Addressing the media here, VK Mathews, chairman and CEO, said discussions were at various levels with 10 airline companies abroad for providing its solutions.
Of these, contracts with at least five companies were expected to be signed in the current year itself.
The company will focus more on maintenance and engineering (M&E) and MRO services as there is huge potential for these types of products.
Since 2002, IBS had acquired five global companies. The latest addition was VISaer Inc, a Boston-based company engaged in M&E.
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The Thiruvananthapuram-based company is implementing its global integration programme for systemic integration of all the acquired companies, which would be concluded in 90 days.
It plans to acquire one more global company in similar line of operations in 2009, Mathews added without divulging the name.