Atlanta-based insurance software provider Ebix Inc. said it has signed an agreement to acquire Australia-based telecommunication company Telstra's subsidiary, Telstra eBusiness Services.
Ebix said the deal is expected to be closed on Jan. 2.
Telstra eBusiness Services provides e-business productivity solutions to the general insurance industry in Australia. The core product of the business is Sunrise Exchange, which connects insurers and brokers in order to process general insurance policies electronically. Sunrise Exchange currently processes 4.7 million transactions across 1.4 million policies in Australia, Ebix said.
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