After General Atlantic deal, IBS scouts for MRO buys
Economy Bureau
Posted online: Thursday , August 02, 2007 at 0035 hrs IST
Thiruvanananthapuram, Aug 1 After garnering
India's biggest private equity (PE) investment in IT products, IBS is scouting for good buys in the MRO (maintenance, repair and overhauling) space. Two or three potential acquisiton candidates are in the shortlist.
IBS software, a Technopark-based products company in travel, transportation and logicals (TTL) verticals,
has grown 700% in paid-up capital in a decade.
Not sated by $60 million preferential shares in investment from the Greenwich-based PE giant General Atlantic, IBS is also working on a roadmap for an IPO in 2009. "We're targeting to be valued at $1 billion by then," Mathews told reporters, here.
In the last five years, the company has made
three domain-based takeovers, two in US and one in UK.
The company has
ten overseas offices.
http://www.financialexpress.com/news...O-buys/208106/