Blackstone-backed IBS expects faster biz growth on rising digitalisation

Global PE fund Blackstone-backed IBS Software expects a faster growth in its business on the back of increasing digitalisation in aviation, tourism and hospitality sectors amid the coronavirus pandemic, its founder and Chairman V K Mathews said.

A provider of SaaS (software-as-a-service) solutions to aviation, tourism and hospitality sectors, IBS Software caters to around 200 clients across 25 countries, including the US, the UK, Dubai, Singapore, China and Japan.

The clients include Emirates, Etihad Airways, Qatar Airways, Korean Air and British Airways. It has also provided its flight operations and crew management service to the erstwhile Kingfisher Airlines and now-defunct Jet Airways in India.