Cochin (Oct 3, 2005) Shri. Oommen Chandy, Chief Minister of Kerala, today formally inaugurated IBS software development centre at Infopark, Cochin. This is IBS sixth centre in the world and second such centre in the state.

This is a major milestone for the Trivandrum-headquartered IBS and in line with the companys ambitious growth plans. Commencing with an employee strength of 57 in 1997, IBS plans to end the financial year with more than 1000 employees. An aggressive recruitment drive is currently on to meet these target. Plans are also afoot to generate an IBS campus within Technopark, Trivandrum and one at Cochin.

According to Mr. V K Mathews, Chairman & Managing Director, IBS Software Services, "Today is a significant landmark in the history of IBS. Our move to Cochin amply demonstrates our commitment to the state of Kerala. The opportunities in the state, its forward-looking IT policies and the quality of its manpower give home-grown companies like ours an edge over many".

The IBS Group with its successful global business model has made significant progress in the travel, transportation and logistics (TTL) domain and plans to close the financial year with contracts worth US$50 million (Apr05-Mar06). IBS success and growth plans got a fillip when Air New Zealand Cargo, Gulf Air and South African Airways Cargo joined it in the development of a next generation air cargo and logistics management system, "iCargo". IBS has also forged a successful business alliance with Cendant TDS (a leading Fortune 100 company) for the development of a new generation Passenger Services System, aiRES (formerly known as iRes). These are just a few of its major initiatives in the TTL domain.

IBS is a leading multi-national IT corporation that provides IT solutions for TTL with a clientele that includes three of the worlds top airlines, two world-renowned airports, and two of the top five oil companies.

About IBS Software Services

The IBS Group (IBS) is a leading IT solutions provider for the global Travel, Transportation and Logistics industry. A specialist in the domain, IBS offers a range of software solutions that manage mission-critical operations of major airlines, airports, oil and gas companies and seaports world-wide. In addition, IBS offers services that incorporate software development, business and technology consulting, turnkey solutions, customer support services, application maintenance, and business process outsourcing. IBS is SEI CMM Level-5 assessed, ISO 9001:2000 and TickIT certified, and operates two software production and competence development centres in India. With some of the worlds leading corporations as clients, IBS has business operations in the Americas, Europe, Asia-Pacific as well as the Middle East and Africa regions. More experience about IBS might be found on the web at www.ibsplc.com. For media enquiries, contact Pradeep P. Suthan at +91-471-2700080 or at pradeeps@ibsplc.com.