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®)
Singapore
NaplesInformation TechnologySoftwareHospitalityTravelSaaSinformation technology & servicesSoftware DevelopmentDescription
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.
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Frequently asked
Who acquired Above Property Services (APS®)?
Above Property Services (APS®) was acquired by IBS Software, based in Singapore. 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, and is based in Naples.
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