M&A Deal Summary

Ebix Acquires Wall Street Finance - Money Transfer Service Scheme Business

On October 12, 2017, Ebix acquired financial services company Wall Street Finance - Money Transfer Service Scheme Business from WSFx Global Pay

Acquisition Highlights
  • This is Ebix’s 3rd transaction in the Financial Services sector.
  • This is Ebix’s 3rd transaction in India.

M&A Deal Summary

Date 2017-10-12
Target Wall Street Finance - Money Transfer Service Scheme Business
Sector Financial Services
Buyer(s) Ebix
Sellers(s) WSFx Global Pay
Deal Type Divestiture

Target

Wall Street Finance - Money Transfer Service Scheme Business

India
Wall Street Finance Ltd. - Money Transfer Service Scheme (MTSS) Business is a provider of financial services.

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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 22 of 32
Sector: Financial Services M&A 3 of 5
Type: Divestiture M&A Deals 4 of 6
Country: India M&A 3 of 13
Year: 2017 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-12 YouFirst Money Express Pvt. - Money Transfer Service Scheme Business

Mumbai, India

YouFirst Money Express Pvt. Ltd. - Money Transfer Service Scheme (MTSS) Business is a provider of financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Via.com

Bangalore, India

Via.com is an online travel and e-commerce exchange platform. Via.com was established in 2006 and is based in Bangalore, India.

Buy $75M

Seller(S) 1

SELLER

WSFx Global Pay

Mumbai, India

Category Company
Founded 1986
Sector Financial Services
Employees358
Revenue 57.2B INR (2025)
DESCRIPTION

WSFx Global Pay is a provider of banking products and services. WSFx Global Pay was founded in 1986 and is based in Mumbai, Maharashtra.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2017 M&A 1 of 1