Ebix Inc., a supplier of software and eCommerce services to the insurance industry, has acquired TriSystems Ltd., an online insurance trading hub that facilitates commercial insurance and reinsurance transactions between London intermediaries and insurance companies. The TriSystems products and services now will become a part of the EbixExchange Division of Ebix Europe.
Ebix says it expects the transaction to be accretive immediately to its earnings per share. Ebix disclosed that it funded this transaction completely in cash. No Ebix shares were issued, and no investment bankers were involved in the transaction.
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