M&A Deal Summary

Ebix Acquires Smartclass Educational Services Pvt.

On April 19, 2018, Ebix acquired education company Smartclass Educational Services Pvt.

Acquisition Highlights
  • This is Ebix’s 1st transaction in the Education sector.
  • This is Ebix’s 7th transaction in India.

M&A Deal Summary

Date 2018-04-19
Target Smartclass Educational Services Pvt.
Sector Education
Buyer(s) Ebix
Deal Type Add-on Acquisition

Target

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.

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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 26 of 32
Sector: Education M&A 1 of 1
Type: Add-on Acquisition M&A Deals 21 of 26
Country: India M&A 7 of 13
Year: 2018 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 CentrumDirect

Mumbai, India

CentrumDirect Ltd. is an Omni-channel exchange that offers a variety of Foreign exchange and outward money remittance products targeting niche sectors like leisure travel, corporate travel, overseas education related remittances, airport money exchange including duty-free shops, tour cost remittances of travel agents, disbursement of crew wages to ships docked on Indian shores, immigration-related remittance, retail and wholesale currency markets.

Buy $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-20 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.

Buy $29M