Approximately $630 Million in New Revenue to EDS
PLANO, Texas and SOUTHLAKE, Texas, Oct. 3 /CNW/ -- 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
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.
Blake Hull -- EDS Al Comeaux -- Sabre Holdings Corporation
972 605 5063 682 605 2157
For further information:
For further information: Blake Hull of EDS, +1-972-605-5063,
firstname.lastname@example.org; or Al Comeaux of Sabre Holdings Corporation,
+1-682-605-2157, email@example.com Web Site: http://www.eds.com