Skip to main content

Ebix Provides Operational Client Update in Light of Coronavirus

Written by Customer Service on . Posted in Public Companies.

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 clients 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 678-281-2027David Collins or Chris Eddy
Catalyst Global – 212-924-9800 or ebix@catalyst-ir.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.