Ebix Acquires Finetre Corporation

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To merge Finetre with its subsidiary EbixLife; the closing is expected to occur on October 2, 2006.


Ebix, Inc., a web hosting provider, today announced that it has signed an agreement to acquire Finetre Corp through a merger effective from October 1, 2006. The closing is expected to occur on October 2, 2006.

According to Finetre Corporation, an ASP software technology firm focusing on transaction processing and compliance automation in the financial services industry. The acquisition adds a annuity exchange, AnnuityNet to Ebix's already dominant position as an exchange for life insurance sales illustrations through its EbixLife subsidiary.

According to Ebix, it intends to merge Finetre with its subsidiary EbixLife, creating a combined entity that will significantly operating at both companies. The integration is expected to spark additional growth and expansion into new product lines including life insurance transaction processing s -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --