Sabre
Investments
5Portfolio Exits
4Partners & Customers
10About Sabre
Sabre is a leading technology provider to the global travel industry. The company's software, data, mobile, and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations. It's brands include Sabre Travel Network, Sabre Airtime Solutions, Sabre Hospitality Solutions and Travelocity.
Sabre Headquarter Location
3150 Sabre Drive Suite 8502
Southlake, Texas, 76092,
United States
+1 682 605 1000
Sabre Web Traffic
Sabre Rank
Latest Sabre News
May 11, 2022
Nuvolas dynamic hotel task management and operational capabilities will enable Sabres innovative vision for the future of hospitality retailing SOUTHLAKE, Texas – WEBWIRE – Tuesday, May 10, 2022 Sabre Corporation ( NASDAQ: SABR ), a leading software and technology provider powering the global travel industry, today announced its acquisition of Nuvola, a prominent provider of hotel service optimization and guest engagement software to hoteliers worldwide. The transaction includes Nuvola technology and guest enablement software as well as the integration of Nuvola employees to Sabre. Terms of the agreement were not released. Leveraging the Nuvola solutions, Sabre expects to advance its hospitality retailing and merchandising strategy while also broadening its property and operations abilities. The Nuvola capabilities will help address the on-property fulfillment challenges that are created when hoteliers offer an expanded variety of ancillaries and attributes. Solving this critical need will empower hoteliers to broaden their offerings through Sabres comprehensive retailing, merchandising and fulfillment capabilities. Our vision for the future of hospitality retailing goes beyond the industrys current focus on selling the room along with a limited set of ancillaries, said Scott Wilson, president of Sabre Hospitality Solutions. Hoteliers today need new retailing strategies and solutions to help them deliver memorable, meaningful experiences for guests. Leveraging Nuvolas capabilities will help us deliver the last mile in the retailing process, enabling our customers to create and, most importantly, fulfill differentiated guest experiences. Created by hoteliers who have a first-hand understanding of select-service, full-service, and resort-style property processes, Nuvola equips hotels with intuitive and scalable cloud-based solutions including task management capabilities, guest messaging and concierge services, and advanced housekeeping management solutions. Together, we will be able to deliver increased benefit to hoteliers not just in the operations space but in retailing as well, said Juan Carlos Abello, founder and CEO of Nuvola. The current standalone Nuvola offerings will continue to enhance on-property efficiencies for hoteliers. More importantly, integrating Nuvola capabilities into Sabres existing retailing and property management solutions will unlock new opportunities for hoteliers to deliver a differentiated, seamless guest experience. Through this acquisition, Sabre Hospitality is enhancing its retailing and operations portfolio to help ensure its hotel customers are able to differentiate themselves and seamlessly care for their guests. About Sabre Corporation Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabres technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com . Forward-Looking Statements Certain statements herein are forward-looking statements about trends, future events, uncertainties and Sabres plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as expect, goal, outlook, opportunity, target, future, vision, believe, trend, plan, guidance, anticipate, will, forecast, continue, strategy, estimate, project, may, should, would, intend, potential, or the negative of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Sabres actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. The potential risks and uncertainties include, among others, the severity, extent and duration of the global COVID-19 pandemic and its impact on Sabres business and results of operations, financial condition and credit ratings, as well as on the travel industry and consumer spending more broadly, the actions taken to contain the disease or treat its impact, the effectiveness and rate of vaccinations, the effect of remote working arrangements on Sabres operations and the speed and extent of the recovery across the broader travel ecosystem, dependency on transaction volumes in the global travel industry, particularly air travel transaction volumes, including from airlines insolvency, suspension of service or aircraft groundings, the effect of cost savings initiatives, the timing, implementation and effects of the technology investment and other strategic initiatives, the completion and effects of travel platforms, exposure to pricing pressure in the Travel Solutions business, changes affecting travel supplier customers, maintenance of the integrity of Sabres systems and infrastructure and the effect of any security incidents, failure to adapt to technological advancements, competition in the travel distribution market and solutions markets, implementation of software solutions, reliance on third parties to provide information technology services and the effects of these services, implementation and effects of new, amended or renewed agreements and strategic partnerships, including anticipated savings, dependence on establishing, maintaining and renewing contracts with customers and other counterparties and collecting amounts due to Sabre under these agreements, dependence on relationships with travel buyers, collection, processing, storage, use and transmission of personal data and risks associated with PCI compliance, Sabres ability to recruit, train and retain employees, including its key executive officers and technical employees, the financial and business results and effects of acquisitions and divestitures of businesses or business operations, reliance on the value of Sabres brands, the effects of any litigation and regulatory reviews and investigations, adverse global and regional economic and political conditions, including, but not limited to, economic conditions in countries or regions with traditionally high levels of exports to China or that have commodities-based economies, risks related to the current military conflict in Ukraine, risks arising from global operations, reliance on the value of Sabres brands, failure to comply with regulations, use of third-party distributor partners, risks related to Sabres significant amount of indebtedness, the effects of the implementation of new accounting standards and tax-related matters. More information about potential risks and uncertainties that could affect Sabres business and results of operations is included in the Risk Factors and Forward-Looking Statements sections in Sabres Quarterly Report on Form 10-Q filed with the SEC on May 3, 2022 and in its other filings with the SEC. Although Sabre believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future events, outlook, guidance, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, Sabre undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made. ( Press Release Image: https://photos.webwire.com/prmedia/8/288902/288902-1.png )
Sabre Investments
5 Investments
Sabre has made 5 investments. Their latest investment was in American Express Global Business Travel as part of their PIPE on December 12, 2021.
