Sept 14 (Reuters) - Iress Ltd IRE.AX :
* Iress acquires INET BFA in South Africa IRE.AX
* Deal for for a cash purchase price of R149.6 million
* Entered into an agreement to acquire INET BFA
* Acquisition costs will be met through available cash and existing debt facilities
* Expects contribution by inet bfa, after initial integration efforts in 2017, to reflect an acquisition EBITDA multiple of well below 10x
* Says annualised revenue for the combined south african business will be in excess of R400 million
* After management adjustments revenue of inet bfa in 2016 is estimated at R134 million and similarly EBITDA is estimated at R10.5 million
* Source text for Eikon ID:nASX7GVCms
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