ATLANTA, GA--(Marketwired - Jun 28, 2016) - Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, today announced that Ebix along with its consortium partner Educomp, has been selected to set up Smart Class rooms in the historical city of Udaipur in Rajasthan, India. The project will be implemented by Ebix's newly formed joint venture subsidiary with Educomp Solutions Limited to address the e-Learning sector in India.
The project involves deploying digital classroom technology in Government schools in the walled city of Udaipur. The decision to select Ebix, along with its consortium partner Educomp was made by the Government owned public sector unit - Udaipur Smart City Limited (USCL).
USCL has been working towards the Development of "Smart City Udaipur" since its inception. USCL is striving to enhance the learning outcomes of school children using diverse digital techniques. One of the techniques is to empower teachers by training them to use multimedia content and interactive techniques. By having the right mix of conventional blackboard based teaching along with interactive 2D/3D multimedia videos, animation and digital courseware, USCL aims to impart standardized high quality e-learning to school students in the city.
Smart Cities Mission is a core urban renewal and retrofitting program by the Government of India with a mission to develop 100 smart cities all over the country. The Union Ministry of Urban Development is responsible for implementing the mission in collaboration with the state governments of each of these cities. The Government of India under the leadership of Prime Minister Narendra Modi has earmarked a total budget of $7 billion towards the vision of developing 100 smart cities, that would be equipped with smart solutions in many areas like education, e-governance, public transport, IT connectivity, and citizen participation.
Ebix Chairman, President and CEO Robin Raina said, "This is an exciting win for the Company, as it puts a stamp of approval on our ability to meet the needs of the Government schools in India. It establishes us as a serious contender for all smart e-learning initiatives of the Government of India, across the length and breadth of the country. Imparting standardized high quality education is an important goal of the present Indian administration and our e-learning subsidiary is focused on being a participant in that initiative, aided by the vast library of 25,000 plus e-learning courses that it has access to through its partnership with Educomp."
About Ebix, Inc.
A leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, Ebix, Inc., (NASDAQ: EBIX) provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and risk compliance solutions to custom software development for all entities involved in the insurance industry.
With 40+ offices across Brazil, Singapore, Australia, the US, UK, New Zealand, India and Canada, 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. Through its various SaaS-based software platforms, Ebix employs hundreds of insurance 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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