Ebix, Inc. Announces $100 Million Stock Repurchase

Ebix, Inc. Announces $100 Million Stock Repurchase

ATLANTA, June 21, 2013 (GLOBE NEWSWIRE) -- Ebix, Inc., (Nasdaq:EBIX), a
leading international supplier of On-Demand software and E-commerce services
to the insurance industry, today announced its Board of Directors has approved
a $100 million common stock repurchase program. Shares of common stock may be
purchased under the program from time to time on the open market and in
privately negotiated transactions, subject to customary legal, contractual and
regulatory considerations.Ebix intends to complete this new $100 million
stock repurchase authorization within the next 24 months.The Company will
fund the repurchases through cash on hand and future cash flow from
operations.Ebix currently has approximately $35.5 million of cash on hand
worldwide.During 2012, the Company generated free cash flow of $65.3 million,
excluding the cash used to acquire businesses during the year. The decision
to authorize this share repurchase program has been made as part of the
Company's continuing evaluation of strategic options to enhance value for
shareholders.

The Company believes that recent allegations published in the media and
elsewhere are without merit, and that a share repurchase program represents an
attractive use of its cash resources.The Board of Directors is confident that
the Company is executing on an effective business strategy, which is
generating both strong free cash flow and a robust contract pipeline.

With a recurring revenue base of approximately 80%, Ebix works collaboratively
with clients to develop innovative technology strategies and solutions that
address specific business challenges.The Company has a strong balance sheet,
a world class sales force, market leading products and is focused on
continuing to serve its thousands of customers.

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. For more information, visit the
Company's website at www.ebix.com

Forward-Looking Statements

We have made forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, in this press release, including, without
limitation, statements regarding the Company's planned stock repurchase
program, recurring revenue base, free cash flow and contract pipeline. The
words "believes," "anticipates," "plans," "expects," "intends," "estimates,"
"seeks," "may" and similar expressions are intended to identify
forward-looking statements. These forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause our actual
results, performance and achievements, to differ materially from any future
results, performance or achievements expressed or implied by such
forward-looking statements.

Although we presently believe that the plans, expectations and results
expressed in or suggested by the forward-looking statements are reasonable,
all forward-looking statements are inherently subjective, uncertain and
subject to change, as they involve substantial risks and uncertainties beyond
our control, including, without limitation, our ability to execute repurchases
of our shares on attractive terms, as well as the other risks and
uncertainties discussed in our reports and other public filings with the SEC.
This list of risks and uncertainties, however, is only a summary of some of
the most important factors and is not intended to be exhaustive. New factors
emerge from time to time, and it is not possible for us to predict the nature,
or assess the potential impact, of each new factor on our business. Given
these uncertainties, we caution you not to place undue reliance on these
forward-looking statements. We undertake no obligation to update or revise any
of our forward-looking statements for events or circumstances that arise after
the statement is made, except as otherwise may be required by law. Additional
information regarding risk factors that may affect us or these forward-looking
statements is included under the caption "Risk Factors" in our Annual Report
on Form 10-K for the fiscal year ended December 31, 2012 and subsequent
filings with the SEC.

CONTACT: Investors
         Steven Barlow, IR, 678-281-2043 or
         steve.barlow@ebix.com
         Aaron Tikkoo, IR, 678 -281-2027 or
         atikkoo@ebix.com
        
         Media
         Andy Brimmer / Tim Lynch / Andrew Siegel
         Joele Frank, Wilkinson Brimmer Katcher
         212-355-4449

Ebix, Inc. Logo