ATLANTA, GA – September 16, 2011 – Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced the addition of seven new key senior Executives to its Exchange, BPO and Investor Relation Groups in the United States.
Five of the senior Executive namely Warren Brinker, Tom Chelston, David Greiff, Ellen Milantoni and Larry Panetta will be leading key new sales functions. The Company also announced the hiring of Ashley Franco in a senior Exchange technology position along with the hiring of a senior Executive for a newly created Vice President – Investor Relations position. A separate press announcement will be made with more details on the Investor Relations position soon.
Making the announcement Ebix Corporate Vice President – Human Resources, Darren Joseph said, “We are excited to add these exceptional men and women to our growing team of Senior Managers. Our focus has been on hiring leaders with a successful track record in the SaaS and Insurance sectors. I know they will add immediate value to our efforts to grow the Company and amplify our overall sales capabilities.”
Dan Delity, Ebix Corporate Senior Vice President – Exchanges said, “In spite of the downturns in the insurance industry over the last few years, we are experiencing sales momentum and increased demand for our Exchange family of products and services. This is driven by the industry’s efforts to improve its productivity, margins, reach, compliance and audit trails. Our ability to deliver end-to-end solutions allows us to deliver functionality that was seemingly a dream until now. We believe that the addition of these new key hires to our team, along with our continued efforts to keep hiring new sales Managers will set a strong foundation for a Company focused on driving consistent increased sales growth.”
To meet its goal of bringing best in class CRM technology to the Financial and Insurance industries, Ebix announced today that it has hired Warren Brinker to be its new Vice President - Global CRM Sales. With over 20 years of sales management experience, Brinker has held senior roles with Southern Equities LLC, Correctnet Inc., The Bank of New York, Depository Trust and Clearing Corporation (DTCC), and SunGard. Brinker has a wealth of knowledge selling and managing CRM and data warehousing technologies and tools. Brinker will build out and lead a team of sales professionals responsible for establishing and sustaining long-term relationships with Financial and Insurance manufacturers and suppliers. In this newly created role, Brinker’s team will focus on the Life, Health, Property Casualty Insurance carriers as well as Banks, Broker Dealers and Hedge Fund providers. In this new role, Warren will report to Michael Sladek who has been promoted to the position of SVP – Exchange Sales.
The Company also announced the hiring of Tom Chelston as Vice President of Sales - Health Solutions to lead its sales efforts in the Health Content Exchange arena. In this new role, Tom will report to Jim Retel, who has been promoted as the Head of the Health Content Exchange Division. With over two decades of sales management experience, Tom brings a wealth of Health insurance knowledge to Ebix. Before joining Ebix, Tom served as the Vice President –Sales for Krames Staywell, a division of MediMedia USA for five years.
With the goal of providing end-to-end Health solutions to all entities including Employers, Brokers, TPAs and Carriers, Ebix also announced the hiring of David Greiff as its Vice President of Sales – Health Solutions. In this position, David will utilize his 13 years of sales management experience to sell Ebix’s portfolio of Enterprise exchange solutions for the Health industry. Having spent the last 9 years in the Health industry, David brings to Ebix his expertise of dealing with Healthcare companies and clients ranging from State Health departments to National Health plans, assisted living facilities, major retailers, and Fortune 500 firms.
As Vice Present – Health Exchange Solutions (Government), Ellen Milantoni will lead the Company’s Health exchange sales efforts with a primary focus on the Government sector. With a career spanning over 27 years in the software industry, Mary has held sales management positions with companies like IBM, Borland and Microsoft. Her varied marketing, product management, technology and business development experience coupled with her understanding of the Financial services & Health payer industries will allow her to lead Ebix’s efforts to deploy its Health Exchange custom solutions for the State Governments.
The Company also announced the hiring of Larry Panetta as Vice President of Sales, Ebix BPO to lead its sales efforts in the BPO sector including the niche areas of insurance certificate creation and certificate tracking. With a career spanning more than two decades across companies like Oracle, Siebel, SAP & JD Edwards, Larry brings a blend of sales, product development, and implementation experience across many industry verticals including the Financial and insurance industries. In this position, he will report directly to the Ebix CEO Robin Raina.
With a career spanning fourteen years of leadership experience within the Information Technology field concentrating on directing software development, solutions strategy, delivery and execution with specialization in the Insurance industry, Ashley Franco takes over as the new Vice President of Technology – EbixExchange. Before joining Ebix, Ashley was the Vice President of Global IT for Marsh & McLennan companies with responsibilities including overall IT strategy & business alignment, solutions delivery, operations, vendor management, and staffing.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). With a recent ISO 27001-security certification, the Company also has a 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
Aaron Tikkoo, IR, 678 -281-2027
This press release contains various forward looking statements and information that are based on management's beliefs, as well as assumptions made by, and information currently available to management, including statements regarding future economic performance and financial condition, liquidity and capital resources, acceptance of the Company's products by the market and management's plans and objectives. The Company has tried to identify such forward looking statements by use of words such as "expects," "intends," "anticipates," "plans," "believes," "will," "should," and similar expressions, but these words are not the exclusive means of identifying such statements. Such statements are subject to various risks, uncertainties and other factors which could cause actual results to vary materially from those expressed in, or implied by, the forward looking statements. Such risks, uncertainties and other factors include the extent to which the Company's new products and services can be successfully developed and marketed, the integration and other risks associated with recent and future acquisitions, the willingness of independent insurance agencies to outsource their computer and other processing needs to third parties, the Company's ability to continue to develop new products to effectively address market needs in an industry characterized by rapid technological change, the Company's dependence on the insurance industry (and in particular independent agents), the highly competitive and rapidly changing automation systems market, the Company's ability to effectively protect its applications software and other proprietary information, the Company's ability to attract and retain quality management, and software, technical sales and other personnel, the potential negative impact on the Company's outsourcing business in India from adverse publicity and possible governmental regulation, the risks of disruption of the Company's Internet connections or internal service problems, the possibly adverse effects of a substantial increase in volume of traffic on the Company's website, mainframe and other servers, possible security breaches on the Company's website and the possible effects of insurance regulation on the Company's business. Certain of these, as well as other, risks, uncertainties and other factors, are described in more detail in Ebix’s periodic filings with the Securities and Exchange Commission, including the company’s annual report on form 10-K for the year ended December 31, 2010, included under "Item 1A. Business—Risk Factors." Except as expressly required by the federal securities laws, the Company undertakes no obligation to update any such factors or to publicly update any of the forward looking statements contained herein to reflect future events or developments or changed circumstances or for any other reason.