Sabre Buys Genares

(RTTNews) - Sabre Corp. (SABR) said Friday that it has acquired Genares, a global, privately-held hospitality technology company, to further strengthen its position as a leading technology partner to hoteliers worldwide.

Terms of the deal were not disclosed.

Genares provides central reservations systems, revenue management and hotel marketing solutions to more than 2,300 independent and chain hotel properties.

Effective immediately, Genares employees will join Sabre Hospitality Solutions, a global technology provider to nearly 18,000 hotels in 157 countries worldwide.

The acquisition will build on the foundation of Genares's outstanding products and services while introducing Genares customers to a broader suite of products and services to help accelerate their growth.