Ebix acquires travel technology provider Zillious

Nasdaq-listed Ebix Inc, a provider of on-demand 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 non-aligned technology solutions. We have been in the business of setting up technology airports to power transactions, without taking any sides for decades now. Thus, this acquisition was a natural one for us as it allowed us to do the same in India’s fast-growing travel industry,” Ebix Chairman, President and CEO Robin Raina said.