TRIVANDRUM, May 25th, 2006 – IBS Software Services, an IBS Group company, and a leading provider of software solutions to the travel, transportation and logistics industries, has announced that Cendant Travel Distribution Services, the exclusive marketer of its next-generation Passenger Services System (PSS), aiRES, has signed an agreement with Virgin Blue Airlines. Australia’s 2nd largest airline, award winning Virgin Blue and its sister carriers currently operate a fleet of 51 modern Boeing 737 aircraft flying to 22 destinations across metropolitan and regional Australia, as well as eight International destinations.

Virgin Blue is the third high-profile customer to sign-up for aiRES, which provides airlines the most innovative and flexible technical foundation to fully support their business and the efficiency needed to compete in today’s ever-changing airline industry.

aiRES is built from the ground up on open systems technology and is designed to replace less flexible, more expensive legacy systems now common in the industry. The new, more efficient system supports future growth by providing comprehensive passenger reservations, inventory control, fares, ticketing, and departure control functions. It also offers a myriad of different airline business models for today’s ever-changing competitive environment. Designed to be fully configurable, aiRES allows airlines to respond quickly to an evolving market, without the need for complex and costly development.

According to VK Mathews, Chairman & Managing Director, IBS Group, "IBS is perhaps the only IT Company which has undertaken path-breaking initiatives to build new generation systems for all the areas of airline business – passenger services, cargo services and flight operations. We are very excited about Virgin Blue’s decision to go with aiRES, which I am sure, will keep Virgin Blue ahead of the competition. This win is a demonstration of the complementing strengths of Cendant and IBS to bring state-of-the-art solutions to the airline business.”

Cendant Corporation’s (NYSE: CD) Travel Distribution Services Division, is one of the world’s largest and most geographically diverse collections of travel brands and distribution businesses.

"aiRES is filling the industry need for an integrated, multi-hosting system built around a customer-focused -design that will provide the right foundation for an airline’s future success," said Flo Lugli – Senior Vice President, Airline Solutions, Cendant Travel Distribution Services. "Virgin Blue is a highly successful airline, known for its savvy and innovative business approach, and we are extremely proud that one of the most reputed new generation airlines in the world has chosen aiRES," she added.