NU Online News Service, May 22, 10:08 a.m. EDT
Atlanta-based insurance technology provider Ebix Inc. said it has acquired Facts Services Inc., headquartered in Coral Gables, Fla., in a transaction involving an upfront cash payment of $6.5 million.
The company said it funded the acquisition through internal sources using its own cash reserves. No shares of Ebix's capital stock were issued as part of the deal.
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