Sabre Corporation

Sabre Corporation is a travel technology company based in Southlake, Texas. It is the largest Global Distribution Systems provider for air bookings in North America.American Airlines founded the company in 1960, and it was spun off in 2000. Texas Pacific Group and Silver Lake Partners acquired Sabre in 2007. Sabre began publicly trading on the NASDAQ in 2014.

Sabre Hospitality Solutions, an IT solutions provider, is the company's largest growing division.

History

Early history

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. The system was based on SAGE, the first major system to use interactive real-time computing IBM developed for military use. Sabre Corporation was founded in 1960 by American Airlines. Sabre Corporation installed the first Sabre reservation system in Briarcliff Manor, New York that year. The system consisted of two IBM 7090 mainframe computers and processed 84,000 calls per day.