IBS Software Acquires APS® for $90 Million as It Targets Major Growth in Hospitality Sector
Acquiring Company
IBS Software
Acquired Company
Above Property Services (APS®)
Description
IBS Software, a leading SaaS solutions provider to the travel industry, has finalized the acquisition of Above Property Services (APS®) for $90 million. Through this strategic acquisition, IBS Software aims to expand its offerings by integrating state-of-the-art CRS, PMS, and RMS capabilities into its established booking engine and distribution platform, significantly increasing its addressable market in the hospitality sector. This acquisition reinforces IBS Software's commitment to providing a unified platform for managing the entire customer journey in the global hotel chain, resort, and gaming markets, while strengthening its position as a key player in the hospitality industry.
Quick answer
IBS Software is acquiring Above Property Services (APS®) for $90 million, announced January 16, 2024.
- How much did IBS Software pay for Above Property Services (APS®)?
- The reported deal value is $90 million.
- What does IBS Software do?
- IBS Software is a leading SaaS solutions provider to the travel industry globally, managing mission-critical operations for customers in the aviation, tour & cruise, hospitality, and energy resources industries.
- Who are the decision-makers at IBS Software?
- Fundz holds 2 contacts at IBS Software. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Hospitality and Travel
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Dayforce Completes Acquisition of eloomi (February 7, 2024)
- Q4 Inc. Obtains Final Order of the Court Approving Arrangement with Sumeru Equity Partners (January 30, 2024)
- Ceridian to Acquire eloomi, a Market-Leading Learning and Development Platform (January 18, 2024)
- Synopsys to Acquire Ansys, Creating a Leader in Silicon to Systems Design Solutions (January 16, 2024)
- Octopus Deploy Acquires Codefresh to Bring CD, CI, and GitOps Into One Trusted Platform (February 26, 2024)
- Perforce to Acquire Delphix, Adding Enterprise Data Management Software to its DevOps Portfolio (February 14, 2024)
Who to call at IBS Software, and when
When IBS Software changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day IBS Software raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at IBS Software, from your own LinkedIn network
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Frequently asked
Who acquired Above Property Services (APS®)?
Above Property Services (APS®) was acquired by IBS Software. The deal was reported on January 16, 2024. IBS Software is a leading SaaS solutions provider to the travel industry globally, managing mission-critical operations for customers in the aviation, tour & cruise, hospitality, and energy resources industries. IBS Software is privately held and operates in Information Technology.
When did IBS Software acquire Above Property Services (APS®)?
IBS Software's acquisition of Above Property Services (APS®) was reported on January 16, 2024. IBS Software, a leading SaaS solutions provider to the travel industry, has finalized the acquisition of Above Property Services (APS®) for $90 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Above Property Services (APS®) do?
Above Property Services (APS®) is leading the charge to deliver innovative, scalable, and services-oriented platforms for the global travel industry and other related verticals. We think differently, and we are constantly innovating. It is privately held, operating in Software Development.
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