Ebix, Inc. (NASDAQ:EBIX), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced that it has decided to delay the record date and the effective date of the three-for-one split announced in the morning today.
This decision was taken to give the company time to increase its authorized shares to 20 million, and to provide the company sufficient authorized shares for possible future capitalization needs. The company expects to send out a proxy asking for authorized share increase to investors by 15th August 2008 and expects the shareholder votes to be tabulated by September 10th 2008.
The company spokesperson announced that it will accordingly announce a new record date after September 10th 2008.
About Ebix
Ebix, Inc. is a leading 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 strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. Ebix combines 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, UK, the US, 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’s focus on quality has enabled it be 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. For more information, visit the Company’s website at www.ebix.com
Ebix, Inc.
Jesenia Jurado, 678-281-2036
jjurado@ebix.com
