Kerala software firm bags $1 mn SITA contract

Wednesday, 23 April 2003, 07:00 Hrs
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IBS Software Services has bagged a big contract from SITA, a leading provider of information and telecommunications business solutions to the airline, travel and logistics industries.

THIRUVANANTHAPURAM: IBS, based at Technopark here with sales and business development offices in Atlanta (U.S.), Zurich (Switzerland), Dubai (United Arab Emirates) and Singapore, has won the contract worth $1 million.

Speaking to IANS over the telephone from Dubai, IBS CEO V.K. Mathews said: "This project is being run in several phases and involves management of complex data sets and text being generated from bits and bytes. The product is known as Airfare Plus Automated Rules System and is scheduled for delivery in the second quarter of 2003."

IBS has already signed a contract for developing a new generation cargo handling system for Mercator, the IT arm of the Emirates Airlines Group, at a cost of $4 million.

It also won a contract from Sharjah's department of sea, ports and customs for implementing a complete port management solution.

In March 2002, IBS had entered into a $1.5 million contract for supply of transportation and logistics solution to Gulf Share, a consortium of oil companies operating in the Gulf of Mexico.

Said Peter Kerbs, a top official of IBS Americas: "The contract with SITA would strengthen our position as a leading provider of software solutions to the airline industry. Today airlines are struggling to reduce cost and we are well positioned to help them bring down their IT spending."

IBS was the largest exporter of software from Kerala last financial year with a total turnover of 700 million.

Source: IANS

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