David Collins_

Is the Party Over for Indian Outsourcers?

The party IS NOT OVER for this Indian software developer focused on the insurance industry.

EBIX, Inc. (NASDAQ: EBIX) reported record results of $0.75 per share for Q2 2007. Subsequent to that report they discussed a major new contract in their conference call and then disclosed it in an 8-K:


In a conference call with investors on August 7, 2007, Robin Raina, Chief Executive Officer of Ebix, Inc., (the “Company”) disclosed that the Company’s subsidiary, Infinity Consulting Systems, Inc., had recently executed licensing and professional services arrangements with Princeton Insurance Company and WRM America. These agreements, taken together, could provide revenue between $6.6 million and $10.3 million for the Company over the next two years.