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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.

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