Divestiture • Internet Software and Services

Certify Acquires Abacus International Pte

On July 17, 2018, Certify acquired internet software and services company Abacus International Pte from Sabre

Acquisition Context
  • This is Certify’s 2nd transaction in the Internet Software and Services sector.
  • This is Certify’s 1st transaction in Singapore.

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M&A Deal Summary

Date July 17, 2018
Target Abacus International Pte
Sector Internet Software and Services
Buyer(s) Certify
Sellers(s) Sabre
Deal Type Divestiture

Target Company

Abacus International Pte

Singapore, Singapore
Abacus International Pte Ltd. is a real time expense reporting solution. It is the easiest way for you to reimburse your team, implement your expense policy, and reconcile corporate credit cards throughout the month. Abacus International Pte Ltd. was founded in 1988 and is based in Singapore.
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Buyer Overview 1

Buyer

Certify

Portland, Maine, United States

Category Company
Founded 2008
Sector Internet Software and Services
DESCRIPTION

Certify is an online travel and expense management solution for companies of all sizes. Organizations worldwide book travel and complete expense reports quickly, easily, and cost-effectively using Certify cloud and mobile applications. Certify was founded in 2008 and is based in Portland, Maine.


Deal Context for Buyer #
Overall 2 of 5
Sector: Internet Software and Services 2 of 4
Type: Divestiture 1 of 1
Country: Singapore 1 of 1
Year: 2018 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 nuTravel Technology Solutions

Purchase, New York, United States

nuTravel Technology Solutions LLC is an online booking technology. nuTravel delivers the corporate travel industry’s fastest, most flexible online travel booking solutions available today. nuTravel Technology Solutions LLC was established in 2002 and is based in Purchase, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Captio

L’Hospitalet de Llobregat, Spain

Captio is a corporate travel management platform in the Spanish market. Captio integrates the expense management process into one single paperless workflow, without manual tasks or frauds. Companies of all industries and sizes use Captio to save time and money while staying compliant with their local legal and taxation requirements.

Buy -

Seller Profile 1

SELLER

Sabre

Southlake, Texas, United States

Category Company
Founded 2006
Sector Software
Employees6,253
Revenue 3.0B USD (2024)
DESCRIPTION
Sabre's corporate headquarters in Southlake, Texas.
Sabre's corporate headquarters in Southlake, Texas.

Sabre is a technology software provider to the travel and tourism industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre was formed in 2006 and is based in Southlake, Texas.


Deal Context for Seller #
Overall 3 of 5
Sector: Internet Software and Services 2 of 3
Type: Divestiture 3 of 5
Country: Singapore 1 of 1
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Airpas Aviation AG

Braunschweig, Germany

Airpas Aviation AG is a provider of real-time route profitability and cost management software solutions for the commercial airline industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-16 Radixx International

Orlando, Florida, United States

Radixx International, Inc. is a provider of travel distribution and passenger service system software for airline reservations, distribution and merchandising. Radixx offers a cloud-based SaaS Passenger Service System (PSS) designed to help airlines increase profitability and maximize productivity through expanded distribution of products and services. Radixx International, Inc. was founded in 1993 and is based in Orlando, Florida.

Buy $110M