ATLANTA– Ebix, Inc. (NASDAQ:EBIX), a leading international developer and supplier of software and e-commerce solutions to the insurance industry has acquired Telstra eBusiness Services of Sydney Australia for about $43.4 million.

Telstra eBusiness Services sells integrated e-business productivity software to the general insurance industry in Australia. The company connects the back offices of insurance underwriters and intermediaries in real time. Ebix operates in the same field.

Robin Raina, Chairman, President and CEO of Ebix, Inc., said, “The acquisition of Telstra eBusiness is another step forward towards establishing Ebix as a leading powerhouse of insurance transactions in the world.

Ebix sells 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.

On the Web: www.ebix.com

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