Insurance software provider Ebix (EBIX +7.4%) jumps after announcing it has signed a contract...

|About: Ebix Inc (EBIX)|By:, SA News Editor

Insurance software provider Ebix (EBIX +7.4%) jumps after announcing it has signed a contract with an unnamed "U.S. mutual insurance company" to provide its Ebix Advantage cloud software platform. The software will handle policy administration, billing, and other back-end tasks.