146792 Resource 125361 126221 200444 1162007895808 1214508123856 Controlled Finetre Corporation to be Acquired by Ebix

Transaction Establishes Ebix as Clear Leader in Annuity Exchange Market

<p><font color="#565656"><a title="Ebix" href="http://www.ebix.com/" target="_blank">Ebix, Inc.</a> (NASDAQ: EBIX), a leading international developer and supplier of software and e-commerce solutions to the insurance industry,&nbsp;has signed an agreement to acquire&nbsp;Finetre Corporation, an ASP software technology firm focusing on transaction processing and compliance automation in the financial services industry. The acquisition&nbsp;will enable cross-selling opportunities with Finetre's&nbsp;AnnuityNet, which services approximately $15 billion in annuity premiums each year over the Internet, complementing&nbsp;Ebix's&nbsp;insurance automation solutions.</font></p><p><font color="#565656">Updata Capital acted as a financial advisor to Finetre Corporation.</font> </p> 9 application/xml false Ebix enterprise application software financial technology Finetre Corporation Updata Capital Recent enterprise application software mergers and acquisitions deals completed by Updata Capital http://updataadvisors.com/transactions.asp?sector=13&level2id=52&level2name=Enterprise%20Application%20Software&sectorname=ALL%20SECTORS Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.0; .NET CLR 1.1.4322; .NET CLR 2.0.50727; InfoPath.1) 127.0.0.1 127.0.0.1 fbartolomey 208.82.213.22 false true false false true 125361 blog blogsite/UpdataAdvisors/web