IBS Software, a Software as a service (SaaS) solutions provider to the travel industry, has completed the acquisition of Accenture Freight and Logistics Software (AFLS), which provides technology platforms to help airline and ocean transportation companies manage their freight operations.
IBS Software believes this move will strengthen its position as a technology provider to the air freight industry.
“Boosting the freight business is an increasingly critical priority for airlines and the AFLS acquisition consolidates latest innovations to accelerate growth, especially AFLS’ cloud-based collaboration platforms which deliver advancements in airline partnerships – a major focus area for carriers,” said IBS Software.
IBS Software makes another step closer to its vision of becoming an end-to-end player in the global freight supply chain, as the transaction is expected to help them to deploy their cargo and logistics management expertise in the ocean transportation sector.
IBS Software described the expansion into the ocean cargo segment as “a significant growth opportunity”.
To support this expansion, IBS Software will open a new development center in Chennai, its fourth in India, for travel, transportation and logistics. The center is expected to accelerate the company’s mission to transform how travel companies operate in a digital world by delivering next-generation products to accelerate growth, drive efficiency, and create differentiated customer experiences.
“The acquisition of AFLS is a strategically important milestone for our cargo and logistics business to broaden its global footprint, with ocean transportation being a natural adjacent industry in which to expand our expertise,” commented V K Mathews, executive chairman of IBS Software.
