Ebix, Inc., previously known as ebix.com, Inc. and formerly Delphi Information Systems, Inc., is an American multinational

technology Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in medicine, science, ...

company A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common p ...

which focuses on

e-commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...

cloud computing Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mul ...

(

SaaS Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is cons ...

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...

healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

and

e-learning Educational technology (commonly abbreviated as edutech, or edtech) is the combined use of computer hardware, software, and Education sciences, educational theory and practice to facilitate learning. When referred to with its abbreviation, edt ...

. Co-founded by Ken Bitticks in

Atlanta Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...

Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the ...

in 1976, it is traded on

Nasdaq The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

as EBIX. The company's global headquarters is located in

Johns Creek Johns Creek is a city in Fulton County, Georgia, United States. According to the 2020 census, the population was 82,453. The city is a northeastern suburb of Atlanta. History In the early 19th century, the Johns Creek area was dotted with ...

, with offices in Australia, Brazil, Canada, India, New Zealand, Singapore and UK.

History

Ebix was co-founded as Delphi Information Systems, Inc. by Ken Bitticks in 1976 in

, United States. In 1983, it was reincorporated in

Delaware Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Del ...

. In October 1997,

Robin Raina Robin Raina (, born August 31, 1967) is an Indian Americans, Indian-born American Industrial engineering, industrial engineer, businessman and philanthropist who is the chairman, president and chief executive officer of Ebix (company), Ebix Group ...

was appointed as the firm's new vice president for professional services. He took over as president and then as chief executive officer in 1999. In May 1999, the firm announced the introduction of its first e-commerce portal, ebix.com. Robin became the director in February 2000 and was later appointed as the chairman in 2002. In 2003, he changed the company's name from ebix.com, Inc. to Ebix, Inc. 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 Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

to take the firm private. In early 2015, it moved its headquarters to

Johns Creek, Georgia Johns Creek is a city in Fulton County, Georgia, United States. According to the 2020 census, the population was 82,453. The city is a northeastern suburb of Atlanta. History In the early 19th century, the Johns Creek area was dotted with t ...

. In May 2017, the firm acquired 80% stake in Indian digital payments firm ItzCash for 124 million dollars from

Essel Group Essel Group, (also known as Zee Group) is an Indian multinational conglomerate holding company and corporate promoter headquartered in Mumbai, Maharashtra, India. The company has had business interests in mass media, infrastructure and packag ...

and later rebranded it as EbixCash. In August 2017, the firm purchased

BSE BSE may refer to: Medicine * Bovine spongiform encephalopathy, also known as mad cow disease, a neurodegenerative disease of cattle * Breast self-examination Stock exchanges * Bahrain Stock Exchange, Bahrain * Baku Stock Exchange, Azerbaijan * B ...

-listed Wall Street Finance Ltd's subsidiary Goldman Securities Ltd, along with its money transfer service scheme business, for $7.4 million. In September 2017, Ebix agreed to acquired

-listed Paul Merchants Ltd's international remittance business for $40.7 million. In November 2017, Ebix acquired Indian travel company

Via.com Via.com, formerly known as FlightRaja.com, is an Indian travel portal and online travel company based in Bangalore, India. Via.com was founded on 25 July 2006 and incorporated in February 2007. In November 2017, Via.com was acquired by Ebix ...

for almost $75 million.

References

{{Improve categories, date=January 2022 1976 establishments in Georgia (U.S. state) Multinational companies headquartered in the United States