ATLANTA, GA – May 5, 2010 – Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, unveiled today its strategy for Cloud-computing and announced the new Ebix Cloud family of products and services for the Insurance market.
Within the Cloud-computing model, all Ebix solutions and software will be delivered as a utility or on a pay-per-use model basis. Built on top of the current Ebix product portfolio, these offerings would provide a range of services from collaboration infrastructure to data integration solutions. Ebix’s Cloud-computing platforms will allow an insurance entity to outsource data center and application hosting across multiple platforms to a single managed service provider. This will work to drive costs down and improve overall performance and reliability.
Ebix would also utilize the Cloud Web Application framework for developing multi-tenant SaaS applications based on the Cloud infrastructure. The new Cloud service would offer the convenience of traditional SaaS, but with far greater freedom, control, and cost savings for Ebix’s customers. Ebix Cloud Infrastructure solutions will help clients create and manage their applications over the Public and Private Clouds.
Security is a critical need in the insurance industry and it gains even more significance in the era of Cloud-computing, which presents challenges such as data safeguards, audit, governance and availability. Ebix is mitigating this security risk by auditing the deployment of its infrastructure based services on the stringent ISO 27001 standards.
Ebix Cloud offerings would help customers by continuing to offer On-Demand solutions to optimize resource utilization and by reducing the infrastructure management and monitoring costs. These Cloud offerings will encompass the areas of – Infrastructure-as-a-Service, Platform-as-a-Service and Software-as-a-Service. The Cloud offerings will include providing consulting, migration, custom application development and deployment services to Ebix clients, while deploying turnkey pricing strategies rather than having users pay for computing power or storage.
Ebix president and CEO, Robin Raina said, "As an On-Demand solutions provider to the insurance marketplace, it is a natural progression for Ebix to grow into the Cloud-computing arena as it aligns well with our current application development strategies. Our Cloud-computing services are being designed to meet customers' critical need to experience results quickly as they deploy their technical applications in traditional data centers, modular data centers or the Cloud.”
Robin added, “There is an opportunity in the insurance industry to offer infrastructure based services on a utilities model, delivered over a Cloud. This will allow insurance companies, brokers, investment advisors, broker dealers, and other entities involved in the insurance industry to run multiple applications interfaced with each other outside the confines of their own data centers. This means clients will have the benefit of dealing with one infrastructure services provider. We believe Ebix is uniquely positioned to play a major role using Cloud-computing within the insurance industry. We are one of the only players who can deliver a multitude of services while processing an end-to-end insurance transaction, utilizing our suite of SaaS based products like EbixExchange, EbixAdvantage, SmartOffice and SmartIntegrator.”
About Ebix, Inc.
A leading international supplier of On-Demand software and E-commerce services to the insurance industry, Ebix, Inc., (NASDAQ: EBIX) provides end-to-end solutions ranging from Infrastructure Exchanges, Carrier Systems, Agency Systems and BPO services to custom software development for all entities involved in the insurance industry.
With 30+ offices across Brazil, Singapore, Australia, the US, New Zealand, India and Canada, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance while conducting in excess of $100 billion in insurance premiums on its platforms. Through its various SaaS-based software platforms, Ebix employs hundreds of insurance and technology professionals to provide products, support and consultancy to thousands of customers on six continents. Ebix’s focus on quality has enabled it to be awarded Level 5 status of the Carnegie Mellon Software Engineering Institute’s Capability Maturity Model (CMM). Ebix has also earned ISO 9001:2000 certification for both its development and BPO units in India. For more information, visit the Company’s website at www.ebix.com
Neil van Helden
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