IBS Software (IBS) announced the completion of a multi-million dollar deal with Kronos to acquire Canada-based AD OPT, a provider of aviation crew optimization software.
The completion of the acquisition will allow IBS, a leader in aviation software, to leverage AD OPT’s domain expertise to offer an integrated digital solution for flight and crew management.
IBS and AD OPT will bring to the market an integrated software platform – iFlight, for crew planning, optimizing and tracking the crew operations of large and complex network carriers.
The acquisition of AD OPT will add more than 20 airline customers to IBS, expanding IBS’s footprint in North America and the rest of the world, and boosting its go-to-market capabilities. Customers include Air Canada, EasyJet, Emirates, FedEx, Garuda, Lion Air, and Qantas.
“IBS’s acquisition of AD OPT is a major milestone in our quest to become the leading technology provider to the global airline industry,” said VK Mathews, chairman of IBS Group.
The IBS Centre of Excellence in Montreal for crew optimization software development will be supported by an aggressive R&D investment strategy and designed to help clients innovate at speed and execute at scale.