Eyeing a leadership position in the travel-tech industry globally, IBS Group will be launching a new vertical AI company for the global travel industry.The AI company-- Naviq Technology, will leverage the decades-long deep travel industry expertise of IBS Software with AI-first innovations to help customers transform their business by improving operational efficiency, personalising end-user experiences, and unlocking new revenue opportunities.Naviq Technology will operate independently from its affiliate companies within the IBS Group.Chief Minister V D Satheesan will inaugurate the new campus of Naviq Technology in Infopark, Kochi on July 23.V K Mathews, Founder and Executive Chairman of IBS Group, said the global travel industry is at a turning point, with organisations seeking smarter ways to operate and future-proof their businesses. Naviq Technology gives the market something it has not had before: a technology and consulting company that understands the complexities of global travel, anticipates industry challenges, and offers transformative solutions at scale using specialised AI tools.Backed by IBS Software’s expertise in travel technology, Naviq Technology will help travel achieve greater agility, efficiency and growth, and open new revenue streams”.With this launch, IBS Group is now uniquely positioned to deliver significant business value to its clients in the travel sector by combining its decades-long domain expertise with the potential of AI to magnify business outcomes.Naviq Technology will partner with leading global airlines, airports, cruise lines, vacation providers, and hospitality groups to lead large business transformations, modernise operations, adopt AI at scale to create new revenue streams, and shorten time-to-value. Naviq Technology will start operations immediately, with over 16 offices across the globe already established.Naviq Technology’s focus will be on areas where the travel industry will see the biggest investment in the coming years – AI adoption at scale, customer experience transformation, and data as the fabric for everything for intelligent operations. Its delivery model will make implementations faster and reduce the time to value.Published on July 9, 2026