US firm acquires Pune-based software company Indus for $29mn

After making at least 10 acquisitions in India over the past two years including ItzCash Card and Centrum Capital, Nasdaq-listed software firm Ebix Inc on Friday announced the acquisition of Pune-headquartered Indus Software Technologies for $29 million (around ₹200 crore). Ebix said Indus will be integrated into its digital payments offering EbixCash, with 900 employees joining its workforce.