Travelocity Owner Sabre Holdings Returns to Wall Street After IPO|date=17 April 2014|author=Chris Ciaccia|accessdate=18 November 2014}}</ref><ref name="dallasbusinessjournal">{{cite web|url=http://www.bizjournals.com/dallas/news/2014/04/04/sabre-holdings-sets-ipo-valuation-at-up-to-4-1b.html|title=Sabre Holdings sets IPO valuation at up to $4.1B|date=4 April 2014|author=Lance Murray|accessdate=18 November 2014}}</ref><ref name="oracle">{{cite web|url=http://www.oracle.com/technetwork/issue-archive/2011/11-nov/o61databasecloud-511932.html|title=Flying High with a Private Database Cloud|author= David Baum|date=December 2014|accessdate=18 November 2014}}</ref> It is the largest global distribution systems provider for air bookings in North America.<ref name="reuters">{{cite web|url=http://www.reuters.com/article/2014/04/16/sabrecorp-ipo-idUSL3N0N856V20140416|title=Travelocity owner Sabre's IPO prices at $16 per share -underwriter|date=16 April 2014|accessdate=18 November 2014}}</ref> [[American Airlines]] founded the company in 1960 and was [[corporate spin-off|spun off]] in 2000.<ref name="bloomberg">{{cite web|url=http://www.bloomberg.com/news/2012-10-24/american-airlines-assails-sabre-in-data-business-trial.html|title=American Airlines Assails Sabre in Data-Business Trial|date=25 October 2012|accessdate=18 November 2014}}</ref> Texas Pacific Group and Silver Lake Partners acquired Sabre in 2007.<ref name="travelweekly">{{cite web|url=http://www.travelweekly.com/Travel-News/Travel-Technology/TPG-and-Silver-Lake-take-Sabre-private/|title=TPG and Silver Lake take Sabre private|date=9 April 2007|accessdate=18 November 2014}}</ref><ref name="tnooz">{{cite web|url=http://www.tnooz.com/article/sabre-holdings-switches-ceos/|title=Sabre Holdings switches CEOs, appointing Tom Klein|date=15 August 2013|accessdate=18 November 2014}}</ref>


Sabre Hospitality Solutions, an IT solutions provider, is the company's largest growing division.<ref name=tnooz/>Sabre Corporation operates the online travel agency [[Travelocity]].<ref name=bloomberg/>
Sabre Hospitality Solutions, an IT solutions provider, is the company's largest growing division.<ref name=tnooz/> Sabre Corporation operates the online travel agency [[Travelocity]].<ref name=bloomberg/>

⚫
==History==
===Early history===
In 1953, C.R. Smith, the president of [[American Airlines]], met Blair Smith, an [[IBM]] salesman, on a flight and developed the Sabre (the Semi-Automatic Business Research Environment) concept.<ref name="wired">{{cite web|url=http://www.wired.com/2012/07/sabre/|title=Forget the Booze. The Mad Men’s Best Friend Was SABRE|date=27 July 2012|accessdate=18 November 2014}}</ref><ref name="computerworld">{{cite web|url=http://www.computerworld.com/article/2564361/it-project-management/sidebar--sabre-timeline.html|title=Sidebar: Sabre Timeline|accessdate=18 November 2014}}</ref> The system was based on [[AN/FSQ-7 Combat Direction Central|SAGE]], the first major system to use interactive real-time computing IBM developed for military use.<ref name=computerworld/> Sabre Corporation was founded in 1960 by [[American Airlines]].<ref name=bloomberg/><ref name="cbsnews">{{cite web|url=http://www.cbsnews.com/news/sabre-makes-the-wrong-choice-by-removing-american-airlines/|title=Sabre Makes the Wrong Choice By Removing American Airlines|date=7 January 2011|accessdate=18 November 2014}}</ref> Sabre Corporation installed the first Sabre reservation system in [[Briarcliff Manor, New York]] that year.<ref name=wired/> The system was comprised of two IBM 7090 mainframe computers and processed 84,000 calls per day.<ref name=wired/><ref name=computerworld/>

