Software-as-a-service (SaaS) provider IBS Software has completed its acquisition of Accenture Freight and Logistics Software (AFLS).
AFLS provides technology platforms to help airline and ocean transportation companies manage their freight operations and grow through digital transformation and innovation.
IBS Software hopes that this acquisition will strengthen its position as a technology provider to the air freight industry and help it expand within the ocean transportation sector. The company intends to establish itself as an ‘end-to-end player in the global freight supply chain’, something it feels that this move will bring them one step closer to.
V K Mathews, Executive Chairman of IBS Software, said: “The acquisition of AFLS is a strategically important milestone for our cargo and logistics business to broaden its global footprint, with ocean transportation being a natural adjacent industry in which to expand our expertise.”
“It is a synergistic opportunity to bring our decades of experience and expertise to the ocean cargo business, as well as strengthen our own capabilities to provide greater value to the air cargo customers.”
Anand Krishnan, IBS Software’s Chief Executive, said: “Cargo and logistics are vital to the global economy. It’s an area ripe for growth and hungry for transformation.
“Recent moves by logistics businesses to enter air cargo as they seek to influence the supply chain at every level are evidence of the growing disruption in the sector. AFLS will be pivotal in our wider mission to transform the global supply chain through digital innovation.”
IBS Software is to open a new development centre in Chennai, India to support this expansion – the company’s fourth facility in India for travel, transport, and logistics.