IBS Software, a leading provider of technology solutions across various industries, has announced its acquisition of Above Property Services for $90 million. The move signifies IBS’s strategic expansion into the hotel technology sector, aiming to offer a comprehensive suite of solutions to its clientele.
The acquisition bolsters IBS Software’s capabilities in the hotel technology domain, enabling the company to provide end-to-end solutions for major hotel operations. This strategic move underscores IBS’s commitment to becoming a prominent player in the global hotel tech landscape, offering enhanced resources and expanded technology to its clients.
With the acquisition, Above Property Services gains access to additional resources, facilitating its expansion plans. Under the leadership of Aaron Shepherd, the company’s founder and CEO, Above Property Services aims to capitalize on emerging opportunities in the post-pandemic hospitality market.
With the acquisition, Above Property Services gains access to additional resources, facilitating its expansion plans. Under the leadership of Aaron Shepherd, the company’s founder and CEO, Above Property Services aims to capitalize on emerging opportunities in the post-pandemic hospitality market.
Looking ahead, IBS Software plans to integrate Above Property Services’ products into its existing portfolio, catering to both existing and prospective clients. The company aims to leverage its strengthened position in the market to drive further growth and innovation in the hotel technology sector.
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By Proptechbuzz
By Ravi Kumar