Coforge secures $1.56 bn deal

The 13-year pact with Sabre Corp will see Coforge execute AI solutions for the US-based company

- Jas Bardia

Coforge Ltd on Tuesday said it has struck a mega 13-year deal worth $1.56 billion with Sabre Corp., a Southlake, Texas-based travel technology company.

As part of the deal, Coforge will handle software product delivery for Sabre and also execute artificial intelligence-led tasks for the travel technology company.

The deal value implies that the Noida-based information technology (IT) services provider is expected to get $120 million on an average every year from Sabre, making it the company's biggest deal.

This contract also marks a rare instance of a mid-cap IT company getting a mega deal, one that is valued in excess of $1 billion.

"Both Sabre and Coforge share a similar DNA as technology firms with a strong focus on cutting-edge engineering solutions, customers and the travel industry," Sudhir Singh, chief executive officer, Coforge, said in a statement.