Approximately $630 Million in New Revenue to EDS
PLANO, Texas and SOUTHLAKE, Texas – EDS and Sabre Holdings today announced the renegotiation and extension of an information technology (IT) services contract through 2014, with new revenue to EDS valued at approximately $630 million.
Under the new agreement, EDS will provide a full range of IT services in support of Sabre’s continued business transformation, including its move to open systems. By adopting the EDS implementation of industry best practices through its tools and services, Sabre will be positioned to focus more energy on enhancing the end-customer’s experience through its innovative technology tools and services.
“This agreement reflects the transformation to open systems that has taken place at Sabre since we began our work with EDS in 2001, and it better aligns us with how we serve our customers today,” said Barry Vandevier, chief information officer of Sabre Holdings. “It simplifies and standardizes our operational processes utilizing the EDS standard operations framework. This will bring further efficiencies to our environment and reduce our costs. Given EDS’ global capability, we are excited to extend our partnership and leverage their expertise as we progress our technology roadmap to deliver great products for our customers.”
“We have adjusted our services to better align with Sabre’s continuous business transformation, and Sabre will leverage our industry support and tools to meet the demands of their growing global business,” said Jeff Kelly, executive vice president and leader of EDS’ Americas Region. “EDS is dedicated to provide Sabre with better support for their customers.”
“This agreement represents a transformation of our relationship with Sabre,” said Marty Curry, EDS vice president and account executive for Sabre. “We are delighted to have such a strong partnership with Sabre, and we look forward to the expansion of our relationship through 2014.”
About Sabre Holdings
Sabre Holdings connects people with the world’s greatest travel possibilities by retailing travel products and providing distribution and technology solutions for the travel industry. Sabre Holdings supports travelers, travel agents, corporations, government agencies and travel suppliers through its companies: Travelocity, Sabre Travel Network and Sabre Airline Solutions. Headquartered in Southlake, Texas, the company has approximately 9,000 employees in 45 countries. More information is available at http://www.sabre-holdings.com.
EDS (NYSE: EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.
The statements in this news release that are not historical statements, including statements regarding the amount of new contract values, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS’ control, which could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS’ most recent Form 10-K. EDS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.