Sabre Corporation: Difference between revisions
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== History == |
== History == |
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Revision as of 21:12, 3 December 2008
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| Company type | Private |
|---|---|
| ISIN | US78573M1045  |
| Industry | Travel Solutions |
| Founded | 1960 |
| Headquarters | Southlake, Texas |
Key people | Sam Gilliland, Chairman & CEO Jeffery Jackson, CFO |
| Products | Travelocity Sabre Travel Network Sabre Airline Solutions |
| Revenue | $2.1BUSD (FY 2004) |
| −928,470,000 ±10000 United States dollar (2021) | |
| Total assets | 5,291,000,000 ±1000000 United States dollar (2021) |
| Owner | Silver Lake Partners, TPG Capital |
Number of employees | 8,800 (2006) |
| Website | www.sabre-holdings.com |
Sabre Holdings or Sabre, Inc. is an American travel technology company, encompassing several brands in three global travel distribution channels: travel agency, airline, and direct to consumer. These areas are serviced by TSG's three main business groups. Divisions within each of these groups also service the business or corporate travel market.
- Sabre Travel Network (STN) makes use of the Sabre reservations system to sell airline trips, hotel stays, car rentals, cruises, and tour packages through travel agencies.
- Sabre Airline Solutions (SAS) provides software and services to airlines and other travel providers.
- Travelocity (TVLY) is Sabre's own online agency, selling travel products direct to travellers.
Other key Sabre Holdings brands include the following:
- GetThere
- holiday autos
- IgoUgo
- Jurni Network
- MySabre
- lastminute.com
- Nexion
- ShowTickets.com
- Site59
- SynXis
- Travelocity Business
- World Choice Travel
- TRAMS, Inc.
- TravelStudios
- cubeless
- BidStork
- VirtuallyThere
History
Sabre Holdings grew out of American Airlines and spun off with an IPO on March 15, 2000. It now employs approximately 6000 people worldwide. It is headquartered in Southlake, Texas.
On December 12, 2006, private-equity firms 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 3 primary GDS competitors (Galileo, 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.