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Ebix, a supplier of on-demand software and e-commerce services to the insurance industry, announces that it has acquired London-based TriSystems Ltd., an online insurance trading hub that facilitates commercial insurance and reinsurance transactions between London intermediaries and insurance companies. The TriSystems products and services will now become a part of the EbixExchange division of Ebix Europe.

Ebix expects the transaction to be immediately accretive to Ebix earnings per share (EPS). Ebix disclosed that it funded this transaction completely in cash. No Ebix shares were issued and no investment bankers were involved in the transaction.

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