Deepens engagement with existing large customer in Travel vertical
New Delhi, Manila, Atlanta, London, Singapore, Thailand, 11th September, 2012, Tuesday :- Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization today announced that it has signed an agreement to acquire Sabre Holdings’ Philippines Development Center. Sabre, a global technology company, is the world’s leading provider of solutions for the travel industry and also a key customer of Coforge.
The acquisition further deepens Coforge’ engagement with Sabre and enhances its global delivery capability. Manila is a proven destination for Business Process Outsourcing (BPO) services and Coforge will provide services to Sabre and its other customers from this Manila center, which has a capacity of 200 seats with opportunity for expansion.
Commenting on the expansion, Mr. Arvind Thakur, Chief Executive Officer, Coforge said “The acquisition fits well with our strategy of ‘Focus and Differentiate’ and enhances our global delivery footprint”.
"Asia-Pacific is an important growth region for Sabre and the industry and we believe this move helps further strengthen our established relationship with Coforge and positions Sabre for greater growth within APAC,” said Mr. Barry Vandevier, Chief Information Officer, Sabre. “It also streamlines our company's location portfolio while continuing to provide Sabre customers with the same high level of service”.
“We welcome Sabre’s Manila team to Coforge as we strengthen our Travel Services offerings in the region,” said, Mr. Lalit Dhingra, President, Coforge. “The acquisition will enhance our deep domain knowledge with the expansion in our strong talent base and bring in global technology best practices to help corporations effectively respond to their global IT needs”.
Coforge is ranked No.1 in Travel by Datamonitor Black Book of Outsourcing and has held this position for three consecutive years. The Company continues to strengthen its position towards becoming a significant IT services player in the global Travel and Transport markets.
Coforge is a leading IT solutions organization, servicing customers in North America, Europe, Middle East, Asia and Australia. It offers services in Application Development and Maintenance, Managed Services, IP Asset or Platform Solutions, and Business Process Outsourcing to organizations in the Financial Services, Travel & Transportation, Manufacturing/Distribution, Healthcare and Government sectors. The Company adheres to major global benchmarks and standards, having secured the ISO 9001:2000 certifications and the ISO: 27001 Information Security Management accreditation. Coforge also follows global standards of development. It has been assessed at Level 5 of SEI CMMi version 1.2. Coforge Business Process Outsourcing conforms to the highest quality standards such as COPC and Six Sigma. Its data centre operations are assessed at the international ISO 20000 IT management standards.
For further information, please visit www.coforgetech.com
About Sabre Holdings
Sabre Holdings® is a global technology company serving the world’s largest industry - travel and tourism. It provides software to travel agencies, corporations, travelers, airlines, hotels, car, rail, cruise and tour operator companies, through its four businesses – Sabre Airline Solutions®, Sabre Hospitality Solutions®, Sabre Travel Network® (including GetThere) and Travelocity® (including lastminute.com and Zuji). Sabre’s innovative technology is used by more than a billion people around the world to plan, book and experience their travel at a time and price that's right for them. It works behind the scenes to make the world a better place, one journey at a time. Headquartered in Southlake, Texas, Sabre has approximately 10,000 employees in 60 countries around the world. It has major development and customer care centers in the United States, Argentina, India, Poland and Uruguay. Sabre has won numerous awards for being a top employer and corporate citizen in Argentina, Brazil, India, Mexico, Peru, Poland, and the United States. Sabre is privately owned by Texas Pacific Group (TPG) and Silver Lake Partners.
For more information, please visit www.sabre.com
Certain statements in this release are forward-looking statements. The business involves various risks, and uncertainties that could result in the actual results to differ materially from those indicated here. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.