M&A Deal Summary

IBS Software Acquires AD OPT Technologies

On May 19, 2019, IBS Software acquired software company AD OPT Technologies from UKG

Acquisition Highlights
  • This is IBS Software’s 2nd transaction in the Software sector.
  • This is IBS Software’s 1st transaction in Canada.
  • This is IBS Software’s 1st transaction in Quebec.

M&A Deal Summary
Date 2019-05-19
Target AD OPT Technologies
Sector Software
Buyer(s) IBS Software
Sellers(s) UKG
Deal Type Divestiture

Target

AD OPT Technologies

Montreal, Quebec, Canada
AD OPT Technologies, Inc. is an aviation software that provides crew management solutions to some of the biggest names in the global airline industry. AD OPT is a widely recognized name for over 30 years in the global aviation industry for digital innovation, and its progressive crew optimization technology helps airlines assign cockpit and cabin crew to the flights in the most optimal manner to achieve operational efficiency, maintain full regulatory compliance, reduce operational costs and at the same time improve quality of life of the crew.

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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 3 of 5
Sector (Software) 2 of 3
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-25 Hotel Booking Solutions

Atlanta, Georgia, United States

HBSi connects travel suppliers and distributors for instant transmission of availability, rates, inventory, and reservation confirmations. Automated 1-to-many connectivity empowers both suppliers and distributors to expand their reach, centralize operations, and increase revenue potential. Suppliers can connect to our Demand Partner Network and distributors to our Supply Partner Network with strategic guidance from our travel industry pros.

Buy -
FOLLOWING 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.

Buy -

Seller(S) 1

SELLER

UKG

Lowell, Massachusetts, United States
Category Company
Founded 1977
Sector Internet Software and Services
DESCRIPTION

UKG is a provider of cloud-based workforce management solutions. Company solutions, which include time and labor, scheduling, talent management, human resources, payroll, absence management, labor activity tracking, data collection, self-service and workforce analytics are designed for a wide range of businesses and organizations from single-site to large multi-site enterprises. UKG was founded in 1977 and is based in Lowell, Massachusetts.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 1
Type (Divestiture) 1 of 2
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 Digital Instinct Pty

Queensland, Australia

Digital Instinct Pty Ltd. is a provider of human capital and workforce management software solutions for casinos and casino resorts. Digital Instinct is based in Queensland, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Cadient Talent

Morrisville, North Carolina, United States

Cadient Talent provides applicant tracking and assessment products, delivered via a software-as-a-service model, to customers throughout the United States and Canada. Cadient offers one unified recruiting platform for salaried and hourly positions and is a leader in solving the complexities of high-volume, hourly hiring. The solution provides distributed managers with a constant pipeline of high-quality candidates for their workforce. Cadient Talent is based in Morrisville, North Carolina.

Sell -
Mergr

Product

Company

Legal