Ebix

Ebix, Inc. engages in the provision of software and e-commerce services to the insurance, finance, and healthcare industries. It operates through the following product and service channels: EbixCash Exchanges, Insurance Exchanges, and Risk Compliance Solutions. The EbixCash Exchanges channel offers money transfer, payment, and ticketing and travel services. The Insurance Exchanges channel includes software, setup, customization, transaction processing, maintenance, and hosting services. The Risk Compliance Solutions channel consists of certificates of insurance and consulting services. The company was founded in 1976 and is headquartered in Johns Creek, GA.

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Ebix achieves record revenue in 2022 amidst currency challenges

Ebix had a strong year in terms of revenue but faced challenges in Q4 2022, including currency impacts and increased expenses.
The company's EbixCash business showed significant growth, while North America saw market share gains in specific divisions.
Challenges include the EHAE joint venture's impact on revenues and the need to address refinancing and credit facility maturity.
Ebix is focused on seizing growth opportunities, optimizing tax rates, and reducing interest costs through potential IPO and refinancing strategies.

Ebix reports robust Q1 earnings, eyes growth amid challenges

Ebix delivered strong financial performance in Q1 2023 with revenue growth and improved operating income.
The company faces challenges from external factors like inflation and changing revenue recognition rules.
Opportunities lie in expanding EbixCash, pursuing high-margin projects, and enhancing operational efficiency.
Strategic focus on debt reduction and growth initiatives demonstrate a proactive approach to financial management.
Maintaining operating margins and navigating revenue materiality concerns are key priorities for future success.

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Ebix is a leading international supplier of software and e-commerce solutions to the insurance industry. They provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial industries. Their powers businesses in more than 50 countries across six continents.

JOHNS CREEK, Ga., Feb.  19, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc., (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that its Board of Directors has declared a regular quarterly dividend of 7.5 cents per common share. The dividend is payable March 16, 2020 to shareholders of record at the close of business on March 2, 2020.

Ebix Declares 7.5 Cent Quarterly Dividend, Payable March 16, 2020, to Shareholders of Record March 2, 2020

JOHNS CREEK, Ga., Feb.  03, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that it has partnered with Fidelity & Guaranty Life Insurance Company (F&G) to implement Ebix’s WinFlex Web life insurance illustration platform.

Ebix Signs Fidelity & Guaranty Life Insurance Company to WinFlex Illustration Platform

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NOIDA, India and AUCKLAND, New Zealand, Jan.  21, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that it has signed a sponsorship for India’s Tour of New Zealand 2020. Ebix, as part of the deal for the NZC Home Series, will have the status of the ‘Powered By’ sponsor for India’s entire six-week tour of New Zealand.

Ebix Inks “Powered by Ebix” Sponsorship Deal for New Zealand-India Cricket Series

NOIDA, India and JOHNS CREEK, Ga., Jan.  15, 2020  (GLOBE NEWSWIRE) -- EbixCash, a fully owned subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced a strategic travel technology partnership with Amadeus to grow its footprint across the Asia Pacific region and UAE and become a one-stop shop for travel.

EbixCash Signs Agreement with Amadeus to Propel its end-to-end travel vision to empower travel agents, and travelers in APAC and UAE

JOHNS CREEK, Ga., Jan.  09, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that it has continued to expand on its market share in the industry by enabling the launch of USAA Life Insurance Company (USAA Life) annuity products on its state of the art AnnuityNet4 (AN4) Exchange platform.

Ebix’s AnnuityNet Exchange Platform adds USAA Life Insurance Company

MUMBAI, India, Jan.  07, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that its joint venture with Bombay Stock Exchange (BSE), Asia’s oldest exchange, has received formal approval for Certificate of Registration to act as a direct insurance broker (Life and General) under the IRDAI (Insurers Brokers) Regulations, 2018. The venture, branded as BSE-Ebix Insurance Broking Pvt. Ltd., will enable distribution outlets, wealth management advisors, Point of Sale Persons (PoSPs) to sell life and non-life insurance products.

