Travel Capitalist Ventures Expands Check Size to $10 Million to Deepen Emerging Market Conviction
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Read moreDetailsCoforge Ltd on Tuesday said it has struck a mega 13-year deal worth $1.56 billion with Sabre Corp., a Southlake, Texas-based travel technology company. As part of the deal, Coforge will handle the software product delivery for Sabre and will also execute artificial intelligence-led tasks for the travel technology company.
The deal size implies that the Noida-based information technology (IT) services provider is expected to get $120 million on an average every year from Sabre, making it the company’s biggest deal.
This contract also marks a rare instance of a mid-cap IT company getting a mega deal, one that is valued in excess of $1 billion.
“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,” Sudhir Singh, chief executive of Coforge, said in a statement.
This deal…
