Zinnia To Acquire Ebix Inc.s Life And Annuity Software Assets

 


Zinnia Corporate Holdings, a leading life and annuity insurance technology services company, is set to acquire the Life and Annuity Assets (L&A Assets) of Ebix, Inc., a prominent software solutions supplier. The move is designed to solidify Zinnia's position as a preferred partner in the life and annuity industry by expanding its offerings with a comprehensive set of tools, including insurance-focused CRM, agency management, and underwriting platforms. Michele Trogni, Zinnia's CEO, considers the acquisition transformative, emphasizing the complementary nature of their solutions and the potential to serve carriers, distributors, and consumers better. The addition of Ebix's assets will empower Zinnia to streamline insurance processes from product development through distribution and claims. With the court approving the acquisition on February 15, 2024, Zinnia anticipates the transaction's closure in early March, ensuring uninterrupted global operations for customers and partners during the integration process.

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