ATLANTA, June 13, 2012 (GLOBE NEWSWIRE) -- Ebix, Inc. (Nasdaq:EBIX), a
leading international supplier of On-Demand software and E-commerce
services to the insurance industry, today announced that the
acquisition of Sydney based Fintechnix has been completed successfully.

At the closing, Ebix paid a total amount of AUD 5.25 million in cash
for the acquisition. The acquisition is expected to be immediately
accretive to Ebix Earnings per Share (EPS). No financial advisors were
involved in the transaction from the Ebix side.

About Fintechnix

Founded in 1992, Sydney based Fintechnix is an Australian information
technology company that has been delivering enterprise-wide innovation
to the front and back office operations of financial services companies
in Australia. The Company's integrated service offerings are available
through specialist modules for life insurance, superannuation, wealth
management and investments. For more information, visit the Company's
website at http://www.fintechnix.com.au/

About EbixExchange

A division of Ebix, Inc., EbixExchange is the premier On-Demand
Software Exchange that offers products and services that automate,
expedite, and improve the process for the life insurance, annuity,
property & casualty, and health insurance industries. Seen as a leading
developer of electronic Straight Through Processing, EbixExchange
currently supports a broad range of insurance agencies, brokerage and
clearing firms, and operations centers at over 100 of the leading
insurance carriers and their affiliates. EbixExchange products include
WinFlex (multi-carrier compliant illustrations), VitalSales Suite
(research/quotes/forms), AnnuityNet (annuity order-entry), LifeSpeed
(advanced application processing), EbixHealth (employee benefits and
claims) and various P&C exchanges across the world. For more
information, please visit http://www.ebixexchange.com

About Ebix, Inc.

A leading international supplier of On-Demand software and E-commerce
services to the insurance industry, Ebix, Inc., (Nasdaq:EBIX) provides
end-to-end solutions ranging from infrastructure exchanges, carrier
systems, agency systems and BPO services to custom software development
for all entities involved in the insurance industry.

With 30+ offices across Brazil, Singapore, Australia, the US, New
Zealand, India and Canada, Ebix powers multiple exchanges across the
world in the field of life, annuity, health and property & casualty
insurance while conducting in excess of $100 billion in insurance
premiums on its platforms. Through its various SaaS-based software
platforms, Ebix employs hundreds of insurance and technology
professionals to provide products, support and consultancy to thousands
of customers on six continents. Ebix's focus on quality has enabled it
to be awarded Level 5 status of the Carnegie Mellon Software
Engineering Institute's Capability Maturity Model (CMM). With a recent
ISO 27001-security certification, the Company also has a ISO 9001:2000
certification for both its development and BPO units in India. For more
information, visit the Company's website at www.ebix.com

The Ebix, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12133


CONTACT: Neil van Helden, Marketing
         +1.678.242.2824 or Neil.vanhelden@ebix.com
         Or
         Steven Barlow, IR
         678-281-2043 or steve.barlow@ebix.com
         Or
         Aaron Tikkoo, IR
         678-281-2027 or atikkoo@ebix.com