Atlanta Business Magazine Ranks Ebix Amongst the Top 10 Growing Companies in Atlanta

ATLANTA--(BUSINESS WIRE)--Ebix, Inc. (NASDAQ:EBIX) announced today that it has been named amongst the Top Ten Growing Companies in Atlanta by the Atlanta Business Magazine. The award was handed over to Ebix at a glittering ceremony at the Atlanta Historical Center last week.

“In the coming days, we would like to prove that Ebix was worthy of all these awards through our ability to grow top line, bottom line, and cash reserves in spite of the financial crisis engulfing the economy.“”

“While these awards are pleasing, I believe that the real test of our strength lies ahead,” said Robin Raina, president & CEO, Ebix Inc. “In the coming days, we would like to prove that Ebix was worthy of all these awards through our ability to grow top line, bottom line, and cash reserves in spite of the financial crisis engulfing the economy.“

Raina added, ”Ebix has always believed in letting its numbers speak for itself. Over the last eight years, Ebix has a record of sequential growth in terms of top line, bottom line and diluted EPS consistently over the last 32 quarters. Our true award will hopefully come from our investors in the form of belief in the company’s fundamentals – once they realize that Ebix has the strength to weather any financial storm. The soon to be announced Q3 2008 results would be a good first test of our fundamental strength.”

This award by the Atlanta Business Magazine follows a series of other recognitions awarded to the company this year. Recently, Raina was named as the Top Performing CEO in Georgia by the Atlanta Business Chronicle. In May 2008, the Atlanta Journal-Constitution ranked Ebix 2nd amongst the Top 100 Public Companies in Georgia. Also in May, Sony TV conferred Raina with the South Asian Personality of the Year Award. In June 2008, FORTUNE Small Business Magazine ranked Ebix at the top amongst its listing of the Fastest Growing Public Companies in Georgia.

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.