KOCHI:
Technopark-based IBS Software Services (IBS) has won a major contract from
European cargo airline Lufthansa Cargo AG to implement iCargo, an air cargo
management solution developed by IBS.
The deal,
supposed to be one of the largest in the air cargo industry, is also viewed as
a significant achievement for the Indian IT industry. "We can confirm
having signed the contracts with IBS," Matthias Eberle, director of
communications of Lufthansa Cargo, replied to an email query of The Times of
India. The company is planning a press conference with IBS in
Thiruvananthapuram on November 25 to announce the deal.
IBS
developed iCargo in collaboration with major airlines like South African
Airways Cargo, Gulf Air, Air New Zealand Cargo, Qantas Freight and Australian
Air Express. The solution helps airlines to improve cargo revenues and volumes,
along with profitability and customer service, while cutting down operational
costs. Other iCargo users include Austrian Airlines,
Nippon Cargo Airways, All Nippon Airways and Tokyo International Air Cargo
Terminal.
IBS,
founded by Kochi-born V K Mathews in 1997, is also planning an Initial Public
Offering (IPO) in 2013. The company had attracted $60 million (Rs 330 crore)
investment from General Atlantic LLC, a US-based private equity and venture
capital firm, in 2007. In the last decade, IBS acquired five companies in the
US and UK.
Frankfurt-based
Lufthansa, the largest scheduled cargo airline in Europe, handled 1,885 tonnes
of cargo in 2011.
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