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Ebix Provides Operational Client Update in Light of Coronavirus
[March 19, 2020]

Ebix Provides Operational Client Update in Light of Coronavirus


JOHNS CREEK, Ga., March 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 all its core platforms are operational and running as normal worldwide.

Ebix Chairman, CEO, and President commented, “Ebix plays a mission critical role in the insurance and financial industry by running and managing the largest insurance industry exchanges, including exchanges for Annuities, Life, Health, P&C, finance, reinsurance and Risk Compliance Services.  We are mindful of our important position and responsibilities to support our network, which includes hundreds of carriers and financial institutions, thousands of distributors and brokers, and over 80 Fortune 500 Companies.  To that end, I want to report that our operations and exchanges are running smoothly.  Additionally, we have taken many measures to ensure business continuity and smooth running of ongoing operations”.

Gagan Sethi, CTO of Ebix added “We are closely monitoring this fluid situation and have taken a number of steps to ensure business continuity on all platforms, with resources in various time zones working from either our offices or from home using secure systems provided to them. We are pleased that till date, we have not encountered any downtime or support difficulties on account of Coronavirus. We remain committed to ensuring that we support each our cliens through this difficult phase for them and are fully geared up to handle all their needs.”



About Ebix, Inc.

With 50+ offices across 5 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, the Company’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.


With a "Phygital” strategy that combines 320,000 physical distribution outlets in many Southeast Asian Nations (“ASEAN”) countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in areas of domestic & international money remittance, Forex, travel, pre-paid & gift cards, utility payments, lending, etc., in an emerging country like India. The Company’s Forex Exchange has a dominant market share of India’s airport Foreign Exchange business encompassing 32 international airports like Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Goa and Kolkata International airports, while conducing over $3 Billion in GMV. EbixCash, through its travel portfolio of Via.com, is also one of Southeast Asia’s leading travel exchanges with over 110,000 distribution outlets and 8,000 corporate clients processing over 24.5 million transactions every year. For further details, visit www.ebixcash.com.

Through its various SaaS-based software platforms, Ebix employs thousands of domain-specific technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company’s website at www.ebix.com.

CONTACT:

Darren Joseph or Guatam Sharma
IR@ebix.com or 678-281-2027

David Collins or Chris Eddy
Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com

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