IBS Software, a leading provider of next-generation IT solutions to the travel, transportation and logistics industry, has announced the acquisition of Moveo Systems, a Bangalore-based company.
A company spokesman said here on Tuesday that privately-held Moveo Systems develops innovative human interaction solutions for airports and enterprises.
REJIG AT TOP
With the integration, it becomes part of IBS and Mr Sankalp Saxena, its Chairman and Chief Executive Officer, becomes the President, Aviation Operations Services with IBS Group, heading the airline, airport and cargo operations.
The merger is expected to significantly enhance and strengthen IBS's airport operations line of business as also drive the enterprise mobility offering by leveraging the IP-based framework developed by Moveo.
Mr V.K. Mathews, Executive Chairman, IBS Group, said that Moveo Systems specialises in providing passenger relationship and information services to airport customers and users, an area of business interest to IBS.
It brings considerable proficiency in enterprise mobility, providing perfect synergy to IBS' existing operations, he added.
Ability to deliver information any where, any time through mobile application is of critical importance for a complete travel experience.
“With this integration, we have significantly augmented our capabilities to offer cutting edge solutions to help customers transform businesses” Mr Mathews said.
According to Mr Rajiv Shah, Chief Executive Officer, IBS Group, the aim is to widen the bouquet of offerings, speed up innovative practices and exceed customer expectations.
“The latest acquisition enables us to be in a position to leverage existing strengths into new opportunities. “It also provides a platform to provide fully integrated solutions to the industry by enhancing client experience,” Mr Shah added.
Product-driven innovation in the airport and mobility segments has been a mantra for success for Moveo from inception, Mr Sankalp Saxena said.
“Our airport information portal has set a new global benchmark for digital interactivity in airports. The merger with IBS will enable Moveo to hyper-accelerate the reach of such solutions to customers across the globe.
In addition, Moveo's expertise in enterprise mobility will further complement the solution offerings available for IBS customers, Mr Saxena said.
This is the sixth strategic acquisition of IBS in its 14-year history. IBS will now have an IT offering in all business areas of aviation - passenger reservation, airline and airport operations, aircraft maintenance engineering and cargo management.
Prior to this, IBS made two other acquisitions in Europe in 2002 and 2003, boosting capabilities in the airline and airport operations domain.
Three other acquisitions were consummated in the US in 2006 and 2008, expanding its solution portfolio to cover travel hospitality and aircraft engineering areas.