M&A Deal Summary

Ebix Acquires Indus Software Technologies Pvt.

On July 20, 2018, Ebix acquired software company Indus Software Technologies Pvt. from R Systems International for 29M USD

Acquisition Highlights
  • This is Ebix’s 4th transaction in the Software sector.
  • This is Ebix’s 9th largest (disclosed) transaction.
  • This is Ebix’s 8th transaction in India.

M&A Deal Summary
Date 2018-07-20
Target Indus Software Technologies Pvt.
Sector Software
Buyer(s) Ebix
Sellers(s) R Systems International
Deal Type Divestiture
Deal Value 29M USD
Advisor(s) KeyBanc Capital Markets (Financial)

Target

Indus Software Technologies Pvt.

Pune, India
Indus Software Technologies Pvt. Ltd. is an enterprise software product development and services company. Indus provides a whole range of Enterprise IT services such as Application Development, Maintenance and Support globally. Indus Software Technologies Pvt. Ltd. was founded in 1989 and is based in Pune, India.

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Buyer(S) 1

Buyer

Ebix

Johns Creek, Georgia, United States
Category Company
Founded 1976
Sector Internet Software and Services
Employees10,030
Revenue 1.1B USD (2022)
DESCRIPTION
Entrance to Ebix's headquarters in Johns Creek, Georgia.
Entrance to Ebix's headquarters in Johns Creek, Georgia.

Ebix is a provider of software and e-commerce solutions to the insurance industry. Ebix was incorporated in 1976 and is based in Johns Creek, Georgia.

DEAL STATS #
Overall 27 of 32
Sector (Software) 4 of 5
Type (Divestiture) 6 of 6
Country (India) 8 of 13
Year (2018) 4 of 6
Size (of disclosed) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-19 Smartclass Educational Services Pvt.

New Delhi, India

Smartclass Educational Services Pvt. Ltd. is an e-learning Company engaged in the business of education services, development of education products, and implementation of education solutions for K-12 Schools. Smartclass Educational Services Pvt. Ltd. was established in 2014 and is based in New Delhi , India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-04 Miles Software Solutions Pvt.

Mumbai, India

Miles Software Solutions Pvt. Ltd. is a software provider to the financial services industry in India with solutions for brokerage, PMS, wealth management and treasury functions. Miles’ flagship product, Moneyware Integra, is used by majority of the domestic and global financial institutions. Miles also offers products for high net worth individuals. Miles Software Solutions Pvt. Ltd. was founded in 1999 and is based in Mumbai, India.

Buy $19M

Seller(S) 1

SELLER

R Systems International

Noida, India
Category Company
Founded 1993
Sector Information Technology
Employees4,191
Revenue 16.8B INR (2023)
DESCRIPTION

R Systems International is a specialized IT Services & Solutions and IT-enabled Services provider catering to a wide range of global customers. R Systems International was founded in 1993 and is based in Noida, India.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Swisscom AG - Intellectual Property Rights

Berne, Switzerland

Swisscom AG - Intellectual Property Rights is a provider IT services.

Buy $700K
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 Innovizant

Downers Grove, Illinois, United States

Innovizant LLC is an IT provider, focused on delivering innovative and value-driven business analytical solutions leveraging data science, data engineering and decision science to provide winning actionable insights assisting our financial services clients banking, Insurance and credit union business in achieve their business goals. Innovizant LLC was founded in 2016 and is based in Downers Grove, Illinois.

Buy -
Mergr

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