MUNICH, Germany, May 12 /PRNewswire/ --

- IBS to Re-Engineer OAG's Air Freight Rates Application

OAG Cargo Solutions (http://www.oagcargo.com), a leading data and online
information services business for the global airfreight industry and part of
UBM Aviation, announced today it has signed an agreement with IBS Software
Services (http://www.ibsplc.com) to develop its next generation Air Freight
Rates application, AFRA-2. IBS, a specialist in the aviation technology
domain, will deliver a completely new application that will significantly
enhance the way airlines, GSA's and freight forwarders interact on the
distribution, management and selection of real-time airfreight rates.

AFRA is an online, real-time rate distribution and management
application. It enables airlines to distribute their rates electronically and
forwarders to manage air freight rates and optimize the selection of
carriers.

The new application will use new-generation technology, incorporating
several vital functionalities to transform the way airlines upload, manage
and distribute their rates. Once re-engineered by IBS, AFRA-2 will deliver
improved overall performance in a reliable and fully web-enabled environment.
It will use modular three-tier architecture for increased security, and
provide an intuitive and flexible application which is scalable. Most
importantly for users, the technology will capture and process the data much
more efficiently which will ensure that AFRA delivers a fast, accurate and
totally reliable air freight rates service to airlines, freight forwarders
and integrators alike.

The announcement was made at the Air Cargo Europe Exhibition & Conference
in Munich.

Mike Navin, Managing Director, OAG Cargo Solutions said: "We are pleased
to be working with IBS Software Services. We are on target to release a
preview version to the market in September and eagerly await delivery of the
first phase of the development. Simplifying some of the functionality and
streamlining certain features will ensure AFRA-2 delivers a better user
experience based on a completely new interface and enhanced product features.
We have listened to our customers and have already received interest from
companies wishing to white label AFRA-2 as a full-service option for their
own clients."

Peter Cefai, President & Head, Global Business Operations, IBS
Group said: "We are very excited to enter into this alliance with OAG and
view this relationship as a strategically important one. OAG is a well
respected brand globally in the travel industry and having them as a client
is yet another feather in IBS's cap. This further underscores IBS's
credentials as one of the fastest growing providers of solutions to the
travel, transportation and logistics industry."

Malvinder Singh, CIO, UBM Aviation, added: "We were impressed by the
level of domain experience and technology expertise offered by IBS. Their
proven background in delivering high-tech solutions is an excellent fit with
OAG's renowned aviation data business. We are looking forward to a mutually
beneficial partnership."

OAG Cargo is exhibiting at Air Cargo Europe 2009, booth number 309,
exhibition hall A4.

About OAG Cargo Solutions (http://www.oagcargo.com)

OAG Cargo Solutions provides an expanding portfolio of innovative
products and services to the global air cargo community. Its air freight
community portal OAGcargo.com includes tools for routing and shipment
planning, dangerous goods regulations, a real-time air freight rates
database, air and road schedule data, tracking and analysis solutions and
multi-media cargo schedule products. Its renowned Inforwarding service has
more than 26,000 registered freight forwarding and airline users in 26
markets worldwide. It is part of UBM Aviation (http://www.ubmaviation.com), a
global data and information business serving the passenger aviation, air
cargo logistics, maintenance repair & overhaul (MRO) and business travel
communities with information products, market intelligence, news and events.

About IBS (http://www.ibsplc.com)

The IBS Group (IBS) is a leading global provider of new-generation IT
solutions to the Travel, Transportation and Logistics (TTL) industry. A
specialist in the domain, IBS offers a range of products and services that
manage mission-critical operations of major airlines, airports, oil and gas
companies, seaports, cruise lines and tour operators world-wide. IBS is SEI
CMMI Level-5 and PCMM Level 5 assessed, ISO 9001:2008, TickIT and ISO
27001:2005 certified. The group has software development centres in Atlanta,
Bangalore, Boston, Cochin, London, Tokyo and Trivandrum, and operates out of
thirteen business centres in the Americas, Europe, Asia-Pacific, the Middle
East and Africa.

IBS' "Software Services Line of Business" focuses on providing bespoke
services to enterprises in the TTL sector. They provide application
development and re-engineering, technology and data migration, testing,
business intelligence and data warehousing, and usability engineering
services through a global delivery model. They also use their domain specific
technology competency to provide onsite consulting and staff augmentation
services, and innovative frameworks that are readily deployable.