Ebix Signs Agreement With Telefonica/Vivo, the Largest Telecom Company in
Brazil to Deploy Health Content to Their Client Base
ATLANTA, July 17, 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 that its subsidiary Ebix Latin America has
executed a contract with Telefônica/Vivo mobile telecommunications company, to
provide health content to its large client base in Brazil, using Ebix's
A.D.A.M. Health Content Exchange.
Telefônica/Vivo is the largest telecommunications company in Brazil, with more
than 90 million active client users, 76 million of those in the mobile
operation alone, which holds the largest market share in the segment (29.56%)
within the Brazilian market context. In 2011, with the acquisition of Vivo,
Telefônica established itself as the largest integrated operator in Brazil,
both by number of clients as well as by size of revenues. The company belongs
to the Spanish group Telefónica, one of the largest landline and mobile
Telecom operators in Europe, besides being the largest in Spain and Latin
This opportunity came about because Telefônica/Vivo worldwide has started a
new business called "eHealth Self Care" to provide health assistance and
complementary services to their millions of clients. This division is being
structured worldwide since 2011.
Based on conservative estimates, the deployment is expected to be initiated
with a projection of up to 1.2 million unique users on a monthly basis.
However, this figure is expected to grow sizably as additional millions of
unique visitors get access to the eHealth Portal in Brazil, in addition to the
strong potential for subsequent adoption of the Ebix Portal solution by other
Latin American and European countries where Telefónica is present.
Camila Crispiniano, Leader of eHealth Self Care for Telefônica/Vivo in Brazil
said, "Our partnership with Ebix just came as a perfect fit and a natural
addition to the differentiated health related products and services which are
part of the offerings by Telefônica/Vivo eHealth to our clients in Brazil. I
am confident about the value which will be added by A.D.A.M. Health & Wellness
portfolio of products to our vast client base."
Camila added, "I am excited that Telefônica will be a pioneer in proving the
success of this solution to millions of mobile users in Brazil, while at the
same time establishing a global model for replication and adoption by other
markets where Telefônica is present".
Mario Nogueira, SVP and Division Head for Ebix Latin America, said: "We are
very proud about this important relationship with a strong consumer brand such
as Telefônica/Vivo. This will certainly represent a key reference for Ebix
Insurance and Health products in Latin America, while strengthening our
presence in the region. We continue to be excited about cross-selling the vast
portfolio of Ebix products in the Latin American markets".
The Content Exchange solution for Telefônica/Vivo is expected to go live in
Brazil in Q4 of 2013.
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, UK, New Zealand,
India and Canada, Ebix powers multiple exchanges across the world in the field
of life, annuity, health and property & casualty insurance. 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 9001:2000 certification for both
its development and BPO units in India. For more information, visit the
Company's website at www.ebix.com
Andy Brimmer / Tim Lynch / Andrew Siegel
Joele Frank, Wilkinson Brimmer Katcher
Ebix, Inc. Logo
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