In 1964, Sabre's nationwide network was completed and became the largest commercial real-time data-processing system in the world.<ref name=computerworld/> Sabre Corporation handled 7500 passenger reservations per hour in 1965.<ref name=wired/> The Sabre system upgraded to IBM S/360 and moved to a new center in [[Tulsa, Oklahoma]] in 1972.<ref name="wavesofchange">{{cite book|last= McKenney|first=James L.|date=1 January 1995|title=Waves of Change: Business Evolution Through Information Technology}}</ref> In 1976, the Sabre system was installed into a travel agency for the first time.<ref name=cbsnews/> This allowed travel agents to have instant access to flights.<ref name=cbsnews/> By the end of the year, 130 locations installed the Sabre system.<ref name=computerworld/> Sabre introduced BargainFinder, the industry's first automated low-fare search capability, in 1984.<ref name="informationweek">{{cite web|url=http://www.informationweek.com/it-leadership/american-airlines-reveals-limits-of-world-class-it/d/d-id/1102482?|title=American Airlines Reveals Limits Of World-Class IT|date=26 January 2012|accessdate=18 November 2014}}</ref> The following year, easySabre was launched.<ref name="digitalworld">{{cite book|last1= Vervest|first1=Peter|last2=Dunn|first2=Al|date=2000|title=How to Win Customers in the Digital World: Total Action Or Fatal Inaction}}</ref> It gave consumers with personal computers access to the Sabre system to make airline, hotel and car rental reservations.<ref name=digitalworld/>

In 1996, the company launched [[Travelocity]], an online travel agency.<ref name="travelweekly2">{{cite web|url=http://www.travelweekly.com/travel-news/online-travel/travelocity-fights-to-regain-share/|title=Travelocity fights to regain market share|date=4 June 2012|author=Johanna Jainchill|accessdate=18 November 2014}}</ref> Sabre formed a joint venture with Abacus International in 1998 to create the SaberSonic passenger solution, a customized version of Saber's reservations system to Abacus subscribers in Asia.<ref name="travelweekly3">{{cite web|url=http://www.travelweekly.com/Travel-News/Travel-Technology/Sabre-Finalized-Abacus-Pact/|title=Sabre Finalized Abacus Pact|date=4 March 1998|author=Isae Wada|accessdate=18 November 2014}}</ref>

===2000s===
[[AMR Corporation]], the parent company of American Airlines, spun off its controlling stake in Sabre Corporation in 2000 to form an independent company.<ref name="thestreet2">{{cite web|url=http://www.thestreet.com/story/839840/1/amr-climbs-on-sabre-spinoff.html|title=AMR Climbs on Sabre Spinoff|date=14 December 1999|accessdate=18 November 2014}}</ref> The following year, Sabre began migrating its old mainframe for air travel shopping and pricing to HP NonStop and Linux servers.<ref name="computerworld2">{{cite web|url=http://www.computerworld.com/article/2565283/it-project-management/sabre-flies-to-open-systems.html|title=Sabre Flies to Open Systems|date=31 May 2004|author=Gary Anthes|accessdate=18 November 2014}}</ref> In 2005, the company acquired lastminute.com, an online travel and leisure retailer.<ref name="hotelnewsresource">{{cite web|url=http://www.hotelnewsresource.com/article17583.html|title=Sabre Holdings Completes Acquisition of lastminute.com|date=20 July 2005|accessdate=18 November 2014}}</ref>

