IBS to launch Bangalore operations on Wednesday

CMN Correspondent

THIRUVANANTHAPURAM, INDIA: Kerala-based IBS Software Services will kick off its operations from Bangalore on Wednesday.

A global provider of new-generation IT solutions to the global travel, transportation and logistics industry, IBS had been busy planning to set up its new development centre in India’s silicon valley since quite a while now.

The Bangalore centre is the twelfth global centre for the company, and is expected to be followed up with a new Chennai facility by next fiscal.

IBS operates out of two Kerala locations in India and a third is expected to be operational in Kozhikode soon.

The Bangalore centre would initially have 300 professionals, and the company is planning to increase the number soon.

IBS has business operations in the Americas, Europe, Asia-Pacific, the Middle East and Africa, supported through 11 global business centres.

The company has been on the path of expansion and aims at being a Rs 1,000-crore company by 2010.

The company had recently kicked off operations at the first phase of its fully-owned campus at Technopark here, which has been developed under the government's SEZ scheme as an approved co-developer.

Spread across a built-up area of 4,50,000 square feet, the campus has facilities to seat more than 4,000 professionals. Being built at a cost Rs 125 crore, it is expected to be operational by 2009.

(cmn@cybermedia.co.in)