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IBS to acquire Canadian aviation software major

IANS  |  Thiruvananthapuram 

In an attempt to step up its efforts to become a major provider in the global aviation industry, Technopark-headquartered has entered into a multi-million-dollar agreement with Massachusetts-based Incorporated to acquire

AD OPT, founded in 1987 in by a group of mathematicians and operations research experts, was acquired in 2004 by Kronos, a multinational and services company employing nearly 6,000 professionals worldwide.

Currently, the IBS staff strength is above 3,000 and are specialists in aviation software, supporting flight operations of large airlines, including British Airways, and

is a in that provides solutions to some of the biggest airlines across the world.

The frontline crew planning and optimization platform of currently powers some of the top airlines in the world, including Air Canada, EasyJet, Emirates, FedEx, Garuda, Lion Air, and

The acquisition is an integral part of IBS' growth strategy to become the leading provider to the worldwide.

Prior to this, IBS has made six strategic acquisitions -- three in USA, two in and one in -- in its 21-year history.

V.K. Ma0thews, Executive Chairman, said acquisition of world-class companies has been a deliberate strategy of IBS to fulfil its commitment to the aviation industry.

"AD OPT offers a sophisticated suite of planning and optimization products, a sizeable customer base and a highly experienced team of professionals. The coming together of IBS and AD OPT is, therefore, extremely relevant for the industry as it enables us to create the most advanced digital platform, delivering a for flight operations and crew management," said Mathews.

The acquisition of AD OPT will add more than 20 to IBS.

"IBS represents a well-established and logical acquirer of AD OPT - a game-changing combination which will bring meaningful expertise and complementary benefits to employees and customers of both organizations," said Bob Hughes, Chief Customer and Strategy Officer,

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, May 19 2019. 12:24 IST
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