E-Commerce Solutions Firm, Ebix Inc., Trades on NASDAQ Global Markets

E-Commerce Solutions Firm, Ebix Inc., Trades on NASDAQ Global Markets

February 28, 2007 - International developer and supplier of software and e-commerce solutions to the insurance industry, Ebix, Inc., has commenced trading on the NASDAQ Global Market, trading under the ticker EBIX on the NASDAQ Global Market.

Mr. Robin Raina, Chairman and Chief Executive Officer of Ebix offered, "The NASDAQ Global Market sets higher requirements of stockholders' equity, net income and market value. We are very pleased that our common shares were accepted for trading on the NASDAQ Global Market. We believe the move to the Global Market will increase our visibility and credibility in the institutional marketplace as also expose Ebix to potential new investors. It will also enable Ebix shareholders to benefit from increased liquidity and trading efficiency that the NASDAQ Global Market offers."

Ebix, Inc. is an international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial services industries. Ebix's goal is to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges, by combining the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations.

With bases in Singapore, Australia, the US, UK, New Zealand, India and Canada, Ebix employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. Ebix was awarded Level 5 status of the Carnegie Mellon Software Engineering Institute's Capability Maturity Model (CMM). Ebix has also earned ISO 9001:2000 certification for both its development and call center units in India.