TechnoparkToday.com>> Hon’ble Chief Minister of Kerala, Shri Pinarayi Vijayan launched the proposed fully-owned and managed office campus of IBS Software at Infopark, Cochin, today. This is the second dedicated office campus of IBS in Kerala, after Technopark Trivandrum.
Once completed, the Cochin office campus in will have a built-up area of 6 lakh sq ft in nearly 5 acres of land and will provide employment to over 6,000 employees. To be built in the most eco-friendly manner, the Cochin campus will also have state of the art facilities for an auditorium, basement parking, cafeterias, open theatre and recreation.
The first phase of the construction is expected to be completed by April 2019. Also present on the launch function held at the 5 acre SEZ facility were Shri. M Sivasankar IAS, IT Secretary- Government of Kerala, Shri Hrishikesh Nair, CEO- Infopark, and heads of various companies in Technopark and Infopark. IBS also operates from over 3 lakh sq ft of leased work space in Technopark (Trivandrum), Infopark (Cochin) and Prestige Shantiniketan (Bangalore) apart from its overseas offices in USA, Europe, Middle East, Australia and Japan. IBS currently has over 3,000 employees from 20 different nationalities.
In 2015, the world’s biggest private equity investor, Blackstone, invested Rs 1,400 cr in IBS for a minority shareholding. This is the largest investment by a private equity player in any company in Kerala and the largest investment in a software product company in India.
“IBS is a great example of what perseverance, integrity and team work can do. From modest beginnings, we have scaled great heights to be a major player in IP led business on the global arena. We are now on the threshold of a new and exciting growth phase and our desire to have our second fully owned office campus is a testament to this. Choosing Cochin for our expansion plans is an acknowledgement not only of the facilitating infrastructure in the IT parks of the state, but also of the unstinted support we have received from successive Governments in Kerala. This is indeed a proud moment for all of us at IBS” said VK Mathews, Founder & Executive Chairman of the IBS Group.