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M&A Deal Summary

Ebix Acquires Finetre

On September 25, 2006, Ebix acquired internet software and services company Finetre

Acquisition Highlights
  • This is Ebix’s 1st transaction in the Internet Software and Services sector.
  • This is Ebix’s 1st transaction in the United States.
  • This is Ebix’s 1st transaction in Vermont.

M&A Deal Summary
Date 2006-09-25
Target Finetre
Sector Internet Software and Services
Buyer(s) Ebix
Deal Type Add-on Acquisition
Advisor(s) Clearsight Advisors (Financial)

Target

Finetre

Herndon, Vermont, United States
Finetre Corporation is a Northern Virginia-based software technology firm focusing on transaction processing and compliance automation in the financial services industry. Finetre's AnnuityNet Platform currently processes approximately 15,000 annuity transactions with a total value of nearly $1.5 billion for more than 20 brokerage firms each month over the Internet.

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Buyer(S) 1

Buyer

Ebix

Johns Creek, Georgia, United States
Category Company
Founded 1976
Sector Internet Software and Services
Employees10,030
Revenue 1.1B USD (2022)
DESCRIPTION
Entrance to Ebix's headquarters in Johns Creek, Georgia.
Entrance to Ebix's headquarters in Johns Creek, Georgia.

Ebix is a provider of software and e-commerce solutions to the insurance industry. Ebix was incorporated in 1976 and is based in Johns Creek, Georgia.

DEAL STATS #
Overall 1 of 32
Sector: Internet Software and Services M&A 1 of 14
Type: Add-on Acquisition M&A Deals 1 of 26
State: Vermont M&A 1 of 1
Country: United States M&A 1 of 12
Year: 2006 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-25 Acclamation Systems

Pittsburg, Pennsylvania, United States

Acclamation Systems, Inc. provides Software-as-a-Service based healthcare benefits and claims management software worldwide.

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