Spot on, old bean.
Ibykos (also referred to with the Latin spelling Ibycus) is spelled with an iota and an ypsilon. The name itself is derived from the Cretan "ibykter", "one who begins a war-song" (Liddell-Scott).
For more on the poet himself, check out
http://perseus.mpiwg-berlin.mpg.de/cgi-bin/ptext?doc=Perseus%3Atext%3A1999.04.0062%3Aid%3Dibycus