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Ebix acquires CentrumDirect Limited; Takes Leadership Position in India’s Foreign Exchange and Outward Remittance Markets

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Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today announced that it has entered into an agreement to acquire India based CentrumDirect Limited (CDL), the undisputed Leader in India’s Foreign exchange and outward remittance markets for approximately $175 million. CDL will be tightly integrated into...