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Komlossy Law, P.A. Announces Investigation of Ebix, Inc.



  Komlossy Law, P.A. Announces Investigation of Ebix, Inc.

Business Wire

HOLLYWOOD, Fla. -- May 1, 2013

Komlossy Law, P.A. is investigating the Board of Directors ("Board") of Ebix,
Inc. (“Ebix” or the “Company”) (Nasdaq:EBIX) for possible breaches of
fiduciary duty and other violations of state law in connection with their
attempt to complete a sale of the Company to an affiliate of Goldman, Sachs &
Co. in a transaction valued at approximately $820 million. Pursuant to the
terms of the proposed transaction, Ebix shareholders are to receive $20.00 in
cash for each share. The acquisition price purports to represent a premium of
only 7.2% over the closing price of Ebix stock on April 30, 2013, the day
before the announcement of the proposed acquisition.

The investigation involves whether the Board breached their fiduciary duties
to stockholders by favoring the interests of certain officers and directors of
the Company in the proposed acquisition, and whether the transaction is fair
to shareholders with respect to price, process and disclosure of all material
information. The Company's Chairman, CEO and President, Robin Raina, and the
Rennes Foundation, which together own approximately 19 percent of the
Company's stock, have entered into separate agreements to vote their shares in
favor of the proposed acquisition.

If you own Ebix stock and wish to obtain additional information about your
rights as a shareholder, or if you have information about the above
investigation, please contact Emily C. Komlossy, Esq. via email at
eck@komlossylaw.com or Ross A. Appel, Esq. at raa@komlossylaw.com or by
telephone toll free at (855) 858-1233.

Komlossy Law, P.A. represents shareholders in complex litigation, including
class action and derivative litigation. Komlossy Law, P.A. may co-counsel with
another firm, or refer a case to another firm. More information is available
through its website, www.komlossylaw.com/Ebix, and upon request from the firm.
Emily C. Komlossy is the attorney responsible for the content of this release.

Attorney Advertisement. Past results do not guarantee or predict a similar
outcome with respect to any future matter.

Contact:

Komlossy Law, P.A.
Emily C. Komlossy, Esq., 855-858-1233
eck@komlossylaw.com
www.komlossylaw.com
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