| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
31 |
| Employees |
3,500 |
| Revenues (TTM) (Millions $) |
736 |
| Net Income (TTM) (Millions $) |
3 |
| Cash Flow (TTM) (Millions $) |
3 |
| Capital Exp. (TTM) (Millions $) |
15 |
Business Description
Ebix Inc. is a software as a service (SaaS) company headquartered in Atlanta, Georgia, that provides a range of on-demand software solutions for the insurance, financial, healthcare, and e-commerce industries. The company was founded in 1976 by Robin Raina and has grown through a series of strategic acquisitions over the years.
The company's business model is focused on developing and selling software solutions to its clients on a subscription basis. The company's software products cater to different areas of the insurance industry, including life insurance, property and casualty insurance, health insurance, and annuities.
Ebix's suite of software solutions includes solutions for policy administration, CRM, risk management, underwriting, and e-commerce. The company also offers mobile apps for insurance agents and brokers that allow them to access real-time information about their clients.
The company's financial solutions include payment processing, risk management, and foreign exchange services. Ebix also provides healthcare solutions that focus on electronic medical records (EMRs), telemedicine, and healthcare information systems.
Ebix has a global presence, with operations in the United States, Canada, Europe, Australia, New Zealand, India, Brazil, and Singapore. The company's customer base includes insurance companies, financial institutions, healthcare providers, and e-commerce businesses.
In recent years, the company has faced investigations into its accounting practices, including its revenue recognition policies. In 2019, Ebix faced a probe by the US Securities and Exchange Commission over the accounting for its acquisitions. Despite these challenges, the company has continued to grow, with revenues of $506 million in 2019, up from $476 million in 2018.
Overall, Ebix Inc. is a leading provider of software solutions for the insurance, financial, healthcare, and e-commerce industries. With a focus on subscription-based software solutions and a global presence, the company is positioned to continue its growth in the years ahead.
Company Address: 1 Ebix Way Johns Creek, 30097 GA
Company Phone Number: 281-2020 Stock Exchange / Ticker: NASDAQ EBIX
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