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On the Record · Ebix

Ebix acquisitions, on the record

The businesses Ebix bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Trimax
Word for word“Effective May 4, 2020, Ebix acquired from bankruptcy India-based Trimax, which provides IT and integration services to state-owned transport corporations, operates data centers, and is an IT infrastructure solution provider, for approximately $9.9 million of upfront consideration.” 10-K for 2020
acquisitionEffective May 4, 2020approximately $9.9 million of upfront consideration
AssureEdge Global Services (70% interest)
Word for word“AssureEdge- Effective October 1, 2020 the Company acquired a 70% interest in AssureEdge Global Services (“AssureEdge”) for a total purchase price of approximately $5.0 million, including net working capital acquired.” 10-K for 2020
acquisitionEffective October 1, 2020approximately $5.0 million
Wallstreet Canada (Wall Street Finance (Canada) Ltd.)
Word for word“Wallstreet Canada - Effective August 23, 2019, Ebix acquired Canada-based Wall Street Finance (Canada) Ltd. ("Wallstreet Canada"), a foreign exchange and outward remittance service provider, for approximately $2.1 million of upfront consideration inclusive of net acquired working capital.” 10-K for 2020
acquisitionEffective August 23, 2019approximately $2.1 million of upfront consideration inclusive of net acquired working capital
Essel Forex (assets of Essel Forex Limited)
Word for word“Essel Forex - Effective January 1, 2019, Ebix acquired the assets of India-based Essel Forex Limited ("Essel Forex"), for approximately $8.7 million, plus possible future contingent earn-out payments of up to $721 thousand based on revenues.” 10-K for 2020
acquisitionEffective January 1, 2019approximately $8.7 million, plus possible future contingent earn-out payments of up to $721 thousand
Zillious Solutions Private Limited (80% controlling stake)
Word for word“Zillious - Effective January 1, 2019, Ebix acquired an 80% controlling stake in India-based Zillious Solutions Private Limited ("Zillious") for $10.1 million plus possible future contingent earn-out payments of up to $2.2 million based on agreed to milestones in the acquisition agreement.” 10-K for 2020
acquisitionEffective January 1, 2019$10.1 million plus possible future contingent earn-out payments of up to $2.2 million
AssureEdge Global Services
Word for word“AssureEdge- Effective October 1, 2020 the Company acquired a 70% interest in AssureEdge Global Services (“AssureEdge”) for a total purchase price of approximately $5.0 million, including net working capital acquired.” 10-K for 2021
acquisitionEffective October 1, 2020approximately $5.0 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31—$35.8 million
2017-12-31$192.2 million$233.1 million
2018-12-31$232.6 million$317.4 million
2019-12-31$105.5 million$17.9 million
2020-12-31$14.3 million$11.2 million
2021-12-31$0$0
2022-12-31$0$0

Deal filings since 2016

Read from Ebix’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-03-15. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.