IBS Software Services - About the company
IBS Software Services is a late stage company based in Thiruvananthapuram (India), founded in 1997 by Valayil Korath Mathews. It operates as a Provider of software solutions for airline, hospitality, and logistics sectors. IBS Software Services has raised $60M in funding from General Atlantic. The company has 153 active competitors, including 7 funded and 13 that have exited. Its top competitors include companies like Amadeus, Sabre and Portside.
Company Details
Provider of software solutions for airline, hospitality, and logistics sectors. It offers integrated systems for airline retailing, operations, and crew management; hospitality solutions including property management and distribution systems; and logistics software for air cargo, ocean cargo, and energy resources. These solutions encompass passenger services, loyalty management, and supply chain optimization. The company develops modular systems allowing clients to integrate full platforms or select individual components. Its offerings are designed to improve operational efficiency, enhance customer engagement, and drive revenue growth.
- Website
- www.ibsplc.com/
- Email ID
- *****@ibsplc.com
- Registered Address
- 521-524, NILA,TECHNOPARK CAMPUS, TRIVANDRAM, Kerala, India, 695581
Key Metrics
Founded Year
1997
Location
Thiruvananthapuram, India
Stage
Late Stage
Total Funding
$60M in 1 round
Latest Funding Round
Investors
Ranked
2nd among 153 active competitors
Annual Revenue
$100M - $500M as on Mar 31, 2025
Employee Count
6,187 as on Aug 31, 2026
Investment & Acquisitions
Legal entities associated with IBS Software Services
IBS Software Services is associated with 9 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
IBS SOFTWARE EUROPE LIMITED CIN: 4484344 , United Kingdom, Active | Jul 12, 2002 | - | 107 (As on Mar 31, 2024) | |
IBS SOFTWARE SERVICES PRIVATE LIMITED CIN: 112781423 , Australia, Active | Mar 02, 2005 | - | - | |
IBS SOFTWARE SERVICES AMERICAS, INC CIN: 42-1530280 , United States, Active | Mar 06, 2017 | - | 102 (As on Dec 31, 2019) | - |
IBS Solutions CIN: 40103477046 , Latvia, Active | Nov 04, 2011 | €1M - €10M (As on Dec 31, 2024) | 5 (As on Dec 31, 2022) | - |
IBS SOFTWARE PTE. LTD. UEN: 201412200W , Singapore, Active | Apr 27, 2014 | $100M - $500M (As on Mar 31, 2025) | - | |
INTERNATIONAL BUSINESS SERVICES GROUP PRIVATE LIMITED CIN: U72200KL2006PTC019172 , India, Active | Feb 10, 2006 | 0 - ₹10 Cr (As on Mar 31, 2025) | 2 (As on Mar 31, 2025) | |
IBS Software Pte Limited UEN: 201412200W , Singapore, Active | Apr 27, 2014 | - | 2974 (As on Nov 30, 2021) | |
IBS SOFTWARE SERVICES PRIVATE LIMITED CIN: U72200KL1999PTC012934 , India, Amalgamated | Mar 31, 1999 | ₹500 - ₹1,000 Cr (As on Mar 31, 2017) | 3071 (As on Mar 31, 2022) | |
IBS SOFTWARE PRIVATE LIMITED CIN: U72200KL2014FTC036668 , India, Active | May 30, 2014 | ₹1,000+ Cr (As on Mar 31, 2025) | 4160 (As on Jan 31, 2025) |
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IBS Software Services's funding and investors
IBS Software Services has raised a total funding of $60M over 1 round. Its latest funding round was a PE round on Jul 26, 2007 for $*****. 1 investor participated in its latest round. IBS Software Services has 5 institutional investors.
Here is the list of recent funding rounds of IBS Software Services:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 26, 2007 | 2724449 | PE | 2837070 | 5856272 | 4150881 | 8543309 |
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IBS Software Services' founders and board of directors
Founder? Claim ProfileThe founders of IBS Software Services is Valayil Korath Mathews. Somit Goyal is the CEO of IBS Software Services.
