ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SABR Sabre Corporation

3.365
0.235 (7.51%)
Last Updated: 20:44:47
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sabre Corporation NASDAQ:SABR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.235 7.51% 3.365 3.36 3.37 3.38 3.13 3.13 3,187,443 20:44:47

Sabre Joins Forces with Microsoft to Reimagine the Business of Travel

30/05/2018 1:00pm

PR Newswire (US)


Sabre (NASDAQ:SABR)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more Sabre Charts.

SOUTHLAKE, Texas, May 30, 2018 /PRNewswire/ -- Accelerating its strategy to reimagine the business of travel, Sabre Corporation (NASDAQ: SABR) today announced a long-term strategic agreement with Microsoft. As part of this new agreement, Microsoft will empower the migration of Sabre's commercial applications to Microsoft Azure by investing cloud development expertise and services in support of Sabre's vision to lead an industry evolution in retailing, distribution and fulfillment.

"The cloud presents an opportunity to rapidly innovate, create and deliver new business value for Sabre and our customers," said Joe DiFonzo, Sabre CIO. "Microsoft is more than a technology provider for us. Their team will be a key asset in our transformation, through proven leadership in the cloud space along with industry expertise and best practice methodology to help us realize our vision."

Together the two companies will work to help Sabre better harness the power of its data and apply artificial intelligence and advanced analytics to create new services for hotel, agency and airline customers. Sabre technology processes over $120 billion of estimated travel spend each year, and every minute Sabre systems serve thousands of travel agents, board thousands of passengers, and process hundreds of bookings. As Sabre continues to evolve its cloud strategy, the company's customers will be able to offer travelers more personalized and integrated experiences – especially important for Sabre's strategy to innovate Beyond NDC and deliver next-generation retailing and distribution solutions.

"Cloud technology is critical to our development of a microservices architecture, which will offer our customers bite-sized functionality that can be used independently or combined to build large, complex applications with accelerated speed to market," said Vish Saoji, Sabre CTO.

Microsoft Azure also provides Sabre a global footprint with trusted infrastructure and advanced platform capabilities. Through this agreement, Sabre's cloud transition will enhance the stability and security of its products, and a multi-faceted cloud approach will allow Sabre products to intelligently distribute workload across geographies, resulting in better performance and ensuring continuous service availability.

"Sabre is an established leader in the travel technology space, and we are excited to work closely with them to draw out data-driven insights that can reimagine the business of travel," said Kate Johnson, president, Microsoft U.S.  "Microsoft's cloud services will bring a range of new capabilities to Sabre that unlock even more value for their customers and will help them to succeed in transforming their industry with intelligent technologies."

Sabre and Microsoft partnered earlier this year on the pilot launch of an A.I.-powered chatbot, "Ella," that explores how artificial intelligence can help travel agencies better serve travelers by fulfilling their most common service and support requests with smart technology. In developing the chatbot, Sabre leveraged Microsoft Bot Framework and a selection of Microsoft Cognitive Services, including Language Understanding Intelligent Service (LUIS) which provides simple tools to build language models, allowing any application or bot to understand natural language commands and react accordingly.

About Sabre
Sabre Corporation is the leading technology provider to the global travel industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.

SABR-F

Media contact: sabrenews@sabre.com   Investor contact: sabre.investorrelations@sabre.com

Sabre logo. (PRNewsFoto/Sabre) (PRNewsFoto/SABRE)

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/sabre-joins-forces-with-microsoft-to-reimagine-the-business-of-travel-300655183.html

SOURCE Sabre Corporation

Copyright 2018 PR Newswire

1 Year Sabre Chart

1 Year Sabre Chart

1 Month Sabre Chart

1 Month Sabre Chart

Your Recent History

Delayed Upgrade Clock