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Ebix Corrects Misleading Stock Ownership Data in Article



Ebix Corrects Misleading Stock Ownership Data in Article

ATLANTA, Nov. 6, 2012 (GLOBE NEWSWIRE) -- Ebix, Inc. (Nasdaq:EBIX), a leading
international supplier of On-Demand software and E-commerce services to the
insurance industry, today decided to issue this press release in response to
investor queries on Ebix President & CEO Robin Raina's share ownership
mentioned in the Bloomberg article published recently. The article seems to
leave readers with the understanding that Mr. Raina had sold all his ownership
in Ebix with the exception of 415,889 shares of Ebix.

The Bloomberg article states – "Raina owned about 3.5 million shares of Ebix,
accounting for 9 percent of the company's shares, as of June 22, according to
data compiled by Bloomberg. He held 415,889 shares as of Sept. 27."

The Company confirms that the numbers mentioned in the Bloomberg article are
completely erroneous and do not conform to Mr. Raina's current beneficial
ownership at 3,671,560 shares, as mentioned in the 2012 Proxy statement filed
by the Company. The Company also asserts that Mr. Raina has not sold any
shares since our Proxy was filed on October 10^th 2012.

About Ebix, Inc.

Ebix, Inc. is a leading international supplier of software and e-commerce
solutions to the insurance industry. Ebix provides a series of application
software products for the insurance industry ranging from carrier systems,
agency systems and exchanges to custom software development for all entities
involved in the insurance and financial services industries.

Ebix works collaboratively with clients to develop innovative technology
strategies and solutions that address specific business challenges. Ebix
combines the newest technologies with its capabilities in consulting, systems
design and integration, IT and business process outsourcing, applications
software, and Web and application hosting to meet the individual needs of
organizations.

With bases in Singapore, Australia, the US, New Zealand, India, Brazil, UK and
Canada, Ebix employs more than 2000 insurance and technology professionals who
provide products, support and consultancy to hundreds of thousands of users
across six continents. Ebix's focus on quality has enabled it 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 call center units in India. For more information,
visit http://www.ebix.com.

The Ebix, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12133

Safe Harbor for Forward Looking Statements under the Private Securities
Litigation Reform Act of 1995 — 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, 2011,
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.

CONTACT: Investor Relations Contacts:
         Steven Barlow, 678-281-2043 or steve.barlow@ebix.com
         Aaron Tikkoo, 678-281-2027 or atikkoo@ebix.com

Ebix, Inc. Logo
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