Stock Report

Sabre launches strategic collaboration with trusted engineering partner Coforge

Posted On : 2025-03-05 00:13:58( TIMEZONE : IST )

Coforge Limited (NSE: COFORGE), a premier global digital services and solutions provider and Sabre Corporation (NASDAQ: SABR), a leading global travel technology company, today announced they have entered into a new agreement that will strengthen their long-standing partnership to supercharge Sabre's product roadmap.

This multi-year agreement positions Coforge as a key partner in furthering Sabre's ability to accelerate product delivery and launch additional innovative AI-enabled solutions, further underscoring the company's commitment to speed and scale.

"Both Sabre and Coforge share a similar DNA as technology firms with a strong focus on cutting edge engineering solutions, customers and the travel industry," said Sudhir Singh, CEO & Executive Director, Coforge. "Our new agreement is a major milestone in our partnership with Sabre. The scale and the complexity of the mandate reflects the deep trust and capability that both organizations bring to this partnership. It underlines, once again our strong commitment to engineering excellence and driving emerging innovation and transformation for our clients."

"2025 is a pivotal year for Sabre," said Kurt Ekert, CEO and President of Sabre. "Laser focus, ruthless prioritization and key technology investments have positioned us to intensify innovation and reinforce our pursuit of being the most valued global technology platform in travel. Sabre is in an advantaged position to pioneer, build, and deploy the next generation of solutions alongside our continuously expanding travel marketplace, and we look forward to Coforge's partnership in expediting the process."

Sabre's future-forward technology and disruptive approach to the market, coupled with Coforge's scale and expertise, seeks to become a driving force in modernizing the travel industry as a whole - leading a new standard for the pace of change.

This 13-year partnership contract is valued at approximately USD 1.56 billion.

Shares of Coforge Limited was last trading in BSE at Rs. 7204.10 as compared to the previous close of Rs. 7356.50. The total number of shares traded during the day was 6802 in over 2156 trades.

The stock hit an intraday high of Rs. 7383.80 and intraday low of 7145.05. The net turnover during the day was Rs. 49281495.00.