Ebix, Inc. acquired Pearl International Tours and Travels Ltd. for $3.4 million.
January 13, 2019
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Ebix, Inc. (NasdaqGS:EBIX) acquired Pearl International Tours and Travels Ltd. for $3.4 million on December 1, 2018. Post Completion Pearl International Tours and Travels Ltd shall be tightly integrated into Ebix, Inc. In a related transaction, Ebix, Inc. entered into an agreement to acquire Lawson Travels & Tours. Ebix funded the acquisition using its internal cash reserves. The two acquisitions will cumulatively add approximately 450+ employees, 11 branches and 10,000 agents, leading to EbixCash's travel portfolio having 2,200+ employees, 212,450+ agent network, 25 branches and 9800+ corporate clients. Ebix believes that the two acquisitions once fully integrated into its Via Division will generate operating margins of 30% or more, over the next few months. Ebix expects the acquisition to be immediately accretive to its earnings.
Ebix, Inc. (NasdaqGS:EBIX) completed the acquisition of Pearl International Tours and Travels Ltd. on December 1, 2018.
Ebix, Inc. is a provider of on-demand infrastructure software exchanges and e-commerce services to the insurance, financial, travel, cash remittance and healthcare industries. In the insurance sector, the Companyâs main focus is to develop and deploy globally a variety of insurance and reinsurance exchanges on an on-demand basis using software-as-a-service (SaaS) enterprise solutions in the areas of customer relationship management (CRM), front-end and back-end systems, and outsourced administrative and risk compliance. The Companyâs EbixCash Financial exchange portfolio of software and services consists of domestic and international money remittance, foreign exchange (Forex), travel, pre-paid gift cards, utility payments, and lending and wealth management in India and other primarily Southeast Asian markets. It operates India's airport Forex business, with operations in approximately 20 international airports, including Delhi, Mumbai, Hyderabad, Chennai and Kolkata.
EBIX, INC. 
