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TMCNet:  Ebix Appoints Ernst & Young as Auditors for Indian Operations

[September 04, 2014]

Ebix Appoints Ernst & Young as Auditors for Indian Operations

(GlobeNewswire Via Acquire Media NewsEdge) ATLANTA, Sept. 4, 2014 (GLOBE NEWSWIRE) -- Ebix, Inc. (Nasdaq:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, today announced that it has appointed Ernst & Young (E&Y) as the Company's auditors for its Indian operations for the fiscal year 2014-2015.


As a part of this assignment, E&Y will undertake fiscal and tax audits and transfer pricing certification for Ebix's India operations.

The decision to appoint E&Y in India was made as a part of the Company's commitment to have a Public Company Accounting Oversight Board- certified reputed audit firm in any region where it does not presently have a large named multinational audit firm.

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 risk compliance solutions to custom software development for all entities involved in the insurance industry.

With 40+ offices across Australia, Brazil, Canada, India, New Zealand, Singapore, the US and the UK, 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.

CONTACT: Jacqueline Tuell Edelman: 212-277-3787 Jacqueline.Tuell@edelman.com Aaron Tikkoo 678-281-2027 atikkoo@ebix.com Source: Ebix, Inc.

2014 GlobeNewswire, Inc.

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