Investment Summary

Ebix Exits Life and Annuity Assets

On February 16, 2024, invested in internet software and services company Life and Annuity Assets from Ebix

Investment Highlights
  • This is transaction in the Internet Software and Services sector.
  • This is transaction in the United States.
  • This is transaction in Georgia.

Investment Summary

Date 2024-02-16
Target Life and Annuity Assets
Sector Internet Software and Services
Sellers(s) Ebix
Deal Type Divestiture

Target

Life and Annuity Assets

Johns Creek, Georgia, United States
Life and Annuity Assets division automates the life and annuity sales process from CRM, agency management, research, quoting, illustration, order entry, underwriting, policy issuance, and post-issue processing. Life and Annuity Assets is based in Johns Creek. Georgia.

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Seller(S) 1

SELLER

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 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-20 Vertex

King of Prussia, Pennsylvania, United States

Vertex is a provider of indirect tax software and solutions. The company delivers tax technology enabling global businesses to transact, comply, and grow with confidence. Vertex provides cloud-based and on-premise solutions that serve specific industries for every major line of indirect tax, including sales and consumer use, value-added, and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex employs over 1,100 professionals and serves companies across the globe. Vertex was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.

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