Technology powers Sabre to the top of the travel industry. Equipped with the world's #1 computerized travel reservation system, the company operates through three segments. Sabre Travel Network is used by more than 400,000 travel professionals globally to book airline tickets, rental cars, hotel rooms, and vacation packages. Travelocity.com allows individuals to make their own travel arrangements. The company also provides software, e-business tools, and consulting services to improve the operations of air carriers, airports, and hotels through Sabre Airline and Hospitality Solutions. Sabre is owned by private equity firms Silver Lake Partners and Texas Pacific Group. It filed an IPO in early 2014.
The company initially filed to raise $100 million, but it will likely fetch a lot more. Sabre plans to use the proceeds to pay down debt.
It's the company's second time on a public stock market. Sabre was public from 1996 until 2007, when it was taken private by Silver Lake and TPG. Both private equity firms have experience in grooming companies for the public market.
Sabre operates its business in 60 countries. It boasts three regional headquarters. Besides the worldwide headquarters in Southlake, Texas, Sabre has head offices in London and Singapore. To ensure it's meeting the needs of its customers, Sabre maintains half a dozen global development centers in the US, Argentina, Poland, India, Uruguay, and the Philippines. Some 20 Customer Care Centers, where most of the direct contact with clients takes place, are located in North America, South America, Europe, the Middle East, and India. It has IT development centers in India, Poland, the US, and Argentina.
Mergers and Acquisitions
In late 2012 subsidiary Sabre Airline Solutions purchased airline CRM company PRISM Group. The new unit focuses on helping airlines get the most from their corporate customer contracts by using historical traffic pattern analysis. PRISM's services will join Sabre's existing commercial planning suite.
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