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., Sept. 4, 2024 /PRNewswire/ -- Ebix Inc., 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 has successfully completed its Chapter 11 restructuring process and has emerged as a financially and operationally stronger company that is well-positioned for the future.

EBIX EXITS CHAPTER 11 AND IS DEBT FREE WORLDWIDE NOW

GREENWICH, Conn.--(BUSINESS WIRE)--Zinnia Corporate Holdings (“Zinnia” or “the Company”), an Eldridge Industries business and leading life and annuity insurance technology services company, and Ebix, Inc. (“Ebix”), a supplier of software solutions, today announced that Zinnia's acquisition of Ebix's North American Life and Annuity Assets (the “L&A Assets”) has closed. The deal further positions Zinnia as a partner of choice in the life and annuity industry and expands its offerings with ins.

Zinnia Closes Acquisition of Ebix's North American Life and Annuity Assets

JOHNS CREEK, Ga., April 01, 2024 (GLOBE NEWSWIRE) -- Ebix, Inc. (OTC: EBIXQ) 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 Securities and Exchange Commission (SEC) has concluded its investigation of Ebix and officially communicated that it does not intend to recommend an enforcement action by the SEC against Ebix. This non-public investigation was carried out by the SEC in response to the RSM resignation and the subsequent Hindenburg short report.

Ebix Reports Conclusion of SEC Investigation and Dismissal of All Pending Securities Claims Against Ebix and its Officers in United States District Court for the Southern District of New York (SDNY)

GREENWICH, Conn.--(BUSINESS WIRE)--Zinnia Corporate Holdings (“Zinnia” or “the Company”), an Eldridge business and leading life and annuity insurance technology services company, today announced it will acquire the Life and Annuity Assets (the “L&A Assets”) of Ebix, Inc. (“Ebix”), a supplier of software solutions. The L&A assets will further position Zinnia as a partner of choice in the life and annuity industry, expanding its offerings with insurance focused CRM & agency management.

Zinnia to Acquire Ebix Inc.'s Life and Annuity Software Assets, Continuing Its Mission to Deliver Solutions that Simplify Insurance and Power Industry Growth

NOIDA, India, Jan. 08, 2024 (GLOBE NEWSWIRE) -- EbixCash Limited, a subsidiary of Ebix, Inc. (OTC: EBIXQ), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today provided a summary update about its payment solutions vertical while reporting exceptional year-over-year (YOY) revenue and income growth across its payments solutions business that encompasses the sectors of foreign exchange, inward and outward money remittance.

EbixCash Payment Solutions Reports Exceptional Year-over-Year Revenue and Income Growth in Q4 2023 and Full Year of 2023

JOHNS CREEK, Ga., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Ebix, Inc. (OTC: EBIXQ), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced today that its Annuity Exchange AN4 has reported record volumes in the last quarter of 2023, besides reporting a record performance for the full year of 2023.

Ebix Annuity Exchange Closes 2023 with Record Annual Volumes of $118 Billion

Ebix (NASDAQ: EBIX ) stock is falling hard on Monday after the on-demand infrastructure software company filed for Chapter 11 bankruptcy protection. According to a press release from Ebix, this bankruptcy filing is to allow for the successful reorganization of its business.

Why Is Ebix (EBIX) Stock Down 47% Today?

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Shares of Ebix Inc. EBIX, -7.50% plummeted 54.6% toward a 17-year low in premarket trading Monday, after the Georgia-based provider of on-demand software for the insurance, financial services, travel and healthcare industries said it filed for bankruptcy. the company said it will continue to operate “normally,” and that its affiliates outside of the U.S. are not included in the bankruptcy.

Ebix stock suffering record plunge after bankruptcy filing

Company Continues to Have Robust Worldwide Operations and Strong Fundamentals Secures New Financing to Support Restructuring Process Proposed Transaction Provides Ongoing Stability for the Insurance Industry, Ensuring Continued World Class Delivery for Clients JOHNS CREEK, Ga., Dec. 18, 2023 /PRNewswire/ -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries, announced today that it has reached a "stalking horse"  agreement to sell its North American Life and Annuity assets (the "NA L&A Assets") to Zinnia, an Eldridge business and leading life insurance and annuity technology and service company, as part of its efforts to strengthen its balance sheet and position the Company for sustainable growth.

Ebix Reaches "Stalking Horse" Sale Agreement for Life Insurance and Annuity Business with Zinnia to Ensure Successful Recapitalization Efforts

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JOHNS CREEK, Ga., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries today announced the following results for the quarter ended September 30, 2023:

Ebix Announces Q3 2023 Results

NEW YORK , Nov. 3, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Ebix, Inc. ("Ebix" or the "Company") (NASDAQ: EBIX). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ebix, Inc. - EBIX

JOHNS CREEK, Ga., Oct. 02, 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 that it has signed an agreement with its Lenders, providing for a further period until November 15, 2023 for repayment of certain obligations under its Credit Facility, subject to certain conditions, while the Company pursues strategic alternatives.

Ebix Signs Agreement with Lenders Regarding Credit Facility

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JOHNS CREEK, Ga., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries today announced the following results for the quarter ended June 30, 2023:

Ebix Announces Q2 2023 Results

JOHNS CREEK, Ga., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that it will release second quarter 2023 results before the market's opening on August 9, 2023 but will not host an investor call that day in view of disclosure requirements in our international jurisdictions. The company anticipates this change to be temporary and intends to resume holding its earnings calls as earlier, in the future. Ebix will also file its second quarter Form 10-Q on August 9, 2023.

Ebix to Report Q2 Results Pre-Market August 9, 2023

JOHNS CREEK, Ga., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that the Company will report its 2023 second quarter results on Wednesday, August 9, 2023, and will host an investor conference call at 11:00 am ET on the same day to discuss the Company's performance. The call is open to the public.

Ebix Hosts Q2 Investor Call Wednesday, August 9, 2023 at 11:00 a.m. ET

JOHNS CREEK, Ga., July 27, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: Ebix), today issued an informational release declaring that the plaintiffs in two cases in the United States District Court for the Northern District of Georgia and Superior Court of Fulton County State of Georgia voluntarily dismissed their claims without prejudice. Those cases are respectively captioned Lilienfeld v. Raina, et al. and Shah v. Raina, et al.

Plaintiffs in Two Legal Cases Voluntarily Dismiss Claims Against Ebix Without Prejudice

EbixCash's IPO is set to be listed in the Indian stock market after years of delay. All indications point to the imminent IPO of EbixCash in the next few weeks. Improved market conditions and peer valuation comparisons suggest a well-received IPO.

Ebix: Upcoming EbixCash IPO Is Still Under-Appreciated

Global e-commerce and Software-as-a-Service (SaaS) provider Ebix Inc. NASDAQ: EBIX is a jack-of-all-trades fintech solutions provider to the insurance, travel, healthcare and e-learning industries. The company may be under the radar, but it's not new.

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JOHNS CREEK, Ga., July 18, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: Ebix), today issued an informational release declaring that the United States Southern District Court State of New York (SDNY) yesterday issued a formal ruling in the matter of Ebix, Inc. (“Ebix”) vs. Rahul Saraf (the “Plaintiff”) and dismissed the class action securities suit against Ebix. The District Court also denied the Plantiff's request to file new amended claims, after reviewing the previous three complaints, and ordered the dismissal of the third amended complaint.

Southern District Court of New York Dismisses Securities Suit Against Ebix

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JOHNS CREEK, Ga., July 15, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: Ebix), today issued an informational release with a few clarifications and updates to the previously issued strategic update release on July 14, 2023.

News for Ebix Stock (EBIX)