Travel companies can use the company’s solutions to streamline operations. Credit: JESHOOTS.COM on Unsplash.

Apax Partners (Apax), a private equity firm, has signed a deal to buy a minority stake in IBS Software for $450m from Blackstone.

Set up in 1997, IBS Software is engaged in providing software-as-a-service (SaaS) solutions.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Its solutions are used to support operations of companies in aviation, tour and cruise, hospitality and logistics sectors.

With a team of 4,000 people, IBS Software offers a suite of modular and cloud-native solutions.

According to the company, its solutions allow travel companies to streamline business operations such as cargo and logistics, flight operations, passenger services, loyalty programmes, cruise operations, energy and resource logistics, and hospitality distribution platforms.

IBS Software CEO Anand Krishnan said: “As the travel industry rapidly embraces digitalisation, we have a vital role to play in helping our customers accelerate revenues, drive efficiency and create differentiated customer experiences.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Apax has deep experience in partnering with leading SaaS providers and will be a strategic partner for IBS Software as we embark on a new phase of growth.”

UK-based Apax plans to work closely with IBS Software founder and executive chairman V K Mathews.

Following the transaction, Mathews will remain the majority shareholder of the company.

Apax partner Jason Wright said: “We believe there is tremendous growth potential ahead and look forward to leveraging our software experience to help IBS Software become a world leader in travel and logistics software.”

Subject to customary closing conditions, the transaction is expected to close at the end of the second quarter in 2023.