Texas Pacific Group and Silver Lake Partners acquired Sabre Corporation in March 2007.<ref name=travelweekly/><ref name="nytimes">{{cite web|url=http://www.nytimes.com/2006/12/11/business/11sabre.html?_r=1&|title=Equity Firms in Talks to Buy Sabre Holdings|date=11 December 2006|accessdate=18 November 2014}}</ref><ref name="wsj">{{cite web|url=http://online.wsj.com/articles/SB116589968303947412|title=Silver Lake, Texas Pacific To Buy Sabre Holdings|date=12 December 2006|accessdate=18 November 2014}}</ref> In March 2010, the company acquired Calidris, a revenue integrity and business intelligence solutions company.<ref name="etbnews">{{cite web|url=http://asia.etbnews.com/28939/sabre-holdings-acquires-calidris-2/|title=Sabre Acquires Calidris|date=31 March 2010|accessdate=18 November 2014}}</ref> Sabre Corporation acquired SoftHotel, a web-based property management solutions provider, in June 2011.<ref name="hospitalitytechnology">{{cite web|url=http://hospitalitytechnology.edgl.com/news/Sabre-Holdings-Acquires-SoftHotel73983|title=Sabre Holdings Acquires SoftHotel|date=30 June 2011|accessdate=18 November 2014}}</ref> The company launched Sabre Red App Centre in March 2012.<ref name=tnooz/> In April 2014, Sabre Corporation went public on [[NASDAQ]] under the ticker symbol SABR.<ref name=dallasbusinessjournal/><ref name=reuters/> The IPO sold for $16 per share and valued Sabre at $3.93 billion.<ref name="marketrealist">{{cite web|url=http://marketrealist.com/2014/09/maverick-capital-establishes-position-sabre-corp/|title=Maverick Capital establishes position in Sabre Corporation|date=25 September 2014|author=Samantha Nielson|accessdate=18 November 2014}}</ref><ref name="venturebeat">{{cite web|url=http://venturebeat.com/2014/04/17/travelocity-owner-sabre-takes-flight-on-627m-ipo/|title=Travelocity owner Sabre takes flight on $627M IPO|date=17 April 2014|accessdate=18 November 2014}}</ref> The company acquired Genares, a hospitality technology company, that September.<ref name="eturbonews">{{cite web|url=http://www.eturbonews.com/50253/sabre-acquires-global-hospitality-technology-company|title=Sabre acquires global hospitality technology company|date=21 September 2014|accessdate=18 November 2014}}</ref>


==Brands==
==Brands==
Line 60: Line 73:
* ''Flight Explorer''
* ''Flight Explorer''
* ''f:wz flugwerkzeuge''
* ''f:wz flugwerkzeuge''

⚫
==History==
Sabre grew out of [[American Airlines]] and spun off with an [[Initial Public Offering|IPO]] on March 15, 2000. It now employs approximately 10,000 people in 60 countries.<ref name="hoovers"/> It is headquartered in [[Southlake, Texas]].

On December 12, 2006, private-equity firms [[Texas Pacific Group|TPG Capital]] and [[Silver Lake Partners]] announced a deal to buy Sabre Holdings Corp. for about $4.5 billion in cash, plus the assumption of $550 million in debt. Sabre joined its three primary GDS competitors, [[Galileo CRS|Galileo]], [[Amadeus IT Group|Amadeus]], and [[Worldspan]], as being privately owned.

On June 6, 2007, Sabre Holdings acquired Bethesda-based E-site Marketing, which specializes in online business applications for the hospitality industry.

On September 28, 2010, Sabre Holdings acquired Austrian Flight planning company f:wz aviation software GmbH.<ref>[http://phx.corporate-ir.net/phoenix.zhtml?c=73098&p=irol-newsArticle&ID=1475404&highlight= Sabre Holdings acquires flight planning company f:wz]</ref>