Here are the details of IBS Software Services' key team members:
- Valayil Korath Mathews: Founder & Executive Chairman of IBS Software Services. They serve on the board of 1 company.Contact Info: 1 email address
- Somit Goyal: CEO of IBS Software Services. They serve on the board of 1 company.Contact Info: 1 email address
IBS Software Services' Board of Directors
IBS Software Services's board has 10 active members. Valayil Korath Mathews, Jason Wright and Somit Goyal are part of team and Abhay Prabhakar Havaldar, Betsy Atkins, Girish Srikrishna Paranjpe, Theresa Mary Hull Wise, Douglas Mark Steenland, Girija Prasad Pande and Armin Kurt Meier are independent board members.Here is the list of IBS Software Services' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 8m | |
bylspmc | Team | - | Current | 1y 9m |
Investor | Apax | Current | 3y 0m | |
nlqqutu | Investor | eixkahn | Past | 3y 9m |
Independent board member | - | Current | 10y 5m | |
bzcceev | Independent board member | - | Current | 4y 9m |
spyagvc | Independent board member | - | Current | 5y 6m |
{uqexhj | Independent board member | - | Current | 8y 7m |
mmvllti | Independent board member | - | Current | 8y 4m |
lhdzotw | Independent board member | - | Current | 6y 1m |
xgyxdxf | Independent board member | - | Current | 4y 3m |
pwtck{t | Independent board member | - | Past | 4y 4m |
zm{zpzu | Independent board member | - | Past | 9y 3m |
fakbpb{ | Independent board member | - | Past | 1y 8m |
uaevkrg | Independent board member | - | Past | 7y 1m |
View details of IBS Software Services's Founder profiles and Board Members
IBS Software Services' employee count trend
IBS Software Services has 6,187 employees as of Aug 26. Here is IBS Software Services's employee count trend over the years:
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IBS Software Services's Competitors and alternates
Top competitors of IBS Software Services include Amadeus, Sabre and Portside. Here is the list of Top 10 competitors of IBS Software Services, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | SaaS-based operations management solution for the hospitality and aviation industry | - | 81/100 | ||
2nd | IBS Software Services 1997, Thiruvananthapuram (India), Late Stage | Provider of software solutions for airline, hospitality, and logistics sectors | $60M | 74/100 | |
3rd | Sabre 1960, Southlake (United States), Public | Provider of technology solutions for airlines, travel agencies, and corporate travel | - | 66/100 | |
4th | _1557289002643.png?devicePixelRatio=2&height=30&width=30){kind=logo} Portside 2017, San Francisco (United States), Series B | Developer of cloud based software for aviation fleet management operations | $70M | 64/100 | |
5th | Comply365 2007, Beloit (United States), Acquired | Provider of operational content, safety, and training management software solutions | $12M | 63/100 | |
6th | SITA 1949, Le Grand Saconnex (Switzerland), Funding Raised | Cloud-based end-to-end management solutions for the aviation industry | - | 62/100 | |
7th | Hamilton 2024, Palo Alto (United States), Seed | Provider of AI-based solutions for private aviation and marketing analytics | $9.8M | 56/100 | |
8th | Rockwell Collins 1994, Cedar Rapids (United States), Acquired | Provider of products and services for commercial and defense aerospace sectors | - | 54/100 | |
9th |  Veryon 1973, San Francisco (United States), Funding Raised | Provides aviation management software | - | 53/100 | |
10th | Provider of AI-driven travel and aviation technology solutions | - | - | 48/100 |
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IBS Software Services's Investments and acquisitions
IBS Software Services has made 1 investments in companies including ShopConnect. IBS Software Services has also acquired 5 companies including Above Property and AD OPT.Here is the list of investments & acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jan 16, 2024 | Acquisition | 2012 | Naples (United States) | |
Sep 13, 2021 | Investments | 2015 | Bengaluru (India) | |
May 19, 2019 | Acquisition | 1999 | Montreal (Canada) |
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Reports related to IBS Software Services
Here is the latest report on IBS Software Services's sector:
News related to IBS Software Services
Filter this listMedia has covered IBS Software Services for a total of 14 events in the last 1 year, 7 of them have been about company updates and 5 about partnerships.
•
Pan Am Partners with IBS Software for Loyalty Program Ahead of Aviation ReturnTravolution•Jul 01, 2026•IBS Software Services, Panam
•
Korean Air deploys IBS Software's iFlight Platform to transform Flight Operations and Crew ManagementPR Newswire•Mar 17, 2026•Korean Air, IBS Software Services
•
IBS Software appoints Christophe Roux to lead aviation passenger businessTravolution•Jan 20, 2026•IBS Software Services
•
Groupe Dubreuil Air Division partners with IBS Software for digital transformationPR Newswire•Dec 02, 2025•Groupe Dubreuil, IBS Software Services
•
Delta Cargo Implements IBS Software's iCargo Solution for Digital TransformationPR Newswire•Nov 18, 2025•Delta Cargo, IBS Software Services
•
PayCargo and IBS Software Strengthen Long-Term Collaboration to Advance Air CargoGlobeNewswire•Nov 12, 2025•IBS Software Services, PayCargo
•
IBS Software announces Strategic Collaboration Agreement with Amazon Web Services to redefine airline retailingMarTech Series•Nov 04, 2025•Amazon Web Services, IBM, IBS Software Services
•
IBS Software Appoints Abha Dogra as Chief Product Officer, Reinforcing AI-First ApproachTravolution•Oct 31, 2025•IBS Software Services
•
Thai Airways Selects IBS Software's iLoyal Platform for Digital Loyalty TransformationPR Newswire•Oct 28, 2025•THAI AIRWAYS, IBS Software Services
•
Jettainer Partners with IBS Software to Enhance Air Cargo OperationsLogistics Manager•Oct 15, 2025•Jettainer, IBS Software Services
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