Quick Take
Ebix (EBIX) announced that a subsidiary has acquired a controlling stake in Zillious Solutions.
Zillious has developed a cloud-based travel exchange for the corporate travel market in India.
With the deal for Zillious, EBIX continues to focus its resources on the faster-growing Indian market and will have a larger platform on which to build out service offerings for travel providers.
Target Company
New Delhi, India-based Zillious was founded in 2008 to create online software solutions for travel management companies [TMCs] across all forms of transportation in India.
Management is headed by