Ebix Responds to Misleading and Inaccurate Seeking Alpha Blog

  Ebix Responds to Misleading and Inaccurate Seeking Alpha Blog

Business Wire

ATLANTA -- September 23, 2013

Ebix, Inc., (NASDAQ:EBIX), a leading international supplier of On-Demand
software and E-commerce services to the insurance industry, today issued the
following statement regarding a blog post recently published by Seeking Alpha:

The Company has reviewed the blog post prepared by anonymous blogger “Gotham
City Research” that was published by Seeking Alpha on September 19, 2013. In
all material respects, the contents of the post are false, misleading,
inaccurate, and without merit. The Company further notes that many of the
allegations made in this blog post are recycled from a prior posting by the
same anonymous blogger. Ebix takes its financial and tax reporting
responsibilities very seriously and is confident in the accuracy of its
financial disclosures and tax filings. Our principal auditors, as well as our
statutory auditors in each of the foreign jurisdictions in which the Company
conducts operations, have issued unqualified opinions with respect to the
Company’s financial statements.

Ebix has a strong balance sheet, a world class sales force and market-leading
products. The Company remains focused on driving shareholder value by
executing on its business strategy and will continue to work collaboratively
with clients to develop innovative technology strategies and solutions that
address specific business challenges.

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
Ebix, Inc.
Steven Barlow, IR, 678-281-2043
steve.barlow@ebix.com
or
Aaron Tikkoo, IR, 678-281-2027
atikkoo@ebix.com
or
Media
Joele Frank, Wilkinson Brimmer Katcher
Tim Lynch / Jonathan Keehner
212-355-4449
 
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