Ibs Software Acquires Accenture Freight And Logistics Software (Afls) To Bolster Air Cargo Capabilities And Extend Into Ocean Freight & Logistics
Feb 22, 2023•almost 3 years ago
Acquiring Company
IBS Software
Acquired Company
Ofload
Description
IBS Software, a leading SaaS solutions provider to the travel industry globally, has announced the completion of a transaction to acquire Accenture Freight and Logistics Software (AFLS). AFLS provides technology platforms to help airline and ocean transportation companies manage their freight operations and grow through digital transformation and innovation.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed