NEW DELHI, Feb. 15 -- EBIX will strengthen its position as the largest financial exchange in India and gains a foothold in the travel space with 10,000 agents, 300 corporate clients, B2C portals, and about 450 employees iStockphoto iStockphoto Nasdaq-listed Ebix Inc, a provider of ondemand software and e-commerce services, has acquired an 80 per cent stake in Indian on-demand SaaS travel technology solution provider Zillious Solutions Private Limited. The financial terms of the acquisition were not immediately disclosed.
The Zillious exchange processes more than 8 million travel bookings annually and conducts Gross Merchandise value of about $1.4 billion per annum.
"Ebix has a successful track history of two decades in terms of providing ...