- Sabre Corp SABR has agreed to acquire Nuvola, a provider of hotel service optimization and guest engagement software to hoteliers, for an undisclosed sum.
- The transaction includes Nuvola technology and guest enablement software and the integration of Nuvola employees to Sabre.
- Nuvola equips hotels with cloud-based solutions, including task management capabilities, guest messaging and concierge services, and advanced housekeeping management solutions.
- Sabre held $1.2 billion in cash and equivalents as of March 31, 2022.
- Juan Carlos Abello, founder and CEO of Nuvola, said, "The current standalone Nuvola offerings will continue to enhance on-property efficiencies for hoteliers. More importantly, integrating Nuvola capabilities into Sabre's existing retailing and property management solutions will unlock new opportunities for hoteliers to deliver a differentiated, seamless guest experience."
- Price Action: SABR shares are trading lower by 5.17% at $8.22 on the last check Monday.
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