Bangalore, May 21, 2008: IBS Software, a leading provider of IT solutions to the global Travel, Transportation and Logistics industries, announced that it has acquired the business of US based VISaer Inc., a leader in aviation maintenance and engineering (M&E) software solutions. With this acquisition, IBS would be one of the initial players to cater to the technological needs of the Airline Maintenance, Repair and Overhaul (MRO) business in India.
The acquisition from VISaer Inc. and its parent Intelligent Systems Corporation (www.intelsys.com) involves the operating assets of VISaer in the US and UK markets, its employees, its global customer base and its web-based Maintenance Repair and Overhaul (MRO) Software System known as ‘VISaer’. VISaer joins an array of IBS’ software products that cater to Airline Operations, the other products being AvientCrew (airline crew management), AvientFleet (airline fleet management), and TopAir (integrated flight operations).
“The acquisition of VISaer is a strategic decision” V K Mathews, Chairman and CEO, IBS Group said. “Aircraft maintenance, repair and overhaul are vital functions for airlines and VISaer completes our portfolio of solutions that help airlines effectively manage their operational requirements. Through this acquisition, we also intend to create a global market leadership in the airlines MRO space; as the market, we know, is very fragmented.”
“The emergence of India as a global aerospace engineering hub will help us gauge developments in the industry and progressively enhance the product’s functionality to cater to both the global as well as the Indian aviation” Mr. Mathews added.
VISaer provides a single, integrated business environment to control the core activities of fleet maintenance, repair and overhaul covering airframes, engines and components. Over the years VISaer Inc. has a successfully built a clientele that includes leading airlines and MRO organizations such as China Southern Airlines Limited, Jordan Aeronautical Systems Company, Wood Group Gas Turbine Services, Copa Airlines and Qantas Airways Limited catering to their needs extensively. VISaer provides a platform for a unique suite of modules that completely fits the contract and project-oriented aircraft MRO industry.
“IBS’ acquisition has been to look at companies that enlarge/complement our solutions portfolio. VISaer has been an ideal choice meeting such criteria, with its marquee customers using its solutions for many years now. IBS’ inherent strengths such as domain expertise, scaleable delivery organisation and global sales and marketing network will help globalize the product offerings” says Jude Kishore, Head- Corporate Development, IBS Group.
This is a major acquisition for IBS and its 5th globally, having previously acquired TopAir from EDS (Switzerland, 2002), Avient Technologies from Honeywell Corporation (UK, 2003), Discovery Travel Systems (USA, 2006) and Hotel Booking Solutions Inc. (March, 2008).
VISaer, a leader in aviation maintenance and engineering solutions provides a web-based, fully integrated, easy to use, functionally rich, enterprise wide, computer system suited to the specific needs of companies operating in the aircraft maintenance, repair and overhaul industry. VISaer provides business process functionality in accordance with regulatory authorities and the commercial management required by the aviation industry. VISaer accommodates both Airline Maintenance and Engineering (M & E) as well as third party Maintenance, Repair and Overhaul (MRO) companies.