IBS Wins Cendant Deal For Airline Apps

Thiruvananthapuram | Updated: Mar 26 2004, 05:30am hrs
After its acquisition of the UK-firm Avient from Honeywell, Thiruvanantha-puram-based IBS has bagged a 10-year contract from the $14-billion New York-based Cendant Corp for air passenger service solutions. An agreement to this effect was recently signed between the two firms.

According to IBS Group chairman and managing director VK Mathews, though the agreement centres around iRes, its passenger service product, IBS expects to tap the US market for more opportunities. The IBS Software Services' clientele comprises British Airports Authority, Air Canada, Emirates, Dubai Airport, Shell, Gulf Share, Qantas and Qatar Airways.

However, Mr Mathews declined to comment on the total amount involved in the deal. IBS has been working on the project from September 2001 and first four stages are through. There are six stages. It took us nearly 800 man years and about Rs 1.5 billion to develop this, he said.

According to Ms Flo Lugli, senior vice-president, Cendant Travel Distribution Services, the first sale of the product - to an American airline - would take place in three months. It would make ripples if we are able to make just 20 airlines buy it, she added. IBSs portfolio of offerings to the air transportation industry includes iRes (New Generation Passenger Services System), iMacs (Mail Tracking System), and TopAir (Integrated Flight Operations System).