Blackstone to Invest $170 Million in IBS Software

Published: 18th December 2015 05:08 AM  |   Last Updated: 18th December 2015 05:08 AM   |  A+A-

KOCHI: Kerala-based Global travel, transportation and logistics technology firm IBS Software has received $170 million (about Rs 1,136 crore) of funding from private equity major Blackstone for an an undisclosed minority shareholding. Blackstone is buying out the stake that PE firm General Atlantic has held in IBS since 2007, as well as that of other shareholders. The transaction is expected to close within a month, subject to customary regulatory approvals. IBS has a global presence with nearly 3,000 professionals across nine offices and provides a range of new-generation software products to some of the world’s best airlines, busiest airports, leading cruise lines, major travel distributors and top oil and gas companies. “Investment by a global tier-1 PE player is an endorsement of the relevance and significance of what we do and our financial strength, and also a validation of our industry vision, the business model that we operate and standards of corporate governance,” said VK Mathews, founder and executive chairman of IBS Group. 


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp