M&A

M&A

IBS Software closes deal to take over Accenture Freight and Logistics

Business Line  

Thiruvananthapuram-headquartered IBS Software, a SaaS solutions provider to the travel industry, has acquired Accenture Freight and Logistics Software (AFLS), which provides technology platforms to help airline and ocean transportation companies manage freight operations. ALFS, a subsidiary of IT giant Accenture, has a strong heritage in ocean freight innovation with a suite of new-generation platforms that enable ocean carriers to automate critical business functions and make data-led decisions for commercial operations. Consequent to the acquisition, IBS Software will open a new development centre in Chennai, its fourth in India, for travel, transportation and logistics. The transaction is expected to help IBS Software to deploy its cargo and logistics management expertise in the ocean transportation sector.