Altaroc
Companies
IBS Software
Manager
Fund |
Fund manager
Co-invested company
sector
Technology / Software
regional split
Rest of the world
vintage
status
Portfolio
category
Strong growth
Apax XI LP
Apax

IBS Software

Co-invested company
The leading software platform for the global travel, aviation, and logistics industries.
IBS Software is a technology giant specializing in business software. Its cloud platform centralizes and manages the critical operations of the largest companies in the aviation, hospitality, and cruise industries, ranging from passenger reservations to fleet maintenance and cargo logistics.
Offices of IBS Software, a portfolio company Fund manager  Apax

IBS Software key figures

3900
people
16
global offices
8
acquisitions in 2022 and 2023
80%
The most profitable airlines are IBS customers.
Data as at
1/8/26
*Source: Public data from companies’ websites and social media accounts. For more up-to-date information, we invite our investors to view the report made available on their space.

The fpci The Altaroc Odyssey private equity fund is no longer accepting new investments.

About IBS Software

Managing an airline, a global hotel chain, or a fleet of cruise ships requires operational coordination of the utmost precision. In the aviation sector in particular, even the slightest error in crew scheduling, maintenance tracking, or cargo management can lead to major delays and exorbitant costs. Founded in 1997 in Trivandrum, India, IBS Software was created to address this immense logistical complexity.

The company is deploying a next-generation cloud-based (SaaS) software ecosystem specifically designed for the travel industry. Its platforms replace legacy, fragmented systems with a single, intelligent infrastructure. They enable airlines to automate their loyalty programs, plan flight itineraries, optimize supply chains in real time, and efficiently manage ground operations. Adopting these solutions guarantees global operators massive productivity gains and a significant reduction in their operating costs.

Having become the digital backbone for more than 170 institutional clients, IBS Software has established itself as a highly profitable strategic asset. Driven by the continued growth of its subscription revenue, the company has attracted the world’s leading investors. Following initial backing from General Atlantic Blackstone, the prestigious private equity firm Apax invested $450 million in the company in 2023. This major transaction, which values the company at over $1.5 billion, grants it the status of a global unicorn and solidifies its position as the undisputed leader in “TravelTech.”

In the same sector as IBS Software

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