NEW YORK, April 17, 2014 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that trading of Sabre Corporation (Nasdaq:SABR), a leading technology provider to the global travel and tourism industry, commenced on The NASDAQ Stock Market on April 17, 2014.
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Sabre is a global technology solutions provider to the global travel and tourism industry. Its software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre also operates a leading global travel marketplace, processing over $100 billion of estimated travel spend in 2013 by connecting travel suppliers to their most valued customers, the business traveler.
"Sabre has revolutionized the travel and tourism industry through its technology platform and solutions," said Bob Greifeld, CEO of NASDAQ OMX. "Sabre exemplifies the innovative spirit found in all NASDAQ-listed companies and we congratulate Sabre on its successful initial public offering."
By listing with NASDAQ, Sabre joins some of the world's largest and most revolutionary companies. NASDAQ® has been the exchange of choice to over 70 percent of technology companies listed in the U.S. markets.
Cautionary Note Regarding Forward-Looking Statements
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
About The NASDAQ OMX Group
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,200 listed companies with a market value of over $8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.
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Source:The NASDAQ OMX Group, Inc.