NU Online News Service, Jan. 11, 1:23 p.m. EST

Insurance software and technology service Ebix Inc. said it has acquired Sao Paulo, Brazil-based MCN Technology & Consulting (MCN) effective Jan. 15. The only financial detail released was a company statement that it was an all cash transaction.

The Atlanta-based company said MCN was acquired by Ebix Latin America, a newly formed subsidiary of Ebix Singapore.

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