Ebix Announces The Supreme Court docket of Delaware Affirms Movement
JOHNS CREEK, Ga., April 13, 2022 (Globe NEWSWIRE) — Ebix, Inc. (NASDAQ: EBIX), a major global provider of On-Demand from customers software program and E-commerce companies to the insurance coverage, fiscal, e-governance and health care industries currently declared that the Supreme Court docket of Delaware has upheld the ruling of the Delaware Chancery Court that had ruled in opposition to India-dependent journey agency platform Yatra.
The initial ruling, a movement to dismiss, was issued on August 30, 2021 by the Vice Chancellor Joseph R. Slights of the Delaware Chancery Court, on the match submitted by Yatra On the net, Inc. in June 2020. Yatra experienced appealed versus the 2021 ruling and urged the Supreme Courtroom of the point out of Delaware for a reversal of the ruling.
About Ebix, Inc.
With close to 200 workplaces across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to deliver on-demand software program and e-commerce products and services to the insurance plan, money solutions, vacation, healthcare and e-discovering industries. In the Insurance policy sector, Ebix’s main concentrate is to acquire and deploy a large wide variety of insurance and reinsurance exchanges on an on-need basis, while also, providing Computer software-as-a-Provider (“SaaS”) company answers in the spot of CRM, front-end & again-close methods, outsourced administration and chance compliance products and services, close to the environment.
With a “Phygital” approach that brings together above 650,000 bodily distribution shops in lots of Southeast Asian Nations (“ASEAN”) countries, to an Omni-channel on the internet digital platform, the Company’s EbixCash Economical exchange portfolio of application and solutions encompasses domestic and global dollars remittance, overseas exchange (Currency trading), travel, pre-paid out present playing cards, utility payments, lending and wealth management across 75+ countries which include India. EbixCash’s Forex trading functions is a chief in India’s airport Fx company, with functions in roughly 16 international airports, which include Delhi, Mumbai, Mumbai, Hyderabad, Chennai and Kolkata, blended conducting about $4.8 billion in gross transaction benefit per yr (pre-COVID-19). EbixCash’s inward remittance enterprise in India processed somewhere around $5 billion in gross once-a-year remittance quantity (pre-COVID-19) and is the crystal clear market leader. EbixCash, by means of its vacation portfolio of Through and Mercury, is also a single of Southeast Asia’s major journey exchanges with more than 517,000 brokers and somewhere around 17,900 registered corporate customers, mixed owning processed an approximated $2.5 billion in gross items benefit for every year (pre-COVID-19). EbixCash’s money systems small business offers computer software methods at the company degree for banking institutions, asset and prosperity administration providers and belief providers inside India, Southeast Asia, the Center East and Africa. The EbixCash’s e-mastering remedies are provided to educational facilities across the breadth of India via superior high quality 2-D and 3-D animation and multimedia finding out. EbixCash’s business method outsourcing solutions supply information know-how and connect with center providers to a selection of industries.
As a result of its a variety of SaaS-based mostly software platforms, Ebix employs 1000’s of domain-distinct technologies professionals to provide merchandise, assistance and consultancy to hundreds of clients on six continents. For far more information and facts, visit the Company’s web page at www.ebix.com
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