IBS enters into pact to acquire Canadian firm AD OPT
Aviation software provider IBS Software has entered into a multi-million-dollar agreement with Massachusetts-based Kronos Inc. to acquire AD OPT, a market leader in aviation software providing crew management solutions to global airlines.
Kronos, a multinational workforce management software and services company employing nearly 6,000 professionals worldwide, had acquired the Montreal-based AD OPT in 2004.
The acquisition is an integral part of IBS’ growth strategy to become technology provider to the airline industry globally.
