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M&A Deal Summary

IBS Software Acquires Above Property Services

On January 16, 2024, IBS Software acquired internet software and services company Above Property Services for 90M USD

Acquisition Highlights
  • This is IBS Software’s 1st transaction in the Internet Software and Services sector.
  • This is IBS Software’s largest (disclosed) transaction.
  • This is IBS Software’s 3rd transaction in the United States.
  • This is IBS Software’s 1st transaction in Florida.

M&A Deal Summary
Date 2024-01-16
Target Above Property Services
Sector Internet Software and Services
Buyer(s) IBS Software
Deal Type Add-on Acquisition
Deal Value 90M USD

Target

Above Property Services

Naples, Florida, United States
Above Property Services (APS) offers cloud based travel software solutions. APS offers the only platform that can evolve seamlessly in response to industry demands, with credit to a microservices architecture that empowers continuous development and refinement. Above Property Services was formed in 2013 and is based in Naples, Florida.

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Buyer(S) 1

Buyer

IBS Software

Singapore, Singapore
Category Company
Founded 1997
Sector Software
DESCRIPTION

IBS Software is a global provider of new-generation IT solutions to the travel, transportation and logistics industries. IBS Software was formed in 1997 and is based in Singapore.

DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Florida M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-22 AFLS

United States

AFLS provides technology platforms to help airline and ocean transportation companies manage their freight operations and grow through digital transformation and innovation.

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