Ebix Inc. acquires Fintechnix
Posted on June 13, 2012 at 09:44 AM EDT
Ebix Inc. bought Sydney, Australia-based Fintechnix for $5.2 million. Fintechnix provides technology and software for financial services companies in Australia. Its focus is life insurance, superannuation, wealth management and investments. Atlanta-based Ebix develops and sells software and e-commerce services to the insurance industry. It recently reported the acquisition of PlanetSoft Inc. in a $40 million deal. Ebix (NASDAQ: EBIX) posted a first-quarter profit of $15.7 million, up 3 percent.