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The three leading IT parks in Kerala have housed 509 companies since 2016, employing 63,000 IT professionals, Vijayan said, adding that the number of startups has risen to 5,000 from 300 in the past eight years.
Thiruvananthapuram-headquartered IBS Software, a leading SaaS solutions provider to the travel industry globally, has reached an agreement to acquire hotel and travel technology provider Above Property Services (APS).The $90 million-transaction ...
New Delhi, May 15: Global VC firm Blackstone on Monday reached a definitive agreement to sell its stake in the Kerala-based software-as-a-service (SaaS) provider IBS Software to global private equity firm Apax for $450 million.
Following the transaction, Apax will partner closely with IBS Software's Founder and Executive Chairman, V.K. Mathews, who will remain the majority shareholder.
Global travel and logistics SaaS company IBS Software on Monday said Apax Funds will buy a minority stake in the company for USD 450 million. Post the latest transaction, IBS Software’s Founder and Executive Chairman V K Mathews will remain the majority shareholder. “Funds advised by Apax