- Business
- Ebix, Inc. (EBIXQ) provides on-demand infrastructure software exchanges and e-commerce services to the insurance, financial, travel, cash remittance, and healthcare industries worldwide; its core offerings encompass Software-as-a-Service (SaaS) enterprise solutions including customer relationship management systems, front-end and back-end core systems, outsourced administrative and risk compliance solutions such as certificates of insurance creation and tracking, consulting services in project management, integration, development and testing, business process outsourcing for domain-intensive project management, system consulting and claims adjudication/settlement, infrastructure exchanges for insurance and reinsurance in life, annuity, health and property & casualty lines processing over $100 billion in annual premiums, EbixCash financial exchange portfolio featuring domestic and international money remittance, foreign exchange, travel bookings via Via and Mercury platforms, prepaid and gift cards, utility payments, lending and wealth management technologies with phygital strategy integrating 320,000 physical outlets in Southeast Asia and omni-channel digital platforms conducting $4.8 billion in annual Forex at 32 Indian airports and $5 billion in inward remittances; the company operates through over 40 offices across Australia, Brazil, Canada, India, New Zealand, Singapore, the US and UK, employs thousands of insurance and financial technology professionals serving carriers, corporate clients and brokers across six continents with an 80-85% recurring revenue base; founded in 1976 as Delphi Systems, Inc. and renamed Ebix in 2003, it is headquartered in Johns Creek, Georgia. In recent developments, Ebix emerged from Chapter 11 bankruptcy reorganization on August 30, 2024 after less than nine months, achieving a debt-free global balance sheet, leaner operating model and investments from Eraaya Lifespaces Limited, Watch Hill Capital and Melanie Lane Partner Series to fuel international expansion, new technology investments and liquidity for growth in regulated sectors; Eraaya Lifespaces acquired Ebix's equity in 2024 under a Plan Support Agreement preserving its US-domiciled status while consolidating global financial results, enabling relaunch enhancements in Ebix Health operations, workforce expansion and service improvements.