ATLANTA, GA – February 5, 2009 — Ebix, Inc. (NASDAQ:
EBIX), a leading international developer and supplier of software and e-commerce
solutions to the insurance industry announced today that Standard and Poor has
added Ebix, Inc. to their SmallCap 600 GICS Application Software Sub-Industry
As an addition to the Standard and Poor’s indices, Ebix, which is headquartered in Atlanta, GA, will now be part of the world’s leading investor index. Standard and Poor’s indices facilitate a wide range of both investable and benchmark indices which in turn yield to fulfilling investor needs.
Standard and Poor’s indices are vastly utilized by institutional investors and investment managers alike in researching index funds and in perfecting both passive and active investment strategies.
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About Standard and Poor’s Index Services
Standard and Poor’s Index Services is a division of the McGraw-Hill Companies (NYSE: MHP) and is the world’s foremost provider of financial market intelligence. Their family of indices consists of both the S&P 500, which is an index with $1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global 1200 which is a composite index comprised of seven regional and county headline indices. Standard and Poor’s service of providing market monetary intelligence incorporates independent credit ratings, indices, risk evaluations, investment research and data.
A CMMI 5 Company, Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of infrastructure software services to the insurance industry ranging from exchanges, carrier systems, agency systems, business process outsourcing (BPO) to custom software development services.
With bases in Singapore, Australia, the US, New Zealand, India and Canada, Ebix employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. Ebix’s focus on quality has enabled its development unit in India to be awarded Level 5 status of the Carnegie Mellon Software Engineering Institute’s Capability Maturity Model Integrated (CMMI). Ebix has also earned ISO 9001:2000 certification for both its development and call center units in India. For more information, visit the Company’s Web site at www.ebix.com.