==References==
==References==
{{Reflist}}
{{Reflist|33em}}


==External links==
==External links==

Revision as of 01:20, 19 November 2014

Sabre Corporation
Company typePrivate
ISINUS78573M1045 Edit this on Wikidata
IndustryTravel technology
Travel services
Founded1960 (1960)
Headquarters
Southlake, Texas
,
United States
Key people
Tom Klein, CEO & President
Sam Gilliland, Chairman
Rick Simonson, CFO
ProductsTravelocity
GetThere
IgoUgo
lastminute.com
Sabre Airline Solutions
Sabre Travel Network
TRAMS, Inc.
RevenueUS$2.9 billion (2008)[1]
−928,470,000 ±10000 United States dollar (2021) Edit this on Wikidata
Total assets5,291,000,000 ±1000000 United States dollar (2021) Edit this on Wikidata
OwnerSilver Lake Partners
TPG Capital
Number of employees
10,000 (2008)[2]
Websitewww.sabre.com

Sabre Corporation is a travel technology company based in Southlake, Texas.[3][4][5] It is the largest global distribution systems provider for air bookings in North America.[6] American Airlines founded the company in 1960 and was spun off in 2000.[7] Texas Pacific Group and Silver Lake Partners acquired Sabre in 2007.[8][9]

Sabre Hospitality Solutions, an IT solutions provider, is the company's largest growing division.[9] Sabre Corporation operates the online travel agency Travelocity.[7]

History

Early history

In 1953, C.R. Smith, the president of American Airlines, met Blair Smith, an IBM salesman, on a flight and developed the Sabre (the Semi-Automatic Business Research Environment) concept.[10][11] The system was based on SAGE, the first major system to use interactive real-time computing IBM developed for military use.[11] Sabre Corporation was founded in 1960 by American Airlines.[7][12] Sabre Corporation installed the first Sabre reservation system in Briarcliff Manor, New York that year.[10] The system was comprised of two IBM 7090 mainframe computers and processed 84,000 calls per day.[10][11]

In 1964, Sabre's nationwide network was completed and became the largest commercial real-time data-processing system in the world.[11] Sabre Corporation handled 7500 passenger reservations per hour in 1965.[10] The Sabre system upgraded to IBM S/360 and moved to a new center in Tulsa, Oklahoma in 1972.[13] In 1976, the Sabre system was installed into a travel agency for the first time.[12] This allowed travel agents to have instant access to flights.[12] By the end of the year, 130 locations installed the Sabre system.[11] Sabre introduced BargainFinder, the industry's first automated low-fare search capability, in 1984.[14] The following year, easySabre was launched.[15] It gave consumers with personal computers access to the Sabre system to make airline, hotel and car rental reservations.[15]

In 1996, the company launched Travelocity, an online travel agency.[16] Sabre formed a joint venture with Abacus International in 1998 to create the SaberSonic passenger solution, a customized version of Saber's reservations system to Abacus subscribers in Asia.[17]

2000s

AMR Corporation, the parent company of American Airlines, spun off its controlling stake in Sabre Corporation in 2000 to form an independent company.[18] The following year, Sabre began migrating its old mainframe for air travel shopping and pricing to HP NonStop and Linux servers.[19] In 2005, the company acquired lastminute.com, an online travel and leisure retailer.[20]

Texas Pacific Group and Silver Lake Partners acquired Sabre Corporation in March 2007.[8][21][22] In March 2010, the company acquired Calidris, a revenue integrity and business intelligence solutions company.[23] Sabre Corporation acquired SoftHotel, a web-based property management solutions provider, in June 2011.[24] The company launched Sabre Red App Centre in March 2012.[9] In April 2014, Sabre Corporation went public on NASDAQ under the ticker symbol SABR.[4][6] The IPO sold for $16 per share and valued Sabre at $3.93 billion.[25][26] The company acquired Genares, a hospitality technology company, that September.[27]

Brands

  • Sabre Travel Network makes use of the Sabre global distribution system (GDS) to sell airline trips, hotel stays, car rentals, cruises, and tour packages through travel agencies and online travel agencies (OTAs).
  • Sabre Airline Solutions provides software and services to airlines and other travel providers.
  • Travelocity is Sabre's own online agency, selling travel products direct to travellers.
  • Sabre Hospitality Solutions provides a reservations system, marketing and distribution software, and Internet marketing and e-business solutions to hoteliers.

