wordpress blog stats
Connect with us

Hi, what are you looking for?

Ebix acquires Via.com, to consolidate with EbixCash

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…

Please subscribe/login to read the full story.
Written By

Writes about e-commerce, social media, tech and Internet ecosystem.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

News

Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