Ebix
| Company type | Public |
|---|---|
| Industry | Technology, Cloud computing, E-commerce, Insurance, Finance, Healthcare, E-learning |
| Predecessor | Delphi Information Systems, Inc., ebix.com, Inc. |
| Founded | 1976 in Atlanta, Georgia, United States |
| Founder | Ken Bitticks |
| Headquarters | Johns Creek , United States |
Area served | Worldwide (including Australia, Brazil, Canada, India, New Zealand, Singapore, United Kingdom) |
Key people | Vikas Garg (Chairman), Karan Bagga (CEO and President) |
| Products | Ebix Smartclass Educational Services, EbixCash |
Number of employees | 9800 |
| Parent | Eraaya Lifespaces (since 2024) |
Ebix, Inc., initially established as Delphi Information Systems, Inc. and later known as ebix.com, Inc., is a global American technology corporation with expertise in cloud computing (SaaS), e-commerce, insurance, finance, healthcare, and e-learning sectors. The company was founded in 1976 by co-founder Ken Bitticks in Atlanta, Georgia. Ebix is publicly listed (previously on NASDAQ under the ticker EBIX) and maintains its corporate headquarters in Johns Creek, Georgia.
Operating on an international scale, Ebix maintains offices across Australia, Brazil, Canada, India, New Zealand, Singapore, and the United Kingdom. Its portfolio includes subsidiaries such as Ebix Smartclass Educational Services and EbixCash. The organization's leadership team is headed by Chairman Vikas Garg alongside CEO and President Karan Bagga. Employing around 9,800 personnel, Ebix concentrates on providing technology solutions that facilitate digital transformation within its core markets.
History
Ebix originated as Delphi Information Systems, Inc., founded by Ken Bitticks in 1976 in Atlanta, Georgia, and was formally reincorporated in Delaware in 1983.
In October 1997, Robin Raina joined the company as vice president of professional services. He advanced to president and CEO by 1999, became a director in 2000, and assumed the chairman role in 2002. During his tenure, the firm introduced its inaugural e-commerce platform, ebix.com, in May 1999. The company underwent a rebranding in 2003 from ebix.com, Inc. to Ebix, Inc.
In 2013, Bloomberg disclosed a federal investigation into Raina related to his proposed $820 million privatization deal with Goldman Sachs. By early 2015, Ebix shifted its main office to Johns Creek, Georgia.
Beginning in 2017, Ebix pursued growth through acquisitions. It acquired an 80% share of Indian digital payments company ItzCash from Essel Group for $124 million and rebranded it as EbixCash. In August of the same year, the company purchased Goldman Securities Ltd—a subsidiary of BSE-listed Wall Street Finance Ltd—and its money transfer operations for $7.4 million. September saw the acquisition of Paul Merchants Ltd’s international remittance business for $40.7 million. Later in November 2017, Ebix strengthened its footprint in digital payments and travel by acquiring Indian travel enterprise Via.com for close to $75 million.
On December 17, 2023, following a default on a $617 million loan obligation, Ebix filed for Chapter 11 bankruptcy. Subsequently in 2024, the company was acquired by Eraaya Lifespaces of India and emerged free of debt after the transaction.