Acquisition to expand global cargo and logistics business

IBS Software has announced the completion of a transaction to acquire Accenture Freight and Logistics Software, which provides technology platforms to help airline and ocean transportation companies manage freight operations and grow through digital transformation. The acquisition will strengthen IBS Software’s leadership as a technology provider to the airfreight industry by bringing together complementary solutions and a shared vision for innovating and transforming the air cargo businesses, a company spokesperson announced. VK Mathews, Executive Chairman of IBS Software, said the acquisition is an important milestone for the company’s cargo and logistics business in its bid to broaden its global footprint, with ocean transportation being a natural adjacent industry to expand into. “It is also a synergistic opportunity to bring decades of our experience and expertise to the ocean cargo business, as well as strengthen our own capabilities to provide greater value to the air cargo customers.”