INDIA'S SOFTWARE COMPANY ACQUIRES US FIRM

India's IBS Software Services, a software developer for the travel industry, on Thursday announced acquisition of US-based Discovery Travel Systems, a leading solutions provider to the travel marketplace. "This acquisition will enable us to diversify into other segments of the travel industry, thus expanding the scope of our operations," said V.K. Mathews, chairman and managing director, IBS Group. "The high profile DTS clientele and the high potential of leisure travel and vacation industries worldwide make it even more exciting for us to enter this industry segment," he added. Mathews said DTS' business operations in the leisure travel domain would complement their business relationships with airlines, travel agencies, hotel chains, car rental agencies and augment their strengths in areas like airline reservations and check-in. "This sale will provide significant benefits for our existing and future clients," said John Broughan, president of DTS.