Travel technology company IBS Software announced its agreement to acquire AD OPT, an aviation software company, from Massachusetts-based Kronos.
The crew planning and optimization platform of AD OPT currently powers top airlines such as Air Canada, EasyJet, Emirates, FedEx, Garuda, Lion Air, and Qantas.
Prior to this, IBS has made six strategic acquisitions – three in the USA, two in Europe, one in India.
Some of the clients of IBS include British Airways, KLM and Emirates. This acquisition will help IBS leverage AD OPT’s domain expertise to provide the integrated digital solution for the complex task of flight and crew management.
The acquisition of AD OPT will add more than 20 airline customers to IBS, widening IBS’ footprint in North America, boost IBS’ go-to-market capabilities and enhance addressable market.
Post the acquisition, IBS will take over the office of AD OPT in Montreal and evolve it into a Centre of Excellence dedicated to crew optimization technology.
“AD OPT offers a suite of airline crew planning and optimization products, a sizeable customer base and an experienced team of professionals,” said VK Mathews, executive chairman of IBS Group.