IBS Software

IBS Software Overview

Company Headquarters: India

Founded: 1997

Workforce: ~NA

Company Working: IBS Software manages mission-critical operations for clients in the airline, tour & cruise, hospitality, and energy resources industries. IBS Software is a prominent SaaS solutions provider to the worldwide travel industry. Fleet and crew operations, aircraft maintenance, passenger services, loyalty programs, employee travel, and air-cargo management are all covered by IBS Software's solutions for the aviation sector. IBS Software also manages a real-time B2B and B2C distribution platform that offers a global network of hospitality organizations and channels access to hotel room availability, pricing, and inventory. IBS offers a comprehensive customer-centric digital platform for the tour and cruise business that includes onshore, online, and on-board solutions. By utilizing its domain expertise, digital technology, and technical excellence, the Consulting and Digital Transformation (CDx) division focuses on advancing its customers' digital transformation projects.

Strategy

The business is in a prime position to take advantage of the development prospects in the international consulting, IT professional services, and digital engineering industries because it has the know-how to support customers' large-scale transformations. To support its clients' digital transition, the organization keeps changing and evolving the offerings in its portfolio and expanding its digital capabilities.

Company Snapshot

1997

Founded

India

Headquarters

SWOT Analysis

Strengths

Robust market position
Focus on R&D activities

Weaknesses

Increasing financial liabilities

Opportunities

Growth of digital MRO market
Strategic acquisitions to expand geographical presence

Threats

Intense competition

Key Developments

Date	Approach	Development
June 2023	Partnership	IBS Software has been chosen by Bamboo Airways, a privately owned Vietnamese airline that strives to offer top-notch services, to update its loyalty program and improve the experience for its 1.6 million Bamboo Club members.
May 2023	Funding	The funds advised by Apax Partners LLP announced that they have finalized a deal to buy a sizeable minority stake in IBS Software from Blackstone. IBS Software is a leading supplier of contemporary Software-as-a-Service (SaaS) solutions to the global travel and logistics industry.
March 2023	Agreement	In order to further automate and improve its aviation operations with the advantages of artificial intelligence and machine learning, Malaysia Airlines Berhad (MAB) enters a five-year agreement to move its crew management systems to IBS Software's cloud-based platform, iFlight Crew.
February 2023	Acquisition	IBS Software has announced that the acquisition of Accenture Freight and Logistics Software (AFLS) has been completed. In order to manage their freight operations and expand through digital transformation and innovation, AFLS offers technological platforms to airline and maritime transportation firms.

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