NU Online News Service, May 22, 10:08 a.m.EDT

Atlanta-based insurance technology provider Ebix Inc. said ithas acquired Facts Services Inc., headquartered in Coral Gables,Fla., in a transaction involving an upfront cash payment of $6.5million.

The company said it funded the acquisition through internalsources using its own cash reserves. No shares of Ebix's capitalstock were issued as part of the deal.

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