Ebix Among Cloud Top 500

1 Ebix Way

Atlanta, GA, 30097, United States

1 678-281-2020



Ebix Strengths, Domain Expertise, and Key Differentiators

The Company looks at its acquisition strategy as an efficient way to further expand its reach in the insurance sector and also as effective utilization of the operating cash generated from its business. Focusing on insurance applications, Ebix addresses all four of its revenue channels exchanges, broker systems, BPO services, and carrier systems.

In addition to selling applications that automate the back-end functions of insurance brokers and carriers, Ebix operates an on-demand software exchange that handles more than $100 billion in insurance premiums. The exchange allows subscribers to automate, expedite, and improve business processes within the life insurance, annuity, property&casualty, and health insurance segments. EbixExchange enables CRM solutions, order-entry platforms, quoting engines, risk administration tools, loss reporting compliance, and data transformation solutions.

The electronic straight through processing EbixExchange supports insurance agencies, brokerage and clearing firms, and operations centers at over 100 of the biggest carriers and their affiliates. Its BPO division is involved in generating insurance certificates for the construction and housing industry.

Ebix Recent Developments

In July 2020, BSE Ebix Insurance Broking Private Limited, a joint venture of BSE and Ebix Fincorp Exchange Pte Ltd., today announced the beta launch of Life insurance on its state-of-the-art hi-tech platform by enrolling two of India’s leading Life Insurance Companies, Aditya Birla Sun Life Insurance Co Ltd & Bajaj Allianz Life Insurance Co Ltd.

In June the same year, Ebix launched integration with AnnuityNet, EbixExchange’s industry-leading order-entry solution for annuity transactions, and SIMON Markets LLC and SIMON Annuities and Insurance Services LLC (“SIMON”). This partnership promises to tap into new markets for annuity sales by seamlessly connecting wealth management advisors on SIMON’s cloud-based annuities platform to insurance carrier offerings, creating a simplified, end-to-end annuity sales experience.

In July 2018, Ebix acquired India based Indus Software Technologies, a global provider of enterprise Lending software solutions to financial institutions, captive auto finance and telecom companies. ndus is tightly integrated into Ebix's Financial Exchange EbixCash offering in India and abroad, with key Indus business executives becoming an integral part of the combined EbixCash senior leadership.

Ebix Mergers and Acquisitions (M&A) Activities

In August 2018, Ebix AD acquired Mercury Travels from Mumbai and Free Corp Corporation in Delhi with a cumulative amount of approximately $ 14.2 million in order to create a new Travel Direction in order to focus on the tourism market segment.

Ebix Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Ebix applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Ebix and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Ebix Cloud, customers.

Ebix Key Enterprise and Cloud Applications

Ebix Cloud,

Ebix Revenues, $M:

Type/Year20182019YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Ebix Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareSupport & MaintenanceSaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

Ebix Revenues By Region, $M

Region% of Total Revenues2019 Total Revenues, $M2019 Enterprise Applications Revenues, $M2019 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Ebix Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Ebix Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Ebix Customers

No. of Ebix Customers: 16000

No. of Ebix Enterprise Applications Customers: x

No. of Ebix Cloud Customers: x

No. of Ebix Cloud Subscribers: x

Ebix has built an extensive portfolio of insurance-related products, services and deep domain expertise that serves over 16,000 clients in 50+ countries with more than 500,000 users. Among Ebix customers are Mutual Insurance Company, Allegiance, BeniComp Advantage, Insurance Design Administrators, Tim Davis&Associates Inc., Verity National Group, Group Benefits Agency, McGohan Brabender, USI, Baylor Health Care System, Highmark Inc., The South Bend Clinic, Welbro, Real Estate, Fenner&Esler Agency, Construction Risk Partners, Transamerica Life Insurance Co., Overton Insurance Australia, BRAMCO, Securian Financial Network, Barry Kaye Associates, and others.

Ebix Market Opportunities, M&A and Geo Expansions

In June 2018, Ebix acquired India based CentrumDirect Limited (CDL), the undisputed leader in India's foreign exchange and outward remittance markets for approximately $175 million. CDL is one of the few named players in India with the requisite AD-II and FMCG regulatory licenses to conduct these businesses through a vast network. The same year, Ebix acquired ItzCash, a provider of payment solutions and POS machines.

In 2017 and 2018, Ebix went on a shopping spree in the Indian market, having acquired 12 companies in a span of 15 months.

Ebix Risks and Challenges

Ebix's new expansion strategy, which includes buying up software and services vendors in new verticals like healthcare and finance, suggested that its insurance focus will give way to near-term growth. That could reshape the look and feel of Ebix for years to come.

Ebix Ecosystem, Partners, Resellers and SI

With 40+ 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 while conducting in excess of $100 billion in insurance premiums on its platforms.

It has strategic partnerships with more than 20 companies including AdminiSource, Bases Loaded, Context4 Healthcare, ADP Brokerage Services, Beacon Research, Communication Intelligence Corporation, The Depository Trust&Clearing Corporation, E-Z Data, Investigo, Morningstar, Vallue Consulting and others. Ebix has more than 7,200 registered Point of Sales Persons.

In June 2020, Ebix made a strategic travel technology partnership with Amadeus to grow its footprint across the Asia Pacific region and UAE and become a one-stop shop for travel.

Ebix Cloud Infrastructure Insights

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  • Ebix Public Cloud and Infrastructure (IaaS)
  • Ebix Platform (PaaS)
  • Ebix Application Delivery
  • Ebix Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link:

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