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Formerly | Delphi Information Systems, Inc. (1976–1999) ebix.com, Inc. (1999–2003) |
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Company type | Public |
OTC Pink: EBIXQ Nasdaq: EBIX (prior to 2024) | |
Founded | 1976Atlanta, Georgia, United States | in
Founder | Ken Bitticks (co-founder) |
Headquarters | 1 Ebix Way, Johns Creek, Georgia 30097 , United States |
Area served | Worldwide |
Key people | Vikas Garg (chairman,Karan Bagga CEO and president) |
Number of employees | 9,802 [1] |
Subsidiaries | Ebix Smartclass Educational Services EbixCash |
Website | Official website |
Ebix, Inc., previously known as ebix.com, Inc. [2] [3] and formerly Delphi Information Systems, Inc., [4] is an American multinational technology company which focuses on e-commerce, cloud computing (SaaS), insurance, [5] finance, healthcare and e-learning. Co-founded by Ken Bitticks in Atlanta, Georgia in 1976, [6] [7] it was traded on Nasdaq as EBIX. [8] The company's global headquarters is located in Johns Creek, Georgia, with offices in Australia, Brazil, Canada, India, New Zealand, Singapore and UK. [9]
Ebix was co-founded as Delphi Information Systems, Inc. by Ken Bitticks in 1976 in Atlanta, Georgia, United States. [7] In 1983, it was reincorporated in Delaware. [10]
In October 1997, Robin Raina was appointed as the firm's new vice president for professional services. [11] He took over as president [12] and then as chief executive officer [13] in 1999. In May 1999, the firm announced the introduction of its first e-commerce portal, ebix.com. [14] Robin became the director in February 2000 [15] and was later appointed as the chairman in 2002. [16] In 2003, he changed the company's name from ebix.com, Inc. to Ebix, Inc. [3] In 2013, Bloomberg reported that the U.S. federal government launched a probe against Raina after the disclosure of his proposed 820 million US dollars deal with Goldman Sachs to take the firm private. [17] In early 2015, it moved its headquarters to Johns Creek, Georgia. [18]
In May 2017, the firm acquired 80% stake in Indian digital payments firm ItzCash for 124 million dollars from Essel Group [19] and later rebranded it as EbixCash. In August 2017, the firm purchased BSE-listed Wall Street Finance Ltd's subsidiary Goldman Securities Ltd, along with its money transfer service scheme business, for $7.4 million. [20] In September 2017, Ebix agreed to acquired BSE-listed Paul Merchants Ltd's international remittance business for $40.7 million. [21] In November 2017, Ebix acquired Indian travel company Via.com for almost $75 million. [22] [23]
On December 17, 2023, after defaulting on a $617 million loan, Ebix declared Chapter 11 bankruptcy. [24] In 2024, it was acquired by an India-based company, Eraaya Lifespaces. [25]