Ebix Provides Operational Client Update in Light of Coronavirus
March 19 2020 - 8:04AM
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 SharmaIR@ebix.com or
678-281-2027
David Collins or Chris EddyCatalyst Global - 212-924-9800 or
ebix@catalyst-ir.com
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