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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Mon., Oct. 21, 11:25 PM

Slide #26. Sabre Corporation Radixx

Acquirer: Sabre Corporation (NASDAQ:SABR)
Acquiree: Radixx
Details: Sabre Corporation (NASDAQ: SABR), the leading technology provider at the center of the business of travel, today announced its acquisition of Radixx, a leading airline retailing software provider with an established presence in the low cost carrier (LCC) space. LCCs have grown twice as fast as full-service carriers over the past five years and now total nearly 30 percent of global passengers boarded annually.[1] Sabre expects the acquisition to help the company offer retailing, distribution and fulfillment capabilities to serve this rapidly expanding market. Radixx's signature products are a best-in-class LCC passenger service system (PSS) and internet booking engine (IBE).

Sabre is a technology solutions provider to the travel and tourism industry. Co. operates through three business segments: Travel Network, which consists primarily of its global distribution system (GDS) and a range of solutions that integrate with its GDS; Airline Solutions, which provides a portfolio of software technology products and solutions, through software-as-a-service (SaaS) and hosted delivery model, to airlines and other travel suppliers and provides software solutions; and Hospitality Solutions, which provides software and solutions, through SaaS and hosted delivery model, to hoteliers around the world.

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Company Name:  Sabre Corp
Stock buyback:  SABR buyback
Website:  www.sabre.com
Sector:  Application Software
Number of ETFs Holding SABR:  72
Total Market Value Held by ETFs:  $916.70M
Total Market Capitalization:  $5.86B
% of Market Cap. Held by ETFs:  15.65%
 

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October 21, 2019    11:25 PM Eastern
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