IBS Software, a software as a service (SaaS) solutions provider to the travel industry, has announced the completion of a transaction to acquire Accenture Freight and Logistics Software (AFLS).
AFLS provides technology platforms to help airline and ocean transportation companies manage their freight operations.
IBS Software believes this acquisition will strengthen its leadership as a technology provider to the air freight industry by bringing together complementary solutions and a shared vision for innovating and transforming the air cargo businesses.
“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,” IBS Software said.
The transaction is expected to help the firm to deploy its cargo and logistics management expertise in the ocean transportation sector.
IBS Software characterised the expansion into the ocean shipping market as “a significant growth opportunity.”
IBS Software will open a new development centre in Chennai for travel, transportation, and logistics to support this expansion.
The centre 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.
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“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,” said Valayil Korath Mathews, Executive Chairman of IBS Software.
CEO of IBS Software, Anand Krishnan, said: “AFLS will be pivotal in our wider mission to transform the global supply chain through digital innovation.”
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