New Delhi, March 4 -- 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 the software product delivery for Sabre and will also execute artificial intelligence-led tasks for the travel technology company.

The deal size 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 st...