ATLANTA, July 17, 2013 (GLOBE NEWSWIRE) -- Ebix, Inc. (Nasdaq: EBIX ), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced that its subsidiary Ebix Latin America has executed a contract with Telefônica/Vivo mobile telecommunications company, to provide health content to its large client base in Brazil, using Ebix's A.D.A.M. Health Content Exchange.
Telefônica/Vivo is the largest telecommunications company in Brazil, with more than 90 million active client users, 76 million of those in the mobile operation alone, which holds the largest market share in the segment (29.56%) within the Brazilian market context. In 2011, with the acquisition of Vivo, Telefônica established itself as the largest integrated operator in Brazil, both by number of clients as well as by size of revenues. The company belongs to the Spanish group Telefónica, one of the largest landline and mobile Telecom operators in Europe, besides being the largest in Spain and Latin America.
This opportunity came about because Telefônica/Vivo worldwide has started a new business called "eHealth Self Care" to provide health assistance and complementary services to their millions of clients. This division is being structured worldwide since 2011.
Based on conservative estimates, the deployment is expected to be initiated with a projection of up to 1.2 million unique users on a monthly basis. However, this figure is expected to grow sizably as additional millions of unique visitors get access to the eHealth Portal in Brazil, in addition to the strong potential for subsequent adoption of the Ebix Portal solution by other Latin American and European countries where Telefónica is present.
Camila Crispiniano, Leader of eHealth Self Care for Telefônica/Vivo in Brazil said, "Our partnership with Ebix just came as a perfect fit and a natural addition to the differentiated health related products and services which are part of the offerings by Telefônica/Vivo eHealth to our clients in Brazil. I am confident about the value which will be added by A.D.A.M. Health & Wellness portfolio of products to our vast client base."
Camila added, "I am excited that Telefônica will be a pioneer in proving the success of this solution to millions of mobile users in Brazil, while at the same time establishing a global model for replication and adoption by other markets where Telefônica is present".
Mario Nogueira, SVP and Division Head for Ebix Latin America, said: "We are very proud about this important relationship with a strong consumer brand such as Telefônica/Vivo. This will certainly represent a key reference for Ebix Insurance and Health products in Latin America, while strengthening our presence in the region. We continue to be excited about cross-selling the vast portfolio of Ebix products in the Latin American markets".
The Content Exchange solution for Telefônica/Vivo is expected to go live in Brazil in Q4 of 2013.
About Ebix, Inc.
A leading international supplier of On-Demand software and E-commerce services to the insurance industry, Ebix, Inc., (Nasdaq: EBIX ) provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry.
With 30+ offices across Brazil, Singapore, Australia, the US, UK, New Zealand, India and Canada, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance. Through its various SaaS-based software platforms, Ebix employs hundreds of insurance and technology professionals to provide products, support and consultancy to thousands of customers on six continents. Ebix's focus on quality has enabled it to be awarded Level 5 status of the Carnegie Mellon Software Engineering Institute's Capability Maturity Model (CMM). With a recent ISO 27001-security certification, the Company also has an ISO 9001:2000 certification for both its development and BPO units in India. For more information, visit the Company's website at www.ebix.com
Investors Steven Barlow Investor Relations 678-281-2043 Aaron Tikkoo Investor Relations 678-281-2027 Media Andy Brimmer / Tim Lynch / Andrew Siegel Joele Frank, Wilkinson Brimmer Katcher 212-355-4449
