Thursday, October 1, 2009

E-Z Data Acquired By Ebix

Pasadena-based E-Z Data, a developer of customer relationship management (CRM) tools for the financial services and insurance industry, has been acquired by Ebix in a deal worth $50.35M. According to Ebix, the firms closed the transaction today. E-Z Data develops CRm tools used by insurance companies, general agents, banks, investment dealers, agents, and financial advisors, and was headed by Dale Okuno. Ebix said that it will pay $25.35M in cash, plus $25M in common stock of Ebix for E-Z Data.