IBS acquires Bangalore-based Moveo Systems

THIRUVANANTHAPURAM:  IBS Software has acquired Moveo Systems, a Bangalore-based private company, developing innovative next generation human interaction solutions for airports and enterprises. 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.“The merger would significantly enhance and  strengthen the airport operations line of business of the IBS as well as drive the enterprise mobility offering for the company by leveraging the IP-based framework developed by Moveo,” an IBS release said.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 US in 2006 and 2008, expanding its solution portfolio to cover travel hospitality and aircraft engineering areas.“Moveo Systems specialise in providing passenger relationship and information services to airport customers and users, an area of business interest to the IBS. Moveo Systems bring considerable proficiency in enterprise mobility, providing perfect synergy to the existing operations of the IBS.  Ability to deliver information anywhere, 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,” said V K Mathews, Executive Chairman of the IBS Group.“Product-driven innovation in airport and mobility segments has been the mantra for success of Moveo from our inception,” said Sankalp Saxena, Chairman and CEO of Moveo Systems. “Our airport information portal has set a new global benchmark for digital interactivity in airports and the merger with IBS would enable Moveo to hyper-accelerate the reach of such solutions to customers across the globe. In addition, our expertise in enterprise mobility would further complement solution offerings available for IBS customers”.