Ebix Wins Three Prestigious Acord Awards

May 29, 2006; 01:15 AM

ATLANTA - Ebix, Inc. (NASDAQ: EBIX), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced that it has received three awards from the premier insurance standards-making body ACORD, recognizing Ebix's leadership in multiple areas.

Ebix received the following three awards at the invitation-only ACORD Awards Luncheon held at the Mandalay Bay Resort, Las Vegas, NV, on Monday, May 22:

-- AL3/XML Data Transformation Award

-- Business Integration Enabler Award - External

-- Web Services/SOA Award

Denise Garth, vice president of Membership and Development for ACORD, said, "We are honored to present Ebix with these awards in recognition of the company's leadership in standards adoption. Ebix is setting an example for the rest of the industry that we hope inspires others to join ACORD and begin their work with data standards."

About Ebix

A CMMI 5 company, 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 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 United Kingdom, Singapore, Australia, 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 its development unit in India to be awarded Level 5 status of the Carnegie Mellon Software Engineering Institute's Capability Maturity Model Integrated (CMMI). 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 Web site at www.ebix.com.