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- Sabre Corp (NASDAQ: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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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