Udit AgarwalJust after buying the Bangalore based online to offline travel agency Via.com, insurance software firm Ebix Inc, has now acquired 90% stake in travel technology company Zillious Solutions Pvt Ltd for an undisclosed amount of sum.
“Zillious will remain a non-aligned technology platform, and Ebix will promote it internationally in key markets like West Asia, the US, and Asia, besides further establishing it as an on-demand travel technology exchange within India,” the statement said.
With following the acquisition, Zillious co-founders Harsh Azad and Rohit Gaddi, along with the team members will continue to work on the platform, the statement added.
Zillious is an on-demand technology initiative which fulfills the end to end technology which needs of travel management companies, corporate as well as with the online and offline travel agents. The Zillious exchange claims to process around more than eight million travel bookings annually, with the gross merchandise value of approximately of $1.4 Billion per year.
“Our decision to offload a majority stake to Ebix was based on our long-term vision to have a global footprint by expanding to the US, the UK, Asia, Australia, and New Zealand. With Ebix’s global reach, we will be able to fulfill this vision faster and seamlessly,” said Azad, Zillious co-founder, and director.
Ebix, a software service provider to the e-commerce, healthcare and financial industries has been on an acquisition spree in the country.
Picture Credits: Ebix