Skift Take
IBS Software has taken a $90 million step toward its goal of becoming a "player of consequence" in hotel tech. It joins a group of others vying for the same.
IBS Software is expanding its presence in the hotel tech sector with the acquisition of Above Property Services for $90 million.
India-based IBS Software provides tech for the global aviation, tours, cruise, energy, cargo, and hospitality industries. For the hotel industry, that includes a booking engine and distribution platform for 36,000 properties. The company has 4,000 employees, with roughly 120 for the hotel business.
Founded in 2012, Above Property Services offers cloud-based management systems for hotels, specializing in those with large footprints, such as chains, resorts, and properties with restaurants and casinos.
The suite of products includes three major hotel tech systems: central reservation sy