Trivandrum, 16 August 2007: IBS Software Services, a leading global provider of newgeneration IT solutions to the Travel, Transportation and Logistics (TTL) industry announced the setting up of a new office in Hong Kong, to provide business focus and support to the region, covering the PRC, Taiwan and the ASEAN countries. This new addition gains significance as IBS' tenth global centre in its tenth year of operations. With centres already functional in Tokyo, Trivandrum and Cochin, the Hong Kong office is the fourth IBS centre in Asia. According to VK Mathews, Chairman & Managing Director, IBS Group, "IBS has been growing rapidly in the past few years. We believe in providing support to our clients locally and this new office at Hong Kong will help us address customer needs in this region much more efficiently. With PRC and ASEAN countries becoming the fastest, economically growing region in the world, we foresee great business potential for growth and expansion by setting up an office here."

“IBS, with its comprehensive suite of products and solutions to the travel & transportation industry, will find the Hong Kong facility highly complementing and leveraging” said Keith Lamb, IBS’ Head of Operations, Hong Kong. Having worked with numerous customers across this region, Keith brings an in-depth understanding of the Asian market and over 30 years of experience in the Travel, Transportation and Logistics domain. Under his leadership, IBS is confident of achieving its business goals for the region.