Ebix Responds to Seeking Alpha Blog
ATLANTA, Feb. 22, 2013 (GLOBE NEWSWIRE) -- 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
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
The Ebix, Inc. logo is available at
CONTACT: Steven N. Barlow - Investor Relations
678-281-2043 or firstname.lastname@example.org
678-281-2027 or email@example.com
Ebix, Inc. Logo
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