Ebix Among Apps Top 500

1 Ebix Way

Atlanta, GA, 30097, United States

1 678-281-2020

https://www.ebix.com/

249

Ebix Strengths, Domain Expertise, and Key Differentiators

With 50+ offices across 6 continents, Ebix, Inc, endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, Ebix develops and deploys a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.

The Company’s EbixCash Financial exchange subsidiary is a leader in domestic and international money remittance, foreign exchange (Forex), travel, pre-paid/gift cards, utility payments, software solutions for lending, wealth management, bus exchanges and insurance in India and other markets. Ebix and its subsidiaries employ thousands of domain-specific technology professionals to provide products, support and consultancy to thousands of customers on six continents.

Ebix Recent Developments

In July 2021, India’s Leading Teleshopping Network - Naaptol, has selected EbixCash’s BPO Division – EbixCash Global Services as its Customer Care Operations partner for the East Region. Naaptol is a free to air television and online network that has emerged as the the No.1 home shopping company of India, while specializing in televised home shopping. The deal involves EbixCash deploying a number of centers across multiple cities to optimize and manage Naaptol’s Customer Care Operations. Naaptol today serves 24,000 zipcodes in India, the highest among all ecommerce players, providing it a countrywide reach. The brand prides itself on high quality, state-of-the-art, affordable, innovative consumer goods and lifestyle products. From home decor to apparels to toys to kitchen appliances, the brand encapsulates fashion, luxury, comfort and style to its product portfolio combining innovation, affordability and modernity. In August 2020, Naaptol partnered with EbixCash to initially target the Telugu and Kannada marketplace. The success of that partnership resulted in Naaptol recently selecting EbixCash to manage its customer care operations for the Eastern region of India also.

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.

Ebix Mergers and Acquisitions (M&A) Activities

Company views acquisitions as an integral part of its growth strategy, an efficient way to further expand its reach, and an effective utilization of the operating cash generated from the Company's business. During the year ended December 31, 2020 the Company completed two business acquisitions, as follows: In May 2020, Ebix acquired from bankruptcy India-based Trimax, which provides IT and integration services to state-owned transport corporations, operates data centers, and is an IT infrastructure solution provider, for approximately $9.9 million of upfront consideration.

In October 2020, the Ebix acquired a 70% interest in AssureEdge Global Services (“AssureEdge”). AssureEdge is pan-India based business process outsourcing ("BPO") company, with a variety of BPO offerings via six contact centers across India. It serves a number of industries and clients that have cross-selling value for EbixCash services.

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 Overview

Ownership: - NASDAQ: EBIX

Number of Employees: 9802

Functional Markets: CRM, ERP Financial, ERP Services and Operations, HCM, TRM,

Key Verticals: Banking and Financial Services, Healthcare, Insurance,

Ebix Key Enterprise and Cloud Applications

Ebix Cloud,

Ebix Revenues, $M:

Type/Year 2019 2020 YoY 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:

Type License Prof. Services Hardware Support & Maintenance SaaS PaaS IaaS Other (Non Enterprise Application Revenues) Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Ebix Revenues By Region, $M

Region % of Total Revenues 2020 Total Revenues, $M 2020 Enterprise Applications Revenues, $M 2020 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

Region Direct Sales Indirect Sales Total
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: 16000

No. of Ebix Cloud Customers: x

No. of Ebix Cloud Subscribers: 500000


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

More than six million transactions in 2020. EbixCash is the largest network partner for Western Union globally and an exclusive partner for Moneygram in India. EbixCash also processes over 65% of all Ria transactions in India through its agent network.

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

The Company has its worldwide headquarters in Johns Creek, Georgia, and also has domestic and international operations spread across over 50 offices. The countries in which the Company has operating facilities and offices, include, among others, Australia, Brazil, Canada, India, Indonesia, New Zealand, Philippines, Singapore, the United Kingdom, United Arab of Emirates and the United States. 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

Subscribe to read more about:

  • 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).


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