Zinnia completed the acquisition of the Life and Annuity assets of Ebix for $400m.

Zinnia, a life and annuity insurance technology services company, completed the acquisition of the Life and Annuity assets of Ebix, a supplier of software solutions, for $400m. "The acquisition of the Ebix Life and Annuity Assets is transformative for Zinnia. The complementary nature of our solutions will enable us to better serve carriers, distributors, and consumers, expanding our reach as we build the modern rails of the insurance industry. We are thrilled to welcome the Ebix L&A employees to Zinnia and look forward to what we can achieve together for our clients," Michele Trogni, Zinnia CEO.