Sabre Corporation

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Sabre Corporation
Public
Traded as NASDAQ: SABR
Industry Travel technology
Travel services
Founded 1960 (1960)
Headquarters Southlake, Texas, United States
Key people
 Tom Klein, CEO & President
Larry Kellner, Chairman
Rick Simonson, CFO
Products TripCase
GetThere
Sabre Airline Solutions
Sabre Travel Network
Sabre Hospitality Solutions
Revenue US$3.2 billion
Website www.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 its Travelocity brand to Expedia, Inc. for $280 million.[26][27][28] In July 2015, Sabre acquired Abacus International, a global distribution system based in the Asia-Pacific region. The deal included long-term distribution agreements between Sabre and the 11 Asian airlines that previously shared ownership of Abacus.[29]

Operations

The company is based in Southlake, Texas and has additional offices in Boston, Kraków, Bangalore, Montevideo and Buenos Aires.[5][30] In December 2013, the company handled approximately 85000 data transactions every second for customers according to the Fort Worth Star-Telegram.[31] At the time, the company did business with 70 airlines and 100,000 hotels.[31] It operates under the platforms Travel Network, Airline and Hospitality Solutions.

Businesses

Acquisitions

  • Preview Travel (2000)[18]
  • Dillion Communication Systems (2000)[32]
  • Gradient Solutions (2000)[33]
  • GetThere (2000)[34]
  • Sabre Pacific (2001)
  • Nexion Inc. (2003)[35]
  • David R. Bornemann Associates (2001)[36]
  • Site59 (2001)[37]
  • Resfeber Scandinavia (2002)[38]
  • Kiehl Hendrickson Group (2002)[39]
  • axsResource Airport Resource Management Solutions (2003)[40]
  • World Choice Travel (2003)[41]
  • RM Rocade (2004)[42]
  • Showtickets.com (2004)[43]
  • SynXis Corporation (2004)[44]
  • Southwest Travel Systems (2005)[45]
  • IgoUgo.com (2005)[46]
  • Lastminute.com (2005)[47]
  • E-site Marketing (2007)[48]
  • Flight Explorer (2008)[49]
  • EB2 (2008) [50]
  • Calidris (2010) [51]
  • Flightline Data Services (2010) [52]
  • f:wz (2010)[53]
  • SoftHotel (2011)[54]
  • Prism (2012) [55]
  • Genares (2014) [56]
  • Abacus International (2015)
  • Trust International (2015)[57]

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 2.2 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 5.2 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ 6.0 6.1 Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 7.2 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 8.2 8.3 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ 9.0 9.1 9.2 9.3 9.4 Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ 10.0 10.1 10.2 Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ 13.0 13.1 Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ 18.0 18.1 Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  24. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  25. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  26. ↑ Expedia Inc acquires Travelocity in $280 million deal. Reuters, 26 January 2015
  27. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  28. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  29. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  30. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  31. ↑ 31.0 31.1 Lua error in package.lua at line 80: module 'strict' not found.
  32. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  33. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  34. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  35. ↑ http://www.travelweekly.com/Travel-News/Travel-Agent-Issues/Nexion-adds-60-member-host-agency-to-network/
  36. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  37. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  38. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  39. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  40. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  41. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  42. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  43. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  44. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  45. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  46. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  47. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  48. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  49. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  50. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  51. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  52. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  53. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  54. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  55. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  56. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  57. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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