$EBIX (Ebix Inc.)

$EBIX {{ '2016-06-24T19:08:14+0000' | timeago}} • Announcement

$EBIX said it now has access to total funds of about $250MM to fund any of its working capital or any other growth and share repurchase initiatives. This includes the worldwide cash balances in the bank of about $70MM in addition to available credit line of about $180MM.

$EBIX {{ '2017-10-12T20:06:29+0000' | timeago}} • Announcement

$EBIX said its acquisition of the MTSS Business of Paul Merchants Limited is subject to shareholders and other regulatory/commercial approvals. The completion of the acquisition is expected by November 15, 2017. $EBIX intends to consolidate all these acquisitions into its Financial Exchange operations.

$EBIX {{ '2017-10-12T20:06:08+0000' | timeago}} • Announcement

$EBIX completed the acquisition of the Money Transfer Service Scheme (MTSS) Business of YouFirst Money Express Private Limited, and the acquisition of the MTSS assets of Wall Street Finance Limited. Each of these acquisitions is expected to be accretive to $EBIX’s earnings. The company funded all the transactions using its internal cash reserves.

$EBIX {{ '2017-09-21T18:58:48+0000' | timeago}} • Announcement

$EBIX, a provider of software and e-commerce services, has agreed to acquire the Money Transfer Service Scheme business of Paul Merchants for $40.7MM. The deal is expected to be accretive to Ebix earnings immediately. As per the agreement, Paul Merchants will also acquire 10% stake in Ebix’s combined international remittance business in India.

$EBIX {{ '2017-08-21T18:08:18+0000' | timeago}} • Announcement

$EBIX has declared a quarterly dividend of 7.5 cents per share on its common stock. The dividend is payable on September 15, 2017, to shareholders of record on August 31, 2017.

$EBIX {{ '2017-08-21T12:53:49+0000' | timeago}} • Announcement

E-commerce services provider $EBIX has entered into an agreement to acquire the Money Transfer Service Scheme business of YouFirst Money Express. The acquisition will strengthen Ebix’s position in the financial exchange market in India. The transaction is expected to be accretive to the company’s earnings immediately.

$EBIX {{ '2017-08-17T16:23:21+0000' | timeago}} • Announcement

$EBIX agreed to buy Money Transfer Service Scheme (MTSS) Business of Wall Street Finance Ltd. along with the acquisition of its subsidiary company Goldman Securities Ltd., for $7.4MM. The acquisition, once approved, is expected to be accretive to $EBIX's earnings immediately. The company funded the transaction using its internal cash reserves.

$EBIX {{ '2017-05-24T13:12:57+0000' | timeago}} • Announcement

$EBIX entered into a JV with India-based Essel Group, while acquiring an 80% stake in payment solutions exchange ItzCash. The $120MM acquisition, expected to be accretive to Ebix earnings within the next 6 to 9 months, includes upfront cash of $76MM and a contingent earn-out of up to $44MM payable over a period of 3 years from closing.

$EBIX {{ '2017-05-12T13:49:03+0000' | timeago}} • Announcement

$EBIX's BoD declared a regular quarterly dividend of 7.5 cents per common share. The dividend is payable on June 15, 2017 to shareholders of record at the close of business on May 31, 2017.

$EBIX {{ '2017-05-09T14:31:28+0000' | timeago}} • Announcement

Exchanges revenue rose 5% to $52.6MM in 1Q17 for $EBIX, while Risk Compliance Solutions revenue soared 30% to $21.9MM. Broker Solutions revenue jumped 18% to $3.8MM, but Carrier Systems revenue fell 17% to 0.8MM. Ebix ended the qtr with operating activities cash flow of $15.7MM and $123.5MM in cash, cash equivalents, and short-term investments.

$EBIX {{ '2017-05-09T14:29:35+0000' | timeago}} • Announcement

In 1Q17, total revenue of $EBIX jumped 11% to $79.1MM, reflecting growth in its Exchange, Risk Compliance, and Broker Solution channels. The e-commerce service provider's net attributable income soared 19% to $26.4MM or $0.83 per diluted share, from last year's $22.2MM or $0.67 per share.

$EBIX {{ '2017-02-28T14:07:43+0000' | timeago}} • Announcement

Software and e-commerce services supplier $EBIX reported 12% increase in its 4Q16 earnings to $24.6MM, compared to $21.9MM during 4Q15. Diluted EPS rose 17% YoY to $0.76 from $0.65 in 4Q15. Revenues rose 14% YoY $80MM.

$EBIX {{ '2017-02-06T15:01:42+0000' | timeago}} • Announcement

$EBIX's BoD approved a new $150MM share repurchase plan. This plan is in addition to two previously authorized share repurchase plans adding up to $200MM, which are nearing full utilization now. As a result of continued share repurchases over the last few years, the company's diluted share count is now about 31.9MM shares.

$EBIX {{ '2017-02-03T19:57:30+0000' | timeago}} • Announcement

$EBIX BoD declared a regular quarterly dividend of 7.5 cents per common share. The dividend is payable March 15th, 2017 to shareholders of record on February 28th, 2017.

$EBIX {{ '2016-12-27T11:47:36+0000' | timeago}} • Announcement

$EBIX acquired Rio De Janeiro Based WDEV. The company also said it has retained the entire senior management team led by Guillermo Reid, founder and CEO of WDEV, who will continue to lead the WDEV Division of $EBIX as VP and Division Head. No financial advisors were involved in the transaction from $EBIX side.

$EBIX {{ '2016-12-27T11:46:01+0000' | timeago}} • Announcement

$EBIX's Latin American subsidiary acquired all of the outstanding capital stock of WDEV. $EBIX funded the purchase using its internal cash reserves, with no $EBIX shares being issued. $EBIX expects transaction to be immediately accretive for its shareholders.

$EBIX {{ '2016-12-27T11:43:02+0000' | timeago}} • Announcement

$EBIX acquired Rio De Janeiro based WDev Solucoes em Tecnologia S/A. This is made with the goal of becoming the largest one-stop insurance software services provider in Brazil, while offering a wider repertoire of insurance related software services to prospective clients in Latin American markets.

$EBIX {{ '2016-11-11T19:55:29+0000' | timeago}} • Announcement

$EBIX's BoD declared a regular quarterly dividend of 7.5 cents per common share. The dividend is payable on Dec. 15, 2016 to shareholders of record on Nov. 30, 2016.

$EBIX {{ '2016-11-09T16:44:48+0000' | timeago}} • Webcast

$EBIX stated that its 3Q16 revenue was the highest reported for any quarter through its history. The company closed 3Q16 with cash, cash equivalents and short term deposit investments of $111.8MM, up $76.6MM YoverY, while cash and short term investments came in at $107MM.

$EBIX {{ '2016-11-09T16:31:49+0000' | timeago}} • Webcast

$EBIX stated its health content revenues were down 11% YoverY in 3Q16, impacted by the increased price competition in the sector and the company's decision to scale down its life sciences division for increased margins. For the company, operating margins were consistent for the quarter at 33%, while operating income rose 11% to $24.3MM.

$EBIX {{ '2016-11-09T14:27:32+0000' | timeago}} • Announcement

CEO Robin Raina said $EBIX is well positioned to fund all its growth plans, in addition to continuing its investor friendly initiatives like share repurchases and dividend payments. This is backed by worldwide cash and cash equivalents of about $111MM, growing operating cash flows and solid backing of banking syndicate led by Regions Bank.

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