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==Operations==
==Operations==
The company is based in [[Southlake, Texas]] and has additional offices in Boston, Krakow, Bangalore, Montevideo and Buenos Aires.<ref name=bloomberg/><ref name="sec">{{cite web|url=http://www.sec.gov/Archives/edgar/data/1597033/000119312514147819/d652688d424b4.htm|title=Sabre Corporation|accessdate=18 November 2014}}</ref> In December 2013, the company handled approximately 85000 data transactions every second for customers according to the ''[[Fort Worth Star-Telegram]]''.<ref name="startelegram">{{cite web|url=http://www.star-telegram.com/2013/12/05/5395324/think-of-sabre-holdings-as-a-data.html|title=Think of Sabre Holdings as a data company, CEO says|date=5 December 2013|accessdate=18 November 2014}}</ref> At the time, the company did business with 70 airlines and 100,000 hotels.<ref name=startelegram/> It operates under the platforms [[Sabre Travel Network|Travel Network]], Airline and Hospitality Solutions, and Travelocity.
The company is based in [[Southlake, Texas]] and has additional offices in Boston, Krakow, Bangalore, Montevideo and Buenos Aires.<ref name=bloomberg/><ref name="sec">{{cite web|url=http://www.sec.gov/Archives/edgar/data/1597033/000119312514147819/d652688d424b4.htm|title=Sabre Corporation|accessdate=18 November 2014}}</ref> In December 2013, the company handled approximately 85000 data transactions every second for customers according to the ''[[Fort Worth Star-Telegram]]''.<ref name="startelegram">{{cite web|url=http://www.star-telegram.com/2013/12/05/5395324/think-of-sabre-holdings-as-a-data.html|title=Think of Sabre Holdings as a data company, CEO says|date=5 December 2013|accessdate=18 November 2014}}</ref> At the time, the company did business with 70 airlines and 100,000 hotels.<ref name=startelegram/> It operates under the platforms [[Sabre Travel Network|Travel Network]], Airline and Hospitality Solutions.


==Businesses==
==Businesses==

Revision as of 18:13, 30 June 2015

Sabre Corporation
Company typePublic
Nasdaq: SABR
ISINUS78573M1045 Edit this on Wikidata
IndustryTravel technology
Travel services
Founded1960 (1960)
Headquarters
Southlake, Texas
,
United States
Key people
Tom Klein, CEO & President
Larry Kellner, Chairman
Rick Simonson, CFO
ProductsGetThere
IgoUgo
Sabre Airline Solutions
Sabre Travel Network
RevenueUS$3.2 billion
−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
Websitewww.sabre.com

Sabre Corporation is a travel technology company based in Southlake, Texas.[1][2][3] It is the largest Global Distribution Systems provider for air bookings in North America.[4] American Airlines founded the company in 1960 and was spun off in 2000.[5] Texas Pacific Group and Silver Lake Partners acquired Sabre in 2007.[6][7] Sabre began publicly trading on the NASDAQ in 2014.[2]

Sabre Hospitality Solutions, an IT solutions provider, is the company's largest growing division.[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.[8][9] The system was based on SAGE, the first major system to use interactive real-time computing IBM developed for military use.[9] Sabre Corporation was founded in 1960 by American Airlines.[5][10] Sabre Corporation installed the first Sabre reservation system in Briarcliff Manor, New York that year.[8] The system consisted of two IBM 7090 mainframe computers and processed 84,000 calls per day.[8][9]

In 1964, Sabre's nationwide network was completed and became the largest commercial real-time data-processing system in the world.[9] Sabre Corporation handled 7500 passenger reservations per hour in 1965.[8] The Sabre system upgraded to IBM S/360 and moved to a new center in Tulsa, Oklahoma in 1972.[11] In 1976, the Sabre system was installed into a travel agency for the first time.[10] This allowed travel agents to have instant access to flights.[10] By the end of the year, 130 locations installed the Sabre system.[9] Sabre introduced BargainFinder, the industry's first automated low-fare search capability, in 1984.[12] The following year, easySabre was launched.[13] It gave consumers with personal computers access to the Sabre system to make airline, hotel and car rental reservations.[13]

In 1996, the company launched Travelocity, an online travel agency.[14] 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.[15]

2000s

AMR Corporation, the parent company of American Airlines, spun off its controlling stake in Sabre Corporation in 2000 to form an independent company.[16] The following year, Sabre began migrating its old mainframe for air travel shopping and pricing to HP NonStop and Linux servers.[17] In 2005, the company acquired lastminute.com, an online travel and leisure retailer.[18]

