Trivandrum, 18th August 2009: Leading IT solutions provider to the global travel, transportation and logistics industry, IBS Software announced that S7 Cargo acting on behalf of S7 Airlines and GLOBUS airline, based in Russia, has signed up for iCargo, its new-generation cargo management solution. The S7 Cargo has chosen iCargoNet, the SaaS offering of iCargo, that will be hosted from IBS’ state-of-the-art data centres. With this the total number of cargo customers for IBS has grown to 19 in a very short time. iCargo, developed in association with a Core Group of Influencers comprising 6 leading airlines in theworld, has, within a span of a few years grown to be an industry leading air cargo management solution globally. The IBS solution was selected by S7 Cargo for its strong customer service and proven ability to help cargo carriers in significantly increasing operational effectivity and cost efficiency. iCargoNet, the hosted version of iCargo lowers the total cost of ownership and facilitates transaction-based pricing,whilst bringing new benefits such as ease of global distribution and ability to add new modules and system features as the business needs of the airlines grow and change.

“There are modern cargo market issues including tight competition which drive airlines to strengthen control over business and to use sophisticated management along with expenses minimization. To increase effectivity of cargo transportation business of airline and promote customer services, S7 Airlines, GLOBUS airline and S7 CARGO have decided to implement a cargo reservation system. Upon detailed analysis of cargo reservation solutions available in the world’s IT market, S7 CARGO put its choice oniCargo by IBS. Main advantages of iCargo for S7 Airlines and GLOBUS airline, incorporated to S7 Group,are conformity to modern requirements, cost-effective solution and up-to-date instrumental content.” said Alexander Ushnurtsev, General Director of S7 Cargo LLC, the General Sales Agent of S7 Airlines and GLOBUS airline.

“What is significant is that an increasing number of customers are weaning away from well-establishedexpensive legacy systems and moving to iCargo, which is a testimony to the value proposition of our cargo management solution. We have identified Russia as an important market for us and we are now setting up a Russian help desk to support our customers in the region. We are delighted that S7 Cargo selected us to be the IT enabler for S7 Airlines and GLOBUS airline cargo business. We believe them joining us is a confirmation of the acceptance of our product and business model in that geography and I am sure we will have many more successes in that market soon.” said Akshay Shrivastava, Senior Vice President and Global Head of IBS’ Cargo Line of Business.

More about iCargoNet

iCargoNet is a Software as a Service (SaaS) based hosted offering of IBS Software’s next generation cargo management system, iCargo, that uses the power of the internet to deliver all the functionalities of iCargo, while lowering the total cost of ownership. Powered by state-of-the-art data centres, world-class 24x7 helpdesk, network managed services and post production support, iCargoNet is a robust, reliable solution that meets the needs of any carrier, no matter the size or transaction volumes. iCargoNet is scalable, secure and highly cost-effective single solution for meeting the automation needs of a cargo carrier or an airport in the areas of cargo reservations, sales & planning, cargo ground handling and cargo terminal operations, mail handling, ULD Management, AWB rating & cargo Revenue Accounting, and cargo revenue management.

iCargo’s current global customer list includes a number of major air cargo operators, such as All Nippon Airways, Austrian Airlines, Avient Cargo, CargoJet, Kingfisher Airlines, Nippon Cargo Airlines, Qantas and Tokyo International Air Cargo Terminal (TIACT)

About S7 and Globus

S7 Airlines (S7) and GLOBUS airline (GH) are headquartered in Moscow, Russia and are fast developing leaders in domestic cargo transportation in Russia. S7 Airlines and Globus Airlines are incorporated to the S7 Group. They have a fleet of 41 aircraft (including 8 aircraft of GLOBUS airline) and 2 on order. S7 Airlines and GLOBUS airline operate scheduled passenger flights to Russian and CIS destinations, as well as international services to Bulgaria, China, Egypt, Germany, Ireland, Israel, Montenegro, South Korea, Spain, Thailand, Vietnam, Turkey and the United Arab Emirates. Their main bases and hubs are Domodedovo International Airport (DME), Moscow and Tolmachevo Airport (OVB), Novosibirsk, with a further hub at Irkutsk International Airport (IKT), Irkutsk. Domestic routes network of S7 Airlines and GLOBUS airline is the largest in Russia.