IBS Soft in tieup with Kingfisher Airlines

Chennai/Bangalore: IBS Software Services, a provider of IT solutions to the travel, transportation and logistics industries, has marked its entry into the domestic air cargo space by signing a five-year contract with Kingfisher Airlines to deliver cargo management solutions via its software-as-a-service (SaaS) offering iCargoNet.
V K Mathews, chairman and CEO of Thiruvananthapuram-based IBS Group, said the contract would be priced on a per-transaction basis under the SaaS mode and would be hosted and delivered out of the company’s 2,000-people strong development centre in Thiruvananthapuram.
iCargoNet, which is expected to contribute 15-18 per cent of IBS’s revenues in fiscal 2009, provides a unified solution which can be implemented across different cargo touchpoints of the enterprise.
The contract with Bangalore-based Kingfisher Airlines will help it manage its cargo business ranging from planning, sales, operations, ground handling, and Unit Load Device management to cargo revenue accounting and revenue optimisation functions.
The iCargoNet implementation comes at a time when Kingfisher is seeking to grow its cargo business in the domestic market while optimising its cost of operations.
IBS officials said iCargoNet would also help Kingfisher optimise the inventory of its flights and monitor capacity utilisation and revenue generated by each flight as the flight builds up and before it takes off.
On the company’s inorganic growth plans which have been taking shape for the past six years, Mathews said IBS was in the process of consolidating its strategic acquisitions since 2002 by undertaking a global integration program for the acquiree companies. “We will be looking at our next acquisition sometime next year,” Mathews said.
14/08/08 Business Standard

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Categories: Cargo Aug 2008, Kingfisher Aug 2008