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IBS expands in India, signs deal with Jet Airways

This article was posted on Feb 22, 2008 and is filed under Press Releases

IBS Software, a leading provider of new-generation IT solutions to the global Travel, Transportation and Logistics (TTL) industry, has announced that its Crew Management System- AvientCrew, has gone live withJet Airways. With this implementation, Jet Airways becomes the first Indian customer for IBS and also the first in the Indian aviation industry to use AvientCrew to handle mission-critical flight operations. IBS also announced the inauguration of its 12th global centre at Bengaluru, which will be its 3rd development centre in India. With the Indian aviation industry growing at its current pace, IBS sees a big business opportunity for its new-generation solutions in the Indian market.

AvientCrew goes live

AvientCrew, a sophisticated crew management system, provides an integrated solution that enhances decision support capability to support the crew management needs of Jet Airways, which is one of India’s leading private airlines. Talking on the occasion V K Mathews, Chairman and CEO, IBS Group said “We are delighted to have an airline of the status of Jet Airways as our first Indian customer. We are encouraged that Jet Airways has seen the value of using a solution that will help them scale up to manage the increasing complexity of its crew operations as a result of flying to multiple domestic and international destinations. Our solutions are cost-effective and offer airlines the flexibility and scalability to gear their businesses to remain competitive in a rapidly evolving market. We are confident that this will see a prelude to other airlines in India following suit. We feel that the rapidly growing Indian aviation industry is now ready for our new-generation products and solutions.”

Inauguration of IBS’ Bengaluru Centre

The Bengaluru office is IBS’ 12th global centre and the 3rd in India, located at Brigade Techpark, Whitefield. The inauguration of the Bengaluru centre, underscores IBS’ plans to expand to become a 1000 crore company by 2010. In addition to the recently inaugurated first fully owned campus at Trivandrum, IBS has plans to set up its own campuses at Cochin and Kozhikode in the near future as also another development centre in Chennai. IBS is also looking at acquisitions in the coming months to build on their domain expertise.

On the occasion of the inauguration of the Bengaluru office, V. K. Mathews, Chairman and CEO, IBS Group, said, “We are excited about the opportunities that Bengaluru offers. The centre at Bengaluru will be our third in India following the two at Trivandrum and Cochin. Bengaluru is the premier IT innovation hub in the country and has the distinction of housing one of the largest IT clusters in the world in addition to being a recognized hub for the aviation industry in India. The opening of this centre will help us reach out to a large talent pool with industry experience as well as to prospective customers in the domestic market.”

IBS-a decade of growth

IBS is a domain centric, products-led IT company specializing in the travel transportation & logistics (TTL) sector. Operating in six lines of business, IBS possibly offers the widest range of software products and customized solutions that manage the mission-critical operations of airlines, airports, cruise lines, oil & gas companies, leisure resorts and seaports across the globe. IBS’ customer list of over 100 active customers includes the world’s best airlines, the busiest international airports, the best cruise lines and the top oil & gas companies.

The company’s experience and expertise in the niche travel, transportation and logistics sectors help it build functionally and technologically superior software products. In a market where the majority of IT companies offer services to their clients, IBS has emerged as one the key Indian software products companies that offer world-class new-generation software products to a global clientele. Software products are speculated to be the next big opportunity for the Indian IT industry, and IBS has already invested over 4500 person-years of R&D efforts developing products and owning the IP rights to 15 software products that cater to the niche TTL segment.

In a short span of ten years, the Company has scripted a remarkable story of growth. IBS today is a multinational, doing business from 12 global centres. IBS has posted a CAGR of 47.5% in the last ten years, resulting in an 800 fold increase on capital invested in 1997, as against a 35 fold increase in staff strength over the same period. Last year, General Atlantic LLC, a global growth investor in the technology sector, invested USD 60 million (Rupees 242 Crores) in IBS that will provide the strategic assistance to propel the Company in this phase of its aggressive growth strategy. IBS recently won the ‘Emerging Cargo IT Systems Provider of the Year’ award at the Air Cargo India 2008 event, for the comprehensive functionality, technology used and the range of business benefits offered by its new-generation airline Cargo Management System, iCargo.

Focus on the niche Travel, Transportation and Logistics industry segments and commitment to developing new-generation technology solutions have been the underlying factors in IBS’ growth. IBS has also been rated as one of the top 8 IT start-ups in India by Red Herring and one of the top 10 products companies by Business Today.

Sourced From: Hanmer & Partners Communications Pvt. Ltd

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