EbIX

Ebix Annuity Exchange Achieved Record Volumes in 2022

Retrieved on: 
Tuesday, February 7, 2023
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JOHNS CREEK, Ga., Feb. 07, 2023 (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 it closed 2022 with record volumes on its Annuity Exchange Platform called AnnuityNet4 (AN4).

Key Points: 
  • JOHNS CREEK, Ga., Feb. 07, 2023 (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 it closed 2022 with record volumes on its Annuity Exchange Platform called AnnuityNet4 (AN4).
  • AN4 is the industry’s largest annuity exchange representing roughly 70% of the electronic annuity transactions.
  • The exchange connects the industry’s distributors and annuity manufacturers to seamlessly enable end-to-end annuity sales.
  • Q4 2022 was the highest ever quarter on record in terms of transaction counts, with November 2022 being the highest ever month on record.

Ebix Engages Jefferies as its Exclusive Investment Bank

Retrieved on: 
Friday, December 2, 2022
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As a part of the engagement, Jefferies will exclusively assist the Company in exploring public and private debt and equity options.

Key Points: 
  • As a part of the engagement, Jefferies will exclusively assist the Company in exploring public and private debt and equity options.
  • Ebix also announced that it has engaged the services of Sidley Austin LLP, a multinational law firm, to assist the Company in the above endeavors.
  • With approximately 200 offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries.
  • 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.

EbixCash Wins Long-term Maharashtra State Road Transport Corporation (MSRTC) Contract Involving Electronic issuance and Online Reservation System, for an Estimated 6 Billion Passenger Tickets

Retrieved on: 
Wednesday, November 30, 2022
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EbixCash will implement the end-to-end on-demand bus automation system involving deployment of 36,000 Electronic ticketing machines across all the MSRTC buses in the state.

Key Points: 
  • EbixCash will implement the end-to-end on-demand bus automation system involving deployment of 36,000 Electronic ticketing machines across all the MSRTC buses in the state.
  • As per the order, it is estimated that 6 billion passenger tickets (600 crore tickets) will be handled by EbixCash over the initial 5-year term.
  • EbixCashs Intelligent Transport Management System (ITMS) serves to automate all aspects of fare ticketing and collection including Electronic Ticketing Machines & the software.
  • Robin Raina, Chairman of the Board, EbixCash said, This is a highly prestigious and the largest roadways corporation win by EbixCash, in terms of revenues and ticket volumes.

Ebix Declares 7.5 Cent Quarterly Dividend, Payable December 16, 2022 to Shareholders of Record as of December 5, 2022

Retrieved on: 
Wednesday, November 23, 2022
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The dividend is payable December 16, 2022 to shareholders of record at the close of business on December 5, 2022.

Key Points: 
  • The dividend is payable December 16, 2022 to shareholders of record at the close of business on December 5, 2022.
  • With approximately 200 offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries.
  • EbixCashs inward remittance business in India processed approximately $5 billion in gross annual remittance volume (pre-COVID-19) and is the clear market leader.
  • You may obtain our SEC filings at our website, www.ebix.com under the Investor Information section, or over the Internet at the SECs web site, www.sec.gov

Ebix Hosts Q3 Investor Call Wednesday, November 9, 2022 at 11:00 a.m. ET

Retrieved on: 
Wednesday, November 2, 2022
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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.

Key Points: 
  • 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.
  • EbixCash has Forex operations in approximately 16 international airports, including Delhi, Mumbai, Mumbai, Hyderabad, Chennai and Kolkata.
  • These forward-looking statements are found at various places throughout this report and in the documents incorporated herein by reference.
  • You may obtain our SEC filings at our website, www.ebix.com under the Investor Information section, or over the Internet at the SECs web site, www.sec.gov

Ebix Reaffirms Strong Business Outlook and Announces Formation of Strategic Investment Committee of Independent Board Members

Retrieved on: 
Friday, October 21, 2022
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Strategic Investment Committee The Company announced that it has received inbound interest from several reputed strategic and institutional international players, for substantial investments in Ebix or/and its subsidiaries.

