2008-10-13 19:34:04 -
www.ebix.com - Ebix, Inc. (NASDAQ: EBIX) announced today that its CEO Robin Raina has been ranked 1st on the annual list of the Top Performing CEOs in Georgia by the Atlanta Business Chronicle newspaper. The list appeared in the October 10-16, 2008 issue of the newspaper, which is already on the stands.
The newspaper ranking
was based on the performance of the CEOs of Georgia's publicly-owned companies during the five-year period Dec. 31, 2002, to Dec. 31, 2007. As per the article, an investment of $100 in Ebix stock at the end of 2002 would have been worth $2,815, by the end of 2007.
Raina is credited today with leading one of the most successful turnarounds and explosive growth stories in the US in the last decade. In 1999, when he took over as CEO of Ebix, the company had annual revenues of $12 million and losses of $19 million that year. As of the second quarter of 2008, the company had reported quarterly revenues of $17.8 million with quarterly net income of $6.3 million.
This award by the Atlanta Business Chronicle follows a series of other recognitions awarded to Raina and the company this year. The Atlanta Journal-Constitution ranked Ebix 2nd amongst the Top 100 Public Companies in Georgia in May, 2008. Sony TV conferred Raina with the South Asian Personality of the Year Award in May 2008. FORTUNE Small Business Magazine ranked Ebix at the Top amongst Fastest Growing Public Companies in Georgia in June, 2008.
About Ebix
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial services industries.
Ebix strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. Ebix combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations.
With bases in Singapore, Australia, UK, the US, New Zealand, India and Canada, Ebix employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. Ebix's focus on quality has enabled it be awarded Level 5 status of the Carnegie Mellon Software Engineering Institute's Capability Maturity Model (CMM). Ebix has also earned ISO 9001:2000 certification for both its development and call center units in India. For more information, visit the Company's website at www.ebix.com.
Ebix, Inc.
Jesenia Jurado, 678 -281-2036
jjurado@ebix.com 
