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 it 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 contents 1 history 1.1 early history 1.2 2000s 2 operations 3 businesses 4 acquisitions 5 references 6 external links history edit early history edit 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 sabresonic passenger solution a customized version of sabre s reservations system to abacus subscribers in asia . 15 2000s edit 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 in june 2016 sabre announced tom klein would be resigning as ceo by the end of 2016 . 30 operations edit the company is based in southlake texas and has additional offices in london krak w bangalore montevideo and buenos aires . 5 31 in december 2013 the company handled approximately 85000 data transactions every second for customers according to the fort worth star telegram . 32 at the time the company did business with 70 airlines and 100 000 hotels . 32 it operates under the platforms travel network airline and hospitality solutions . businesses edit getthere sabre airline solutions sabre travel network sabre hospitality solutions tripcase acquisitions edit preview travel 2000 18 dillion communication systems 2000 33 gradient solutions 2000 34 getthere 2000 35 sabre pacific 2001 nexion inc. 2003 36 david r. bornemann associates 2001 37 site59 2001 38 resfeber scandinavia 2002 39 kiehl hendrickson group 2002 40 axsresource airport resource management solutions 2003 41 world choice travel 2003 42 rm rocade 2004 43 showtickets.com 2004 44 synxis corporation 2004 45 southwest travel systems 2005 46 igougo.com 2005 47 lastminute.com 2005 48 e site marketing 2007 49 flight explorer 2008 50 eb2 2008 51 calidris 2010 52 flightline data services 2010 53 f wz 2010 54 softhotel 2011 55 prism 2012 56 genares 2014 57 abacus international 2015 trust international 2015 58 references edit chris ciaccia 17 april 2014 . travelocity owner sabre holdings returns to wall street after ipo . retrieved 18 november 2014 . a b c lance murray 4 april 2014 . sabre holdings sets ipo valuation at up to 4.1 b . retrieved 18 november 2014 . david baum december 2014 . flying high with a private database cloud . retrieved 18 november 2014 . a b travelocity owner sabre s ipo prices at 16 per share underwriter . 16 april 2014 . retrieved 18 november 2014 . a b c american airlines assails sabre in data business trial . 25 october 2012 . retrieved 18 november 2014 . a b tpg and silver lake take sabre private . 9 april 2007 . retrieved 18 november 2014 . a b c sabre holdings switches ceos appointing tom klein . 15 august 2013 . retrieved 18 november 2014 . a b c d forget the booze . the mad men s best friend was sabre . 27 july 2012 . retrieved 18 november 2014 . a b c d e sidebar sabre timeline . retrieved 18 november 2014 . a b c sabre makes the wrong choice by removing american airlines . 7 january 2011 . retrieved 18 november 2014 . mckenney james l. 1 january 1995 . waves of change business evolution through information technology . american airlines reveals limits of world class it . 26 january 2012 . retrieved 18 november 2014 . a b vervest peter ; dunn al 2000 . how to win customers in the digital world total action or fatal inaction . johanna jainchill 4 june 2012 . travelocity fights to regain market share . retrieved 18 november 2014 . isae wada 4 march 1998 . sabre finalized abacus pact . retrieved 18 november 2014 . amr climbs on sabre spinoff . 14 december 1999 . retrieved 18 november 2014 . gary anthes 31 may 2004 . sabre flies to open systems . retrieved 18 november 2014 . a b sabre holdings completes acquisition of lastminute.com . 20 july 2005 . retrieved 18 november 2014 . equity firms in talks to buy sabre holdings . 11 december 2006 . retrieved 18 november 2014 . silver lake texas pacific to buy sabre holdings . 12 december 2006 . retrieved 18 november 2014 . sabre acquires calidris . 31 march 2010 . retrieved 18 november 2014 . sabre holdings acquires softhotel . 30 june 2011 . retrieved 18 november 2014 . samantha nielson 25 september 2014 . maverick capital establishes position in sabre corporation . retrieved 18 november 2014 . travelocity owner sabre takes flight on 627m ipo . 17 april 2014 . retrieved 18 november 2014 . sabre acquires global hospitality technology company . 21 september 2014 . retrieved 18 november 2014 . expedia inc acquires travelocity in 280 million deal . reuters 26 january 2015 robinson jacobs karen 23 january 2015 . sabre sells travelocity to expedia for 280 million . dallas morning news . retrieved 27 january 2015 . expedia buys booking site travelocity for 280m in cash . abc news . 23 january 2015 . retrieved 27 january 2015 . rudnansky ryan 1 july 2015 . sabre acquires abacus international for 411m . travel pulse . retrieved 26 august 2015 . sabre corporation announces ceo transition nasdaq sabr . investors.sabre.com . retrieved 2016 06 20 . sabre corporation . retrieved 18 november 2014 . a b think of sabre holdings as a data company ceo says . 5 december 2013 . retrieved 18 november 2014 . sabre acquires stake in german crs . 11 july 2000 . retrieved 18 november 2014 . e business sabre acquires dublin based gradient solutions . 17 august 2000 . retrieved 18 november 2014 . sabre buys getthere for 757 million announces layoffs . 29 august 2000 . retrieved 18 november 2014 . http www.travelweekly.com travel news travel agent issues nexion adds 60 member host agency to network sabre acquires software developer . retrieved 18 november 2014 . travelocity.com buys site59 for 43 million . 26 march 2002 . retrieved 18 november 2014 . resfeber switches to sabre travel network citing customer service and technology . retrieved 18 november 2014 . sabre buys kiehl hendrickson group . 4 november 2002 . retrieved 18 november 2014 . sabre acquires eds axresource product line . retrieved 18 november 2014 . travelocity to acquire world choice travel assets . 22 october 2013 . retrieved 18 november 2014 . sabre airline solutions expands international presence . 16 august 2004 . retrieved 18 november 2014 . travelocity acquires allstate ticketing and its showtickets.com website . 31 august 2004 . retrieved 18 november 2014 . synxis to be bought for 40 million . 10 december 2004 . retrieved 18 november 2014 . nexion adds 60 member host agency to network . 19 january 2005 . retrieved 18 november 2014 . acquisition gives sabre access to online search revenue . 6 april 2005 . retrieved 18 november 2014 . travelocity buys lastminute.com for 577m . 12 may 2005 . retrieved 18 november 2014 . bw sabre holdings acquires e site marketing to build on comprehensive hospitality offerings . 5 june 2007 . retrieved 18 november 2014 . sabre acquires flight explorer . retrieved 18 november 2014 . sabre acquires eb2 . 19 december 2008 . retrieved 18 november 2014 . calidris to become part of sabre airline solutions . 31 march 2010 . retrieved 18 november 2014 . sabre holdings buys flightline data services . 8 july 2010 . retrieved 18 november 2014 . sabre buys flight planning technology provider f wz . retrieved 18 november 2014 . sabre holdings acquires softhotel . 29 june 2011 . retrieved 18 november 2014 . sabre buys airline information service prism probably the big acquisition disclosed in secret docs . retrieved 18 november 2014 . sabre acquires hotel tech provider genares as competition heats up . 12 september 2014 . retrieved 18 november 2014 . sabre acquires trust international for 154 million . tnooz . retrieved 2015 11 25 . external links edit official website sabre insights magazine retrieved from https en.wikipedia.org w index.php title sabre corporation & oldid 744483089 categories airline ticketsopentravel alliancetechnology companies established in 1960companies based in texas navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated