Indian software company acquires US firm
IBS acquires US-based Discovery Travel Systems, a leading solutions provider to the travel marketplace.india Updated: Apr 06, 2006 16:50 IST
India's IBS Software Services, a software developer for the travel industry, Thursday announced acquisition of US-based Discovery Travel Systems, a leading solutions provider to the travel marketplace.
"This acquisition will enable us to diversify into other segments of the travel industry, thus expanding the scope of our operations," said VK Mathews, chairman and managing director, IBS Group.
"The high profile DTS clientele and the high potential of leisure travel and vacation industries worldwide make it even more exciting for us to enter this industry segment," he added.
Mathews said DTS' business operations in the leisure travel domain would complement their business relationships with airlines, travel agencies, hotel chains, car rental agencies and augment their strengths in areas like airline reservations and check-in.
"This sale will provide significant benefits for our existing and future clients," said John Broughan, president of DTS.
"Our 'personalised partnership' approach with each client will now be enhanced by the talented managerial and development group at IBS. It is a win-win for our employees and customers," he added.
Washington-based DTS has among its clients major cruise companies such as Cunard, Royal Caribbean, MSC and Star Cruise and Brendan Vacations.
IBS, headquartered at the Technopark, operates two software production and competence development centres in India. It has business operations in the US, Europe, Asia-Pacific as well as the Middle East and Africa.