IBS acquires Discovery Travel Systems

MUMBAI: IBS Software Services, an IBS Group company, and a provider of software solutions to the travel, transportation and logistics industries, has announced its Asset Purchase Agreement with Discovery Travel Systems, L.P. (DTS), based in Washington, D.C., USA. This acquisition marks IBS' entry into the leisure travel and tour industry.

DTS is a successful IT company providing 'business to business' (B2B) travel technology systems to cruise, tour, and vacation travel industry. With customers located all over the world, and predominantly in North America, DTS will leverage IBS' resource pool, global presence and delivery capabilities to meet customer needs and further enhance their area of operations. DTS' client base includes major cruise companies such as Cunard, Royal Caribbean, MSC and Star Cruise; and Brendan Vacations within the tour and vacation marketing operator industry.

This acquisition will help create a Travel and Cruise Line business unit for IBS. The Agreement includes acquiring of DTS facilities, resources and operational control of existing and future businesses.

V K Mathews, chairman & managing director, IBS Group, said, “This acquisition will enable us to diversify into other segments of the travel industry, thus expanding the scope of our operations.”

As a result of this acquisition, three of DTS's core products have become part of the IBS portfolio of offerings.