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Ebix to continue share buy-back

Software provider Ebix says it will continue to buy back shares over the next few years, to increase value to shareholders.

In August the company announced it will buy back $US80 million ($91.44 million) of its shares in the coming months, on the open market and in private negotiations.

Atlanta-based Ebix has about 37 million shares on issue, of which 23 million are held by investor groups that are either insiders or considered long-term holders.