IBS-Cendant tie-up offers airline industry software

Thursday, 25 March 2004, 08:00 Hrs
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THIRUVANANTHAPURAM: Indian software company IBS has entered into a strategic alliance with Cendant Travel Distribution Services to promote a new passenger services system (PSS) for the world's airline industry.

The product, i-Res, has been designed to replace legacy systems in the industry.

i-Res has been developed fully in-house at the Thiruvananthapuram Technopark-based IBS, which has been working on sophisticated airline software solutions that would address passenger reservations, inventory control, fares, ticketing and departure control needs of commercial airlines.

"We started this project in September 2001 and so far we have finished the first four stages. Now we are working to complete the remaining six stages. It took us nearly 800 man years and a whopping 1.5 billion to develop this," V.K. Mathews, chairman and managing director of IBS, said.

"The first sale of our product - to an American airline - would take place in three months and our product would be a huge hit if we are able to make about 20 airlines buy it," said Flo Lugli, senior vice-president of Cendant.

"We have entered into a 10-year contract with IBS which would provide software maintenance and support services while we would manage this product, do the sales and marketing."

This is believed to be one of the largest projects executed by an Indian software company. The two firms have entered into a 50-50 deal over profits.

Lugli said the product had come at the right time because the airline industry was undergoing a transformation and "we have found out that i-Res is competent enough and by far the most advanced PSS currently available".

Operating out of Technopark since 1999, IBS has emerged as a world leader in global travel, transportation and logistic domains in the air transportation, shipping, oil and gas industries.

It has an impressive client list that includes the British Airports Authority, Air Canada, Emirates, Dubai Airport, Shell, Gulf Share, Qantas and Qatar Airways.

Source: IANS
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