Nasdaq-listed Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, has acquired California-based E-Z Data, Inc. for $50.35 million.

Under terms of the agreement, Ebix will acquired all the outstanding capital stock of E-Z Data for an aggregate purchase price of $25.35 million, plus $25M in common stock of Ebix for E-Z Data.

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. The company has offices in California, Virginia, 2 development centers in India, and various offices around the world in emerging markets like China and Japan.