October 22, 2007, Trivandrum, India: IBS Software Services, a leading global provider of new-generation IT solutions to the Travel, Transportation and Logistics industry, inaugurated its fully-owned campus at Technopark, today. The facility was inaugurated by the Chief Minister of Kerala, Shri. V S Achuthanandan. Also present on the occasion were Shri. Oommen Chandy, MLA, Leader of the Opposition, Shri. C Ajayakumar, Secretary IT, Government of Kerala, Shri. Radhakrishnan Nair, CEO, Technopark and CEOs and heads of various companies in Technopark, among others.

“The support of the State Government and the excellent infrastructure available at Technopark and Infopark have encouraged us to maintain Kerala as the hub for our India operations. The State is emerging as a key IT destination and IBS’ growth over a decade is testimony to our belief in Kerala.” said VK Mathews, Chairman & Managing Director, IBS Group. “This campus at Trivandrum, marks a beginning for the next level of our aggressive growth plans, as we aim to grow into a Rs 1000 Crores company by 2010. We also have plans to set up other campuses within Kerala in Cochin and Calicut and to open development centers outside the State.” he added.

The facility just inaugurated, is the first of four blocks in the IBS campus, spread over 5.26 acres of land within Technopark. With a built-up area of approx 4,50,000 square feet, the Campus will accommodate over 4,000 professionals in a spacious, self-sufficient, modern work-environment. Two multi-storey office blocks, an activity center, an open-air theater, cafeteria and parking lots are to be completed in the next phase. The campus is expected to cost Rs 125 Cr and will be completely operational by 2009.

IBS has developed the Campus under the SEZ Scheme as an approved co-developer, and the first phase has been completed at a record pace. The state-of-the-art facility, apart from 2 accommodating developers and engineers, will house the Company’s ASP datacenter from where application services will be provided to its customers world-wide.

IBS India currently operates out of two hundred thousand square feet of office space in three buildings within the Technopark, Trivandrum and two buildings within Infopark, Cochin. IBS also has two development centers outside the country in London and Washington DC in addition to its global business centers situated at Atlanta, Phoenix, London, Dubai, Hong Kong, Tokyo, Melbourne, Sydney.