IBS Software Services has acquired US-based VISaer for an undisclosed sum to gain access to market for airline maintenance, repair and overhaul (MRO) solutions.

This is company’s fifth acquisition globally. Its previous buys include TopAir, Avient Technologies, Discovery Travel Systems and Hotel Booking Solutions.

VISaer provides a single, integrated business environment to control the core activities of fleet maintenance, repair airframes and engines.

The acquisition will include the operating assets of Visaer in the US and the

UK, employees, and global customer base, besides the 50-people strong company's Web-based MRO software system "Visaer".

The new company will operate as IBS Technics Inc., a fully-owned subsidiary of IBS Software.

Thiruvananthapuram-based IBS provides engineering solutions to the travel, transportation and logistics industries and has been keen to foray into the $40-billion global MRO market. The company has around 2,000 employees and has development centres in India and abroad. IBS is targeting revenue of Rs 1,000 crore by 2010.