GlobeNewswire Inc | Aug 31, 2021 07:30AM EDT

August 31, 2021

JOHNS CREEK, Ga., Aug. 31, 2021 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries today announced that Vice Chancellor Joseph R. Slights III has granted Ebixs motion to dismiss in its entirety the Delaware Chancery Court suit filed by Yatra Online, Inc. in June 2020.

About Ebix, Inc. With 150+ offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the insurance sector, Ebixs main focus is to develop and deploy 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.

With a Phygital strategy that combines over 320,000 physical distribution outlets in India and Association of Southeast Asian Nations (ASEAN) countries, to an omni-channel online digital platform, the Companys EbixCash Financial exchange portfolio encompasses leadership in the areas of domestic and international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, software solutions for lending, wealth management, travel, bus exchanges and insurance in India and other markets. EbixCashs Forex operations have emerged as a leader in Indias airport Foreign Exchange business with operations in 13 international airports, combined conducting over $4.8 billion in gross transaction value per year (pre-COVID-19). EbixCashs inward remittance business in India processes approximately $5 billion in gross annual remittance volume (pre-COVID-19) and is the clear market leader. EbixCash Travel is also one of Southeast Asias leading travel exchanges with over 200,000 agents, 25 branches and over 9,800 corporate clients, combined processing an estimated $2.5 billion in gross merchandise value per year (pre-COVID-19).

Through its various SaaS-based software platforms, Ebix employs thousands of domain-specific technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Companys website at www.ebix.com

CONTACT:

Darren Joseph 678 -281-2027 or IR@ebix.com

David Collins or Chris Eddy Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com