Atlanta, GA – February 22, 2013 – Ebix, Inc. (NASDAQ:EBIX), today issued a response to the Report appearing in the Seeking Alpha blog yesterday. In a statement, the Company said –
The Company has reviewed the unsubstantiated report released on February 21, 2013. Management believes that to the best of its knowledge Ebix’s financial reporting, including, among other things, the Company’s accounting for and reporting of intercompany loans, is appropriate and complies with all SEC reporting requirements.
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 an ISO 9001:27001 certification for both its development and BPO units in India. For more information, visit the Company’s website at www.ebix.com.