IBS Software, a leading SaaS provider, has acquired Accenture Freight and Logistics Software (AFLS) to strengthen its leadership as a technology provider to the airfreight industry and broaden its global footprint. The completion of the acquisition process was announced in a release issued by IBS on Wednesday.
The acquisition will bring together complementary solutions and a shared vision for innovating and transforming the air cargo businesses. AFLS provides technology platforms to help airline and ocean transportation companies manage freight operations. It will help IBS Software to enter the air and ocean freight sector and offer its customers comprehensive solutions.
V K Mathews, Executive Chairman of IBS Software, commented on the acquisition, “It is a strategically important milestone for IBS Software’s cargo and logistics business. This acquisition helps us to provide comprehensive solutions to our customers while expanding our global footprint.”
The move is expected to create a win-win situation for both companies, allowing them to utilize their strengths and expertise. IBS Software will be able to leverage the technology and services offered by AFLS to offer enhanced products and services to its customers. AFLS, on the other hand, will benefit from the global presence and customer base of IBS Software.
The acquisition marks a significant development in the SaaS industry and is expected to bring about major changes in the air cargo sector. IBS Software’s customers will now have access to advanced solutions that can help them streamline their operations and enhance their customer experience.