Texas Pacific Group and Silver Lake Partners acquired Sabre Corporation in March 2007.[6][19][20] In March 2010, the company acquired Calidris, a revenue integrity and business intelligence solutions company.[21] Sabre Corporation acquired SoftHotel, a web-based property management solutions provider, in June 2011.[22] The company launched Sabre Red App Centre in March 2012.[7] In April 2014, Sabre Corporation went public on NASDAQ under the ticker symbol SABR.[2][4] The IPO sold for $16 per share and valued Sabre at $3.93 billion.[23][24] The company acquired Genares, a hospitality technology company, that September.[25]

In December 2014, Bravofly Rumbo Group acquired Sabre European Online Travel Agency, lastminute.com. In January 2015, Sabre sold Travelocity to Expedia, Inc. for $280 million.[26][27][28]

Operations

The company is based in Southlake, Texas and has additional offices in Boston, Krakow, Bangalore, Montevideo and Buenos Aires.[5][29] In December 2013, the company handled approximately 85000 data transactions every second for customers according to the Fort Worth Star-Telegram.[30] At the time, the company did business with 70 airlines and 100,000 hotels.[30] It operates under the platforms Travel Network, Airline and Hospitality Solutions.

Businesses

Acquisitions

  • Preview Travel (2000)[18]
  • Dillion Communication Systems (2000)[31]
  • Gradient Solutions (2000)[32]
  • GetThere (2000)[33]
  • Sabre Pacific (2001)
  • David R. Bornemann Associates (2001)[34]
  • Site59 (2001)[35]
  • Resfeber Scandinavia (2002)[36]
  • Kiehl Hendrickson Group (2002)[37]
  • axsResource Airport Resource Management Solutions (2003)[38]
  • World Choice Travel (2003)[39]
  • RM Rocade (2004)[40]
  • Showtickets.com (2004)[41]
  • SynXis Corporation (2004)[42]
  • Southwest Travel Systems (2005)[43]
  • IgoUgo.com (2005)[44]
  • Lastminute.com (2005)[45]
  • E-site Marketing (2007)[46]
  • Flight Explorer (2008)[47]
  • EB2 (2008) [48]
  • Calidris (2010) [49]
  • Flightline Data Services (2010) [50]
  • f:wz (2010)[51]
  • SoftHotel (2011)[52]
  • Prism (2012) [53]
  • Genares (2014) [54]

