IBS enters into agreement to buy Canadian aviation company AD OPT

AD OPT's frontline crew planning & optimization services power some of the biggest airlines in the world
IBS Software, a travel technology specialist, has reportedly entered into a multi-million-dollar agreement with Kronos Incorporated, a Massachusetts-based software company, to acquire aviation software firm AD OPT.
Sources familiar with the matter informed that AD OPT was founded in 1987 in Montreal by the operations research experts and a group of mathematicians. In 2004, it was acquired by Kronos, the US-based workforce management software and services company employing around 6,000 professionals globally.
Presently, the strength of IBS staff is more than 3,000 and they are specialists in aviation software, providing support for flight operations of large airlines, including KLM, British Airways, and Emirates, sources added.
Apparently, AD OPT is a leader in the aviation software market, offering crew management solutions to some of the major airlines around the world. AD OPT's acquisition will add over 20 airline customers to IBS.
Sources mentioned that AD OPT's frontline crew planning & optimization services presently powers some of the biggest airlines in the world, including, Emirates, Garuda, Qantas, Air Canada, Easy Jet, FedEx, and Lion Air.
Seemingly, this definitive acquisition represents an essential part of IBS growth strategy to become one of the leading technology providers to the airline industry globally. Prior to this, in its 21-year history, IBS has made six strategic acquisitions including three in USA, one in India, and two in Europe.
According to Executive Chairman of IBS Group, V.K. Mathews, the acquisition of world-class travel technology companies has been a purposeful strategy of IBS to achieve its commitment towards aviation industry. AD OPT provides an experienced suite of a sizeable customer base, airline crew planning and optimization products, and a highly experienced team of professionals.
The coming together of AD OPT and IBS is, therefore, exceptionally relevant for the industry as it allows the company to develop the most advanced digital platform, providing a holistic solution for crew management and flight operations, Mathews added.
Source Credit: https://www.business-standard.com/article/news-ians/ibs-to-acquire-canadian-aviation-software-major-119051900268_1.html