SOUTHLAKE, Texas, Sept. 12, 2014 /PRNewswire/ -- Sabre Corporation
today announced the acquisition of Genares, a global,
privately-held hospitality technology company, to further
strengthen Sabre's position as a leading technology partner to
hoteliers worldwide. Terms of the transaction were not
disclosed.
Genares provides central reservations systems, revenue
management and hotel marketing solutions to more than 2,300
independent and chain hotel properties. Effective immediately,
Genares employees will join Sabre Hospitality Solutions, a global
technology provider to nearly 18,000 hotels in 157 countries
worldwide. Sabre's technology is proven to power incremental
revenue growth, efficiency and overall profitability for many of
the world's leading hospitality brands.
"Genares is well-known in the industry for its commitment to
outstanding customer service and vast industry expertise, and that
is highly complementary with Sabre," said Alex Alt, president of Sabre Hospitality
Solutions. "We look forward to continuing, and building upon, the
standard of excellence that Genares has established while helping
their customers reach the next level in profitability and growth
through our broad portfolio of hospitality solutions."
The acquisition will build on the foundation of Genares's
outstanding products and services while introducing Genares
customers to a broader suite of products and services to help
accelerate their growth.
"Becoming part of Sabre is a terrific evolution for Genares and
our customers," said Eugene Harris,
CEO of Genares. "Sabre has a track record of helping hotels and
chains of all sizes succeed in the marketplace. We are confident
that Sabre is the right partner to ensure our customers continue to
receive world-class service and best-in-class technology
solutions."
Sabre® Corporation (NASDAQ: SABR) is a leading technology
provider to the global travel and tourism industry. Sabre's
software, data, mobile and distribution solutions are used by
hundreds of airlines and thousands of hotel properties to manage
critical operations, such as passenger and guest reservations,
revenue management, and flight, network and crew management. Sabre
also operates a leading global travel marketplace, processing over
$100 billion of estimated travel
spend in 2013 by connecting travel suppliers to their most valued
customers, the business traveler. Headquartered in
Southlake, Texas, USA, Sabre
operates offices in approximately 60 countries around the
world.
Media Contact:
Heidi
Castle
Sabre Corporation
682-605-4290
Heidi.castle@sabre.com
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SOURCE Sabre Corporation