Nasdaq-listed Ebix, also the parent company of ItzCash, said that it has acquired Indian online travel agent (OTA) Via.com for approximately $74.9 million. The acquisition will help US-based Ebix to enter the travel segment, expand geographies and enter South East Asia (SEA) region, and further strengthen Ebix’s position in the Financial Exchange market in India. Ebix will consolidate Via into its own EbixCash (earlier ItzCash) platform. Ebix said in a statement that the acquisition will enable the company to expand its distribution network to over 2.2 lakh retail/distribution outlets in SEA, along with offering significant cross-selling opportunities for Ebix’s EbixCash Financial Exchange portfolio of products. The acquisition will be made through a Singapore subsidiary of Ebix and is expected to be closed in the coming days. Ebix also announced that it expects the business to generate around $33 million in GAAP revenues in 2018 with approximately 30 percent…
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