Key Points: 
  • Strategic Investment Committee The Company announced that it has received inbound interest from several reputed strategic and institutional international players, for substantial investments in Ebix or/and its subsidiaries.
  • Accordingly, the independent Boards Strategic Investment Committee will be evaluating any such offers, in consultation with its investment banking and legal advisors.
  • The Company will announce further details on the refinancing front, once something firm has been agreed upon, on the refinancing side.
  • Business Outlook The Company reaffirmed its strong business outlook for its businesses worldwide.

EbixCash Signs Strategic Partnership Agreement with Al Fardan Exchange, UAE

Retrieved on: 
Monday, October 3, 2022
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The agreement was inked by Mr. Hasan Jaber Al Fardan, Deputy Chief Executive Officer Business Strategy, Al Fardan Exchange LLC and Mr. T.C.

Key Points: 
  • The agreement was inked by Mr. Hasan Jaber Al Fardan, Deputy Chief Executive Officer Business Strategy, Al Fardan Exchange LLC and Mr. T.C.
  • Al Fardan Exchange, a member of the multi- dimensional Al Fardan Group, established in the year 1971 is the first and one of the largest exchange houses in the UAE.
  • Al Fardan Exchange, through its 70-plus strong network across Emirates, serves the cosmopolitan community of the UAE.
  • We are excited to be formally announcing a strategic partnership with Al Fardan Exchange, LLC, UAE for import and export of foreign currency banknotes.

EbixCash Wins 3 -Year Contract from Amritsar International Airport

Retrieved on: 
Thursday, September 29, 2022
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We are excited to be formally launching EbixCash Money Exchange counters at Amritsar International Airport, towards offering a new customer experience for international passengers travelling from and into Amritsar.

Key Points: 
  • We are excited to be formally launching EbixCash Money Exchange counters at Amritsar International Airport, towards offering a new customer experience for international passengers travelling from and into Amritsar.
  • The Forex counters at Amritsar airport will allow passengers to avail foreign exchange services in the most convenient hassle-free manner.
  • EbixCash World Money is also a leading player in Indias airport and seaport Money Exchange business with retail kiosks in 16+ international airports, and 12 seaports.
  • EbixCash has Forex operations in approximately 16 international airports, including Delhi, Mumbai, Mumbai, Hyderabad, Chennai and Kolkata.

EbixCash Wins Long-term Bus Exchange Contract from North Bengal State Transport Corporation

Retrieved on: 
Wednesday, September 28, 2022
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This new contract is in addition to the three contracts already signed with three of the key transport bodies in the state of West Bengal, namely - Calcutta State Transport Corporation (CSTC), West Bengal Transport Corporation (WBSTC), and the South Bengal State Transport Corporation (SBSTC).

Key Points: 
  • This new contract is in addition to the three contracts already signed with three of the key transport bodies in the state of West Bengal, namely - Calcutta State Transport Corporation (CSTC), West Bengal Transport Corporation (WBSTC), and the South Bengal State Transport Corporation (SBSTC).
  • This new contract takes the total minimum number of buses in which EbixCash bus exchange solutions will be deployed, to 2,800 in the state of West Bengal.
  • On 22nd March 2022, EbixCash announced that it has been awarded a 5-year contract to design, develop, build, install, maintain, operate and transfer the Intelligent Transport Management System (ITMS) for a minimum of 14,950 buses in the state of Andhra Pradesh, run by the Andhra Pradesh State Road Transport Corporation (APSRTC).
  • EbixCashs Bus Exchange Division is Indias dominant leader in the area of Enterprise Bus E-commerce handling $1.7 Billion of annual transactions, across 30% of Indias bus ticketing system network with 14+ large state-owned public transport corporations as clients.

EbixCash Globetrotter Travel Card Launched with INR 100 Cr ($12.6 million) of Business Within Six Weeks of Launch

Retrieved on: 
Wednesday, September 14, 2022
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With the launch of the Globetrotter travel card, it is targeting volumes of USD 1 Billion in 2023.

Key Points: 
  • With the launch of the Globetrotter travel card, it is targeting volumes of USD 1 Billion in 2023.
  • EbixCash Multicurrency travel card is available in 10 different currencies such as USD, GBP, AUD, CHF, SAR, THB, EURO, CAD, AED, SGD.
  • With the revival of holiday travel and corporate business, EbixCash Globetrotter travel would empower the customers to make hassle-free transactions across the Globe.
  • EbixCash has been a leader in travel card business for last many years in India.. T C Guruprasad, Managing Director, EbixCash World Money said.