BSE - Ebix Receives Formal Approval from Insurance Regulator to Start Insurance Distribution in India

JOHNS CREEK, Ga., Nov.  20, 2019  (GLOBE NEWSWIRE) -- Ebix, Inc., (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that its Board of Directors has declared a regular quarterly dividend of 7.5 cents per common share. The dividend is payable December 16, 2019 to shareholders of record at the close of business on December 2, 2019.

Ebix Declares 7.5 Cent Quarterly Dividend, Payable December 16, 2019, to Shareholders of Record December 2, 2019

NOIDA, India and JOHNS CREEK, Ga., Nov.  15, 2019  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries today announced that its Indian subsidiary has been declared as the successful bidder and issued a letter of intent by the committee of Banks and financial institutions, for the purchase of IT assets of Mumbai based Trimax IT Infrastructure and services Ltd. The purchase is on a 100% debt free basis. Once the closing is accomplished, all the Trimax assets (excluding the smart city technology assets) will become a part of EbixCash’s Bus Exchange and Financial Technologies business in India.

Ebix Bid for Bus Exchange Solution Provider- Trimax IT Services, Approved by Committee of Creditors

Ebix, Inc. (EBIX) CEO Robin Raina on Q3 2019 Results Earnings Call - Transcript

JOHNS CREEK, Ga., Oct.  31, 2019  (GLOBE NEWSWIRE) -- EbixCash, the Indian subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that State Bank of India General Insurance (SBIG) has successfully launched its Channel Management System (CMS) Exchange service. Also known as Producer Support System, it administers the end-to-end automation of key insurance functions such as Onboarding Partners, Hierarchy and Compensation Management.

SBI General Insurance Goes Live with EbixCash’s Channel Management System Exchange Service

NEW DELHI, India, Oct.  31, 2019  (GLOBE NEWSWIRE) -- Delhi Capitals, today announced the joining of EbixCash, India’s largest financial exchange disruptor, as one of its principal sponsors for the upcoming season of the VIVO Indian Premier League. The financial and insurance service player will be associated with Delhi Capitals for two seasons of the VIVO IPL (2020 and 2021), during which EbixCash will be seen on the back of the playing jersey.

EbixCash Joins Delhi Capitals As Principal Sponsor

JOHNS CREEK, Ga., Oct.  30, 2019  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries announced today, that the CSAC Excess Insurance Authority (EIA), a California Joint Powers Insurance Authority (JPA) has chosen Ebix to offer risk and compliance solutions to all its members. CSAC-EIA and its members will be utilizing the RCS’s CertsOnline platform to manage their incoming 3rd party insurance certificates, improve visibility into risk exposures, increase insurance compliance and minimize administrative costs.

CSAC Excess Insurance Authority Enters Agreement with Ebix to be the Sole Provider of Certificate of Insurance Management Services, for its Member Entities across the State of California

EBIX is trading at a low P/E of 10.56x and Forward P/E of 8.55x, making it an attractive value investment proposition.

Ebix Inc. - Cheap Value Stock With Catalysts Ahead

JOHNS CREEK, Ga., Oct.  29, 2019  (GLOBE NEWSWIRE) -- October 29, 2019 – Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries today announced that the Company will report its 2019 third quarter results on Tuesday, November 12th, 2019, and will host an investor conference call at 11:00 a.m ET on the same day to discuss the Company's performance. The call is open to the public.

Ebix Hosts Q3 Investor Call Tuesday, November 12th at 11:00 a.m. ET

MUMBAI, India, Oct.  28, 2019  (GLOBE NEWSWIRE) -- BSE, Asia’s oldest exchange, and its joint venture (JV) partner Ebix, the global leader in insurance exchanges (NASDAQ: EBIX), have received in-principle approval for Certificate of Registration to act as a direct insurance broker under the IRDAI (Insurers Brokers) Regulations, 2018. The venture, branded as BSE-Ebix Broking Insurance Broking Pvt. Ltd., will enable distribution outlets, wealth management advisors, Point of Sales (POSs) to sell life and non-life insurance products. The actual insurance distribution of BSE-Ebix will commence after receipt of certificate of license from IRDAI.