References

  1. ^ Chris Ciaccia (17 April 2014). "Travelocity Owner Sabre Holdings Returns to Wall Street After IPO". Retrieved 18 November 2014.
  2. ^ a b c Lance Murray (4 April 2014). "Sabre Holdings sets IPO valuation at up to $4.1B". Retrieved 18 November 2014.
  3. ^ David Baum (December 2014). "Flying High with a Private Database Cloud". Retrieved 18 November 2014.
  4. ^ a b "Travelocity owner Sabre's IPO prices at $16 per share -underwriter". 16 April 2014. Retrieved 18 November 2014.
  5. ^ a b c "American Airlines Assails Sabre in Data-Business Trial". 25 October 2012. Retrieved 18 November 2014.
  6. ^ a b "TPG and Silver Lake take Sabre private". 9 April 2007. Retrieved 18 November 2014.
  7. ^ a b c "Sabre Holdings switches CEOs, appointing Tom Klein". 15 August 2013. Retrieved 18 November 2014.
  8. ^ a b c d "Forget the Booze. The Mad Men's Best Friend Was SABRE". 27 July 2012. Retrieved 18 November 2014.
  9. ^ a b c d e "Sidebar: Sabre Timeline". Retrieved 18 November 2014.
  10. ^ a b c "Sabre Makes the Wrong Choice By Removing American Airlines". 7 January 2011. Retrieved 18 November 2014.
  11. ^ McKenney, James L. (1 January 1995). Waves of Change: Business Evolution Through Information Technology.
  12. ^ "American Airlines Reveals Limits Of World-Class IT". 26 January 2012. Retrieved 18 November 2014.
  13. ^ a b Vervest, Peter; Dunn, Al (2000). How to Win Customers in the Digital World: Total Action Or Fatal Inaction.
  14. ^ Johanna Jainchill (4 June 2012). "Travelocity fights to regain market share". Retrieved 18 November 2014.
  15. ^ Isae Wada (4 March 1998). "Sabre Finalized Abacus Pact". Retrieved 18 November 2014.
  16. ^ "AMR Climbs on Sabre Spinoff". 14 December 1999. Retrieved 18 November 2014.
  17. ^ Gary Anthes (31 May 2004). "Sabre Flies to Open Systems". Retrieved 18 November 2014.
  18. ^ a b "Sabre Holdings Completes Acquisition of lastminute.com". 20 July 2005. Retrieved 18 November 2014.
  19. ^ "Equity Firms in Talks to Buy Sabre Holdings". 11 December 2006. Retrieved 18 November 2014.
  20. ^ "Silver Lake, Texas Pacific To Buy Sabre Holdings". 12 December 2006. Retrieved 18 November 2014.
  21. ^ "Sabre Acquires Calidris". 31 March 2010. Retrieved 18 November 2014.
  22. ^ "Sabre Holdings Acquires SoftHotel". 30 June 2011. Retrieved 18 November 2014.
  23. ^ Samantha Nielson (25 September 2014). "Maverick Capital establishes position in Sabre Corporation". Retrieved 18 November 2014.
  24. ^ "Travelocity owner Sabre takes flight on $627M IPO". 17 April 2014. Retrieved 18 November 2014.
  25. ^ "Sabre acquires global hospitality technology company". 21 September 2014. Retrieved 18 November 2014.
  26. ^ Expedia Inc acquires Travelocity in $280 million deal. Reuters, 26 January 2015
  27. ^ Robinson-Jacobs, Karen (23 January 2015). "Sabre sells Travelocity to Expedia for $280 million". Dallas Morning News. Retrieved 27 January 2015.
  28. ^ "Expedia Buys Booking Site Travelocity for $280M in Cash". ABC News. 23 January 2015. Retrieved 27 January 2015.
  29. ^ "Sabre Corporation". Retrieved 18 November 2014.
  30. ^ a b "Think of Sabre Holdings as a data company, CEO says". 5 December 2013. Retrieved 18 November 2014.
  31. ^ "Sabre acquires stake in German CRS". 11 July 2000. Retrieved 18 November 2014.
  32. ^ "E-Business: Sabre acquires Dublin-based Gradient Solutions". 17 August 2000. Retrieved 18 November 2014.
  33. ^ "Sabre buys GetThere for $757 million, announces layoffs". 29 August 2000. Retrieved 18 November 2014.
  34. ^ "Sabre Acquires Software Developer". Retrieved 18 November 2014.
  35. ^ "Travelocity.com Buys Site59 for $43 Million". 26 March 2002. Retrieved 18 November 2014.
  36. ^ "Resfeber switches to Sabre Travel Network, citing customer service and technology". Retrieved 18 November 2014.
  37. ^ "Sabre buys Kiehl Hendrickson Group". 4 November 2002. Retrieved 18 November 2014.
  38. ^ "Sabre Acquires EDS Axresource Product Line". Retrieved 18 November 2014.
  39. ^ "Travelocity to Acquire World Choice Travel Assets". 22 October 2013. Retrieved 18 November 2014.
  40. ^ "Sabre Airline Solutions Expands International Presence". 16 August 2004. Retrieved 18 November 2014.
  41. ^ "Travelocity Acquires Allstate Ticketing And Its Showtickets.com Website". 31 August 2004. Retrieved 18 November 2014.
  42. ^ "SynXis to Be Bought for $40 Million". 10 December 2004. Retrieved 18 November 2014.
  43. ^ "Nexion adds 60-member host agency to network". 19 January 2005. Retrieved 18 November 2014.
  44. ^ "Acquisition Gives Sabre Access To Online Search Revenue". 6 April 2005. Retrieved 18 November 2014.
  45. ^ "Travelocity buys Lastminute.com for £577m". 12 May 2005. Retrieved 18 November 2014.
  46. ^ "(BW) Sabre Holdings Acquires E-site Marketing to Build on Comprehensive Hospitality Offerings". 5 June 2007. Retrieved 18 November 2014.
  47. ^ "Sabre acquires Flight Explorer". Retrieved 18 November 2014.
  48. ^ "Sabre acquires EB2". 19 December 2008. Retrieved 18 November 2014.
  49. ^ "Calidris to become part of Sabre Airline Solutions". 31 March 2010. Retrieved 18 November 2014.
  50. ^ "Sabre Holdings buys Flightline Data Services". 8 July 2010. Retrieved 18 November 2014.
  51. ^ "Sabre buys flight planning technology provider f:wz". Retrieved 18 November 2014.
  52. ^ "Sabre Holdings acquires SoftHotel". 29 June 2011. Retrieved 18 November 2014.
  53. ^ "Sabre buys airline information service Prism, probably the big acquisition disclosed in secret docs". Retrieved 18 November 2014.
  54. ^ "Sabre Acquires Hotel-Tech Provider Genares as Competition Heats Up". 12 September 2014. Retrieved 18 November 2014.
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