Ebix Inc.acquired Houston-based Connective Technologies Inc. through an asset purchase transaction. It will become a part of the EbixExchange Division of Ebix.
This acquisition marks Ebix's entry into the largest property-casualty exchange market in the world. Ebix's P&C Exchange intends to focus on providing on-demand exchange services for this sector in the United States, while providing end-to-end straight through processing.
Connective Technologies has been a provider of Exchange solutions for the property-casualty insurance industry in the U.S., specializing in Internet interface solutions for carriers and their agents. Approximately 60 insurance carriers and their agents today use Connective's exchange solutions. The Connective exchange is interfaced successfully to approximately 40 different broker systems in the United States.
