Sabre to acquire Radixx for $110m.

Sabre Corporation, a technology provider at the center of the business of travel, has agreed to acquire Radixx, a provider of airline retailing software with an established presence in the low-cost carrier space for $110m. Sabre and Radixx will offer innovative and comprehensive solutions for all segments of the market – from Low-Cost Carrier to network carriers – backed by best-in-class technology and broad expertise. Sabre plans to operate Radixx as a standalone subsidiary through its Airline Solutions business. "By combining Radixx technology and expansive LCC customer base with Sabre's expertise, scale, and global service capabilities, this acquisition will result in a better alternative for low-cost carriers that might have otherwise felt their PSS and other technology options were limited. This acquisition also allows Sabre to quickly expand its footprint both geographically and in terms of scope of service with an important and rapidly growing segment of the airline industry," Sean Menke, Sabre CEO.