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Ebix, Inc, international supplier of on-demand software and e-commerce services to the insurance, financial, e-governance and healthcare industries, has announced that one of its Singapore subsidiaries has entered into an agreement to acquire Bengaluru-based Via.com, an omni-channel online travel and assisted e-commerce exchange. The acquisition of Via expands on Ebix’s distribution network to over 224,000 distribution outlets in the South East of Asia, besides offering significant cross selling opportunities for Ebix’s EbixCash Financial Exchange portfolio of products. Under the terms of the agreement, Via was valued at a total enterprise value of approximately $74.9 million. The closing of the transaction is expected over the next few days. The acquisition is expected to be accretive to Ebix earnings immediately. Via has shown growth at a CAGR of 45 per cent over the last three years with over 110,000 distribution outlets and 8000 corporate clients. Its distribution network encompasses over 85,000 agents in India, 14,700 agents in Indonesia, 9,900 agents in Philippines, 600 agents in Singapore and 350 agents in UAE and Oman. Ebix intends to consolidate this acquisition into its Financial Exchange – EbixCash while bringing significant synergies and redundancies to the combined operation. The acquisition of the Omni-channel Business, would further strengthen Ebix’s position in the Financial Exchange market in India, as travel transactions can be one of the key areas of any leading financial exchange, with an estimated user base of 600 million in India alone. Vani Kola, Managing Director, Kalaari Capital said, “Ebix is a logical home for Via, as it complements EbixCash’s financial exchange portfolio perfectly, opening up tremendous cross-selling opportunities on both sides. We are excited about the possibilities this offers for both our customers and …

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