Other key Sabre Holdings brands include the following:

References

  1. ^ "TSG - Sabre Holdings 2008 Earnings Conference Call" (PDF). Thomson StreetEvents. Thomson Financial. 5 March 2009. p. 4. Retrieved 11 October 2009.
  2. ^ "Sabre Holdings Company Overview". Hoover's. 2009. Retrieved 11 October 2009.
  3. ^ Chris Ciaccia (17 April 2014). "Travelocity Owner Sabre Holdings Returns to Wall Street After IPO". Retrieved 18 November 2014.
  4. ^ a b Lance Murray (4 April 2014). "Sabre Holdings sets IPO valuation at up to $4.1B". Retrieved 18 November 2014.
  5. ^ David Baum (December 2014). "Flying High with a Private Database Cloud". Retrieved 18 November 2014.
  6. ^ a b "Travelocity owner Sabre's IPO prices at $16 per share -underwriter". 16 April 2014. Retrieved 18 November 2014.
  7. ^ a b c "American Airlines Assails Sabre in Data-Business Trial". 25 October 2012. Retrieved 18 November 2014.
  8. ^ a b "TPG and Silver Lake take Sabre private". 9 April 2007. Retrieved 18 November 2014.
  9. ^ a b c "Sabre Holdings switches CEOs, appointing Tom Klein". 15 August 2013. Retrieved 18 November 2014.
  10. ^ a b c d "Forget the Booze. The Mad Men's Best Friend Was SABRE". 27 July 2012. Retrieved 18 November 2014.
  11. ^ a b c d e "Sidebar: Sabre Timeline". Retrieved 18 November 2014.
  12. ^ a b c "Sabre Makes the Wrong Choice By Removing American Airlines". 7 January 2011. Retrieved 18 November 2014.
  13. ^ McKenney, James L. (1 January 1995). Waves of Change: Business Evolution Through Information Technology.
  14. ^ "American Airlines Reveals Limits Of World-Class IT". 26 January 2012. Retrieved 18 November 2014.
  15. ^ a b Vervest, Peter; Dunn, Al (2000). How to Win Customers in the Digital World: Total Action Or Fatal Inaction.
  16. ^ Johanna Jainchill (4 June 2012). "Travelocity fights to regain market share". Retrieved 18 November 2014.
  17. ^ Isae Wada (4 March 1998). "Sabre Finalized Abacus Pact". Retrieved 18 November 2014.
  18. ^ "AMR Climbs on Sabre Spinoff". 14 December 1999. Retrieved 18 November 2014.
  19. ^ Gary Anthes (31 May 2004). "Sabre Flies to Open Systems". Retrieved 18 November 2014.
  20. ^ "Sabre Holdings Completes Acquisition of lastminute.com". 20 July 2005. Retrieved 18 November 2014.
  21. ^ "Equity Firms in Talks to Buy Sabre Holdings". 11 December 2006. Retrieved 18 November 2014.
  22. ^ "Silver Lake, Texas Pacific To Buy Sabre Holdings". 12 December 2006. Retrieved 18 November 2014.
  23. ^ "Sabre Acquires Calidris". 31 March 2010. Retrieved 18 November 2014.
  24. ^ "Sabre Holdings Acquires SoftHotel". 30 June 2011. Retrieved 18 November 2014.
  25. ^ Samantha Nielson (25 September 2014). "Maverick Capital establishes position in Sabre Corporation". Retrieved 18 November 2014.
  26. ^ "Travelocity owner Sabre takes flight on $627M IPO". 17 April 2014. Retrieved 18 November 2014.
  27. ^ "Sabre acquires global hospitality technology company". 21 September 2014. Retrieved 18 November 2014.
  28. ^ http://sabrehotelrfp.com
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