BSE - Ebix Receives In-principle Approval from IRDAI to Start Insurance Distribution

With 4,500 users across 950 carriers, Willis Accounting - powered by Ebix Exchange - demonstrates a new era of streamlined, digital synchronicity between broker and carrier

Ebix Facilitates $20 Billion of Premiums for Willis Towers Watson’s Accounting Platform Over the Last Four Years

NOIDA, India, Oct.  22, 2019  (GLOBE NEWSWIRE) -- Kickstarting the VIVO Indian Premier League 2020 on a good note, Kings XI Punjab has announced EbixCash, India’s largest financial exchange disruptor as their title sponsor. To begin with, the international cricket franchise and EbixCash have agreed on a three-year association. The team also welcomed former Indian cricketing legend Anil Kumble as the Director of Cricket Operations for the twelfth edition of the league.

Kings XI Punjab ropes in EbixCash as Title Sponsor for VIVO IPL 2020

NOIDA, India and MUMBAI, India, Oct.  21, 2019  (GLOBE NEWSWIRE) -- In a joint press release today, Republic Media Network, India’s Number 1 news network, and EbixCash, India’s largest financial exchange disruptor, announced the world’s first brand-integrated news studio – the EbixCash Studio.

Republic Media Network & EbixCash Partner to Present the World’s First Brand-integrated News Studio

NOIDA, India and JOHNS CREEK, Ga., Oct.  08, 2019  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries today announced that its EbixCash Indian subsidiary has signed agreements with international travel exchanges to deliver millions of airline segments annually for a per segment fee, over a 5-year period, beginning immediately. As a part of this agreement, EbixCash collected a cumulative advance of $25 million from the international travel exchanges, a few days back.

Ebixcash Signs Multi-Year Agreements With International Travel Exchanges

NOIDA, India and JOHNS CREEK, Ga., Sept.  27, 2019  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries today announced that its EbixCash Indian subsidiary has signed an agreement with Cox and Kings to transfer its Business Travel agreements with corporates in India, to EbixCash’s corporate “Mercury” Travel Division. This announcement comes as a part of EbixCash’s initiative to aggressively grow its Corporate Travel business in India.

EbixCash Signs Agreement to Transfer the Business Travel Contracts of Cox and Kings, to Its Mercury Corporate Travel Division

Yatra Online

GURUGRAM, India, NOIDA, India, ATLANTA and NEW YORK, Sept.  23, 2019  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX) and Yatra Online, Inc. (NASDAQ: YTRA) today stated that they continue to work diligently towards consummating the merger announced on July 16, 2019 and continue to work together on preparing and filing a proxy statement and Form S-4 with the U.S. Securities and Exchange Commission (“SEC”) in relation with the merger.

Ebix and Yatra Online, Remain Committed to Creating India’s Leading Travel Services Platform

NOIDA, India and JOHNS CREEK, Ga., Sept.  04, 2019  (GLOBE NEWSWIRE) --  Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries today announced that its EbixCash Indian subsidiary has signed engagement letters with three of the leading investment banks, for the EbixCash initial public offering (IPO) targeted for Q2 2020.

ICICI Securities, Axis Capital & Edelweiss Financial Services Chosen as Lead Managers for Proposed EbixCash IPO

JOHNS CREEK, Ga., Aug.  27, 2019  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries announced that PayMyTuition, a leading provider of technology-driven global payment processing solutions for international tuition payments, has added its EbixCash World Money remittance service to pay international tuition fees to universities and colleges globally, by parents for students from India studying abroad.

PayMyTuition adds EbixCash World Money as a Payment Partner for Student Payments from India

JOHNS CREEK, Ga., Aug.  26, 2019  (GLOBE NEWSWIRE) -- Ebix, Inc., (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that its Board of Directors has declared a regular quarterly dividend of 7.5 cents per common share. The dividend is payable September 16, 2019 to shareholders of record at the close of business on September 04, 2019.

News for Ebix Stock (EBIX)