Home > Uncategorized > Ogone Payment Services Acquires EBS

Ogone Payment Services Acquires EBS

Ogone Payment Services has acquired Mumbai based – payment services provider E-Billing Solutions Private Limited(EBS).

As per the deal structure, EBS will continue to operate under it’s current management and will also retain it’s name and brand in the        Indian market.

Ogone was advised by Brian, Garner & Co, while EBS was advised by IndigoEdge.

EB was founded in 2005 by Nishanth Chandran. It has over 3000 merchants and 400 resellers. It has offices in Chennai, Mumbai, Hyderabad, Bangalore, Delhi, Kolkata and Thiruvananthapuram.

 

It claims to have more than 56+ payment options. It services clients like Flipkart, Snapdeal, Myntra, Ferns & Petals, Puma, eBuy, Limata, Printo, among others.

Ogone claims to have than 30,000 customers in 45 countries, with offices in Belgium, the Netherlands, France, Germany, Switzerland, Austria and the United Kingdom.

PayPal is the most widely used payment gateway in India, however others operating include CCAvenue, EBS, DirecPay, HDFC, Transecute, ABCpayments and ICICI Payseal.

 

DEAL TRACKER FOR
Date Type Sub Type Buyer Size ($mn)
E-Billing Solutions – Ogone Payment Services
23/09/11 M&A Acquisition Ogone Payment Services 0.00
RECENT TRANSACTIONS IN THE SECTOR
Date Type Buyer Target Size ($mn) State
26/09/11 Venture Capital Seeders LLP Eduora Technologies Private Limited 0.00 Completed
23/09/11 M&A Ogone Payment Services E-Billing Solutions Private Limited 0.00 Completed
21/09/11 Venture Capital Tempus Capital Sparsha Learning Technologies Private Limited 0.00 Completed
20/09/11 M&A Netcracker Technology Activation Business 0.00 Completed
PROFILES
Company
Name Promoters Office Competitor Website
E-Billing Solutions Private Limited Nishanth Ravichandran A/11, Pranik Garden Tower A CHS Ltd, Mahavir Nagar, Dahanukar Wadi, Kandivali [W] http://www.ebs.in
ADVISOR
   Indigo Edge
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Categories: Uncategorized
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