Atlanta-based Ebix Inc., a CMMi level 5 software outsourcing company that provides software and services for all entities involved in the insurance industry, has acquired California-based E-Z Data Inc. E-Z Data's Web-based agency management, practice management, and customer relations software serves insurance companies, general agents, banks, investment dealers, insurance agents and financial advisors.

Under terms of the agreement, Ebix has acquired all of the outstanding capital stock of E-Z Data for $50,350,000 payable as follows: $25,350,000 paid in cash at closing, and $25 million payable in 496,328 shares of the common stock of Ebix issued at the time of closing.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access