If you're new to Cheap Hosting Directory, you may want to subscribe to our RSS feed. Thanks for visiting!

Atlanta, Georgia - (Cheap Web Hosting Directory) - July 8, 2008 - Hosting provider of software services and IT solutions for the insurance industry, Ebix, Inc., has reaffirmed its $5 million repurchase plan.

The company spokesman also confirmed that it is not aware of any news or events that could be reasons for the recent drop in stock price. The company announced the repurchase plan in response to a number of investor queries regarding the reasons for the recent price drop.

The company also announced that it is considering expanding its share repurchase plan to $10 million. This action would allow any block holders desiring to sell their shares to directly sell their shares back to the company.

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 the United States, Australia, New Zealand, Singapore, UK and India, Ebix provides products, support and consultancy to over 3,000 customers on six continents. Ebix was 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.

To learn more, please visit: www.ebix.com.

Related posts brought to you by Yet Another Related Posts Plugin.