IBS acquires Moveo Systems to enhance airport operations business

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Tvm: IBS Software, a leading global provider of next generation IT solutions to the Travel, Transportation and Logistics industry has acquired Moveo Systems, a Bangalore based privately held company developing innovative next generation human interaction solutions for airports and enterprises. The merger will significantly enhance and strengthen the Airport Operations Line of Business of IBS as well as drive the enterprise mobility offering for the company by leveraging the IP-based framework developed by Moveo.

This is the sixth strategic acquisition of IBS in its 14 year history making it the only single vendor in the world with an IT offering in all business areas of aviation – passenger reservation, airline and airport operations, aircraft maintenance engineering and cargo management. Prior to this acquisition, IBS made two acquisitions in Europe in 2002 and 2003, strengthening its capability in airline and airport operations domain and three company acquisitions in the USA in 2006 and 2008, expanding its solution portfolio to cover travel hospitality and aircraft engineering areas.

In a release, V K Mathews, Executive Chairman, IBS Group said, “Moveo Systems specializes in providing passenger relationship and information services to airport customers and users, an area of business interest to IBS. Moveo Systems brings considerable proficiency in enterprise mobility, providing perfect synergy to IBS’ existing operations. 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 that help our customers transform their businesses”.

With its headquarters in Technopark, Trivandrum; IBS has 10 offices worldwide with development centres in Infopark, Kochi and Bangalore.

Kerala IT News

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