Excerpt from: Tech M&A Talk
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| October 27, 2006 | | Transaction Establishes Ebix as Clear Leader in Annuity Exchange Market | Ebix, Inc. (NASDAQ: EBIX), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, has signed an agreement to acquire Finetre Corporation, an ASP software technology firm focusing on transaction processing and compliance automation in the financial services industry. The acquisition will enable cross-selling opportunities with Finetre's AnnuityNet, which services approximately $15 billion in annuity premiums each year over the Internet, complementing Ebix's insurance automation solutions. Updata Capital acted as a financial advisor to Finetre Corporation. | | |
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