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 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.
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.
Besides, it is in talks with various airports in the Asia Pacific region, Japan and Australia for deploying its solutions. Tokyo airport has already deployed IBS offerings.
The company, with 15 business centres across the globe, will open its first centre in South America soon.
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According to him, IBS would go public by 2010 and is planning to become a Rs 1,000-crore company by 2010. The company has also planned to set up a campus at the Info Park near Kochi at an investment of Rs 150 crore, which will be ready by 2014. A similar project has been proposed at Kozhikode too, he added.