SOURCE: Ebix, Inc.

Ebix, Inc.

September 12, 2016 07:27 ET

Ebix Executes New E-Governance Contract for 3 Public Sector Undertakings in India

JOHNS CREEK, GA--(Marketwired - Sep 12, 2016) - 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 it is presently in the midst of implementation of multiple projects for a number of Public Sector undertakings in India, towards the Socio- Economic Caste Census (SECC) initiative of the Government of India. These projects are being implemented by Ebix's newly formed joint venture subsidiary with Vayam Technologies Limited to address the E-governance sector in India.

The projects require providing specific quantum of enrollment and identification services for three Public sector organizations in the states of Uttar Pradesh, Madhya Pradesh, Rajasthan & Bihar -- namely Bharat Electronics Limited (BEL), ITI Ltd. and Electronics Corporation of India. The Govt. of India has tasked the Consortium of these three Public Sector Undertakings with the Socio Economic and Caste Census across the entire country of more than a billion people.

This SECC project is a key initiative of the Govt. of India, with the Ministry of Rural Development, Ministry of Housing & Urban Poverty Alleviation and the Office of Registrar General, India (ORGI) working in a cohesive manner. SECC project involves a study of socio economic status of rural and urban households in India, while ranking households based on a wide variety of predefined parameters. Amongst other things, the study helps identify households living below the poverty line in India that would get various entitlements, besides allowing the Government to decide on its benefits allocation strategy.

About Ebix, Inc.
A leading international supplier of on-demand software and E-commerce services to the insurance, financial, E-governance and healthcare industries, Ebix, Inc. provides end-to-end on-demand solutions ranging from infrastructure exchanges, front end & back end enterprise systems, outsourced administrative & custom software development solutions, and risk compliance solutions for various entities involved in these industries.

With 40+ offices across Australia, Brazil, Canada, India, New Zealand, Singapore, the US and the UK, 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 annually on its platforms. Through its various SaaS-based software platforms, Ebix employs hundreds of domain specific business and technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company's website at www.ebix.com

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