Friday, April 19

Tag: Ebix Inc

Indus Software Taken Over By Ebix For $29 million
21Jul By Gauri SinghNo Comments
ACQUISITION

Indus Software Taken Over By Ebix For $29 million

Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. Recently announced that it has acquired India based Indus Software Technologies Pvt. Ltd. (Indus), a global provider of enterprise Lending software solutions to financial institutions, captive auto finance and telecom companies, for approximately $29 million including $5 million of contingent earn-out. Indus will be tightly integrated into Ebix’s Financial Exchange, EbixCash offering in India and abroad, with key Indus business executives becoming an integral part of the combined EbixCash senior leadership. The acquisition of Indus will increase the employee strength of Ebix in India by 900 to approximately 7,200 ...
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Ebix To Acquire Online Travel Platform Via.com
1Nov By AnkitaNo Comments
ACQUISITION

Ebix To Acquire Online Travel Platform Via.com

Ebix Inc, the parent company of ItzCash, has marked its fifth acquisition in India by acquiring Sequoia backed online travel portal Via.com, it said in a press statement. This acquisition marks U.S. based on demand software supplier Ebix's distribution network to over 224,000 outlets in South-east Asia, besides offering significant cross-selling opportunities for Ebix’s EbixCash (former ItzCash) Financial Exchange portfolio of products, the company said. Bengaluru based Via.com's enterprise value for the transactions was $74.9 million, which is expected to be carried out within few days. Via.com is a travel deals aggregator and ticket booking portal and sells holiday packages. Operated by Flightraja Travels Pvt. Ltd, it was founded back in 2007 by Vinay Gupta and Amit Aggarwal. ...
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