Sept 15 (Reuters) - Iress Ltd IRE.AX :
* Iress UK acquisitions - proquote limited and pulse limited IRE.AX
* Says total purchase price of £37.6 million; EPS accretive in 2016
* Says transactions funded through new and refinanced debt
* Entered into separate agreements to acquire 2 financial technology businesses, further developing its operations in the United Kingdom
* Says as part of these transactions, a total of 55 people from proquote and pulse will join Iress
* Says both transactions are expected to complete in the last quarter of 2015
* Says" transactions will add to existing recurring revenue with 90% of acquired revenue recurring in nature"
* Says "transaction costs of £0.7M are expected to be expensed in 2015"
* Says "transactions are payable in cash"
* Both business will be integrated into Iress' UK operations with approximately £2.1M in separation and integration costs occurring over 2015
* Says "at these levels, group segment profit generated from outside Australia will be over 30%"
* On a pro-forma 2015 calendar year basis, the acquisitions represent combined revenue of approximately £15M and EBITDA of £2.5M"
* Regulatory approvals are not required for these transactions and they are subject to normal transaction completion terms
* Says "Iress has voluntarily notified the competition & markets authority (CMA) of this transaction"
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