IBS Software

FLY91, the country's youngest regional airline, has partnered with IBS Software to power its commercial operations. FLY91 aims to provide an air alternative to road and rail travel across underserved routes in India. IBS Software has created a reservation experience designed to deliver a simple, efficient and cost-effective experience, to attract and retain customers, a press release from the company said on Wednesday. "By implementing IBS Software's modern omni-channel iFly Res commerce platform, FLY91 will not only create a compelling user experience powered by the platform's rich set of APIs and flexible rules engine, but also deliver dynamic pricing. "These real-time dynamic and personalised pricing capabilities are a vital tool in delivering the most cost-effective fares and ensuring pricing is competitive with alternative modes of transport," IBS Software said in the release. Additionally, access to an API-driven ecosystem gives FLY91 the ability to open its services and rou

Ukraine's largest airline SkyUp Airlines, and its Maltese subsidiary SkyUp Malta have selected Technopark-based IBS Software to overhaul its commercial operations management, as they restart full-scale operations in the European Union amid the Russia-Ukraine war. IBS Software, a global leader in providing SaaS (Software as a service) solutions to the travel and cargo industry, is offering a digitally native passenger services system (PSS) to help SkyUp to overhaul its previous platform and deliver greater flexibility, as it recommences scheduled flights, it said in a statement here on Tuesday. SkyUp, a digital-first airline, has attracted widespread attention for its innovative actions since the start of the Russia-Ukraine war, including the evacuation of its aircraft from closed airspace, its pivot to become an ACMI (aircraft, crew, maintenance, and insurance) provider, and most recently achieving an Air Operator Certificate in Malta so the airline can operate anywhere in Europe, th

Fair trade regulator Competition Commission of India (CCI) on Wednesday said it has approved Apax Partners' proposed acquisition of the stake in IBS Software Pte. The proposed combination relates to the acquisition of approximately 30 per cent of the issued share capital on a fully diluted basis of IBS Software Pte Ltd from Techware Singapore Holdings Pte Ltd, a portfolio company of Blackstone Inc by Pelipper HoldCo SARL, according to an official release. Pelipper HoldCo SARL is a special-purpose vehicle indirectly wholly owned by investment funds advised by Apax Partners LLP. IBS Software Pte is the parent company of the IBS group of companies, which is mainly active as a software vendor and predominantly for the aviation and travel industry. In May this year, global travel and logistics SaaS company IBS Software said Apax Funds will buy a minority stake in the company for USD 450 million. Post the latest transaction, IBS Software's Founder and Executive Chairman V K Mathews will

Global travel and logistics SaaS company IBS Software on Monday said Apax Funds will buy a minority stake in the company for USD 450 million. Post the latest transaction, IBS Software's Founder and Executive Chairman V K Mathews will remain the majority shareholder. "Funds advised by Apax Partners LLP (Apax) announced today that they have reached a definitive agreement to invest approximately USD 450 million to acquire a significant minority stake in IBS Software, a leading provider of modern Software-as-a-Service (SaaS) solutions to the global travel and logistics industry, from Blackstone, the world's largest alternative asset manager," a company press release here said. Founded in 1997 in Thiruvananthapuram, IBS Software provides SaaS solutions that power operations in aviation, tour and cruise, hospitality and logistics companies across the globe, with a team of 4,000 professionals. Apax Partners LLP is a leading global private equity advisory firm, which for 50 years has raise

Blackstone reached agreement to sell its stake in Kerala-based software-as-a-service (SaaS) provider IBS Software to global private equity firm Apax for $450 million

Deal will boost IBS leadership as a tech provider to airfreight industry, is a strategic step towards helping establish the acquirer as an end-to-end player in global freight supply chain

This will comprise booking engine, inventory and revenue management, departure control and loyalty management systems

The Jalan-Kalrock Consortium has selected IBS Software, a Thiruvananthapuram technopark-based SaaS solutions provider to the travel industry globally

The clients include Emirates, Etihad Airways, Qatar Airways, Korean Air and British Airways

This is the second facility of IBS in the coastal city in Kerala