Sabre Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
12/3/2021 | PIPE | American Express Global Business Travel | $335M | Yes | 7 | |
4/7/2008 | Series B | |||||
1/23/2001 | Series D | |||||
6/16/2000 | Series B | |||||
Other Investors |
Date | 12/3/2021 | 4/7/2008 | 1/23/2001 | 6/16/2000 | |
---|---|---|---|---|---|
Round | PIPE | Series B | Series D | Series B | Other Investors |
Company | American Express Global Business Travel | ||||
Amount | $335M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 7 |
Sabre Portfolio Exits
4 Portfolio Exits
Sabre has 4 portfolio exits. Their latest portfolio exit was Sabre - AirCentre Airline Operations Business on October 28, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
10/28/2021 | Divestiture | 8 | |||
Date | 10/28/2021 | |||
---|---|---|---|---|
Exit | Divestiture | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources | 8 |
Sabre Acquisitions
15 Acquisitions
Sabre acquired 15 companies. Their latest acquisition was Nuvola on May 09, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
5/9/2022 | Acquired | 2 | ||||
10/16/2019 | Private Equity | Acquired | 2 | |||
4/19/2016 | Acquired | 2 | ||||
11/24/2015 | Series A | |||||
11/24/2015 |
Date | 5/9/2022 | 10/16/2019 | 4/19/2016 | 11/24/2015 | 11/24/2015 |
---|---|---|---|---|---|
Investment Stage | Private Equity | Series A | |||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | Acquired | Acquired | ||
Sources | 2 | 2 | 2 |
Sabre Partners & Customers
10 Partners and customers
Sabre has 10 strategic partners and customers. Sabre recently partnered with Hopper on February 2, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
2/23/2022 | Client | Canada | The two companies , partners since 2012 , have committed to ` further elevate their partnership '' for the next three years , with Sabre Corporation as Hopper 's primary global GDS and technology partner . | 2 | |
2/21/2022 | Client | Hong Kong | SOUTHLAKE , Texas , Feb. 21 , 2022 / PRNewswire / -- Sabre Corporation , a leading software and technology provider that powers the global travel industry , today announced a new agreement with Cathay Pacific Airways , to enable the carrier to achieve strategic pricing and intelligent offer creation in today 's complex and dynamic travel marketplace . | 3 | |
2/21/2022 | Client | Hong Kong | SOUTHLAKE , Texas -- Feb. 21 , 2022 -- Sabre Corporation , a leading software and technology provider that powers the global travel industry , today announced a new agreement with Cathay Pacific Airways , to enable the carrier to achieve strategic pricing and intelligent offer creation in today 's complex and dynamic travel marketplace . | 1 | |
2/14/2022 | Distributor | ||||
1/10/2022 | Client |
Date | 2/23/2022 | 2/21/2022 | 2/21/2022 | 2/14/2022 | 1/10/2022 |
---|---|---|---|---|---|
Type | Client | Client | Client | Distributor | Client |
Business Partner | |||||
Country | Canada | Hong Kong | Hong Kong | ||
News Snippet | The two companies , partners since 2012 , have committed to ` further elevate their partnership '' for the next three years , with Sabre Corporation as Hopper 's primary global GDS and technology partner . | SOUTHLAKE , Texas , Feb. 21 , 2022 / PRNewswire / -- Sabre Corporation , a leading software and technology provider that powers the global travel industry , today announced a new agreement with Cathay Pacific Airways , to enable the carrier to achieve strategic pricing and intelligent offer creation in today 's complex and dynamic travel marketplace . | SOUTHLAKE , Texas -- Feb. 21 , 2022 -- Sabre Corporation , a leading software and technology provider that powers the global travel industry , today announced a new agreement with Cathay Pacific Airways , to enable the carrier to achieve strategic pricing and intelligent offer creation in today 's complex and dynamic travel marketplace . | ||
Sources | 2 | 3 | 1 |
Sabre Team
31 Team Members
Sabre has 31 team members, including current President, Kurt Ekert.
Name | Work History | Title | Status |
---|---|---|---|
Kurt Ekert | CWT Carlson Wagonlit Travel, Travelport, GTA Travel, Hotelbeds, Orbitz Worldwide, Cendant, Continental Airlines, and U.S. Army | President | Current |
Douglas E Barnett | Chief Financial Officer, Executive Vice President | Current | |
Chris Boyle | TuneCore, Moorgate Partners, MTM Technologies, J.P. Morgan & Co., and U.S. Navy | Senior Vice President | Current |
Ashok Pinto | Senior Vice President | Current | |
Sam Gilliland | Chief Executive Officer, Chief Marketing Officer, Executive Vice President | Former |
Name | Kurt Ekert | Douglas E Barnett | Chris Boyle | Ashok Pinto | Sam Gilliland |
---|---|---|---|---|---|
Work History | CWT Carlson Wagonlit Travel, Travelport, GTA Travel, Hotelbeds, Orbitz Worldwide, Cendant, Continental Airlines, and U.S. Army | TuneCore, Moorgate Partners, MTM Technologies, J.P. Morgan & Co., and U.S. Navy | |||
Title | President | Chief Financial Officer, Executive Vice President | Senior Vice President | Senior Vice President | Chief Executive Officer, Chief Marketing Officer, Executive Vice President |
Status | Current | Current | Current | Current | Former |
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