Minority Business Investment

6 Months Ended

Jun. 30, 2013

Investments, All Other Investments [Abstract]

Minority Business Investment

Minority Business Investment

During the three months ending June 30, 2012, Ebix acquired a strategic 19.8% interest in CurePet, Inc. ("CurePet") for cash consideration in the amount of $2.0 million. CurePet's insurance exchange connects pet owners, referring veterinarians, animal hospitals, academic institutes, and suppliers of medical and general pet supplies, while providing a wide variety of services related to pet insurance to each constituent including practice management, electronic medical records, and billing. CurePet is also a customer of Ebix; during the three and six month period ending June 30, 2013 the Company recognized $553 thousand and $1.2 million of revenue from CurePet, respectively, and as of June 30, 2013 there was an $1.4 million outstanding balance due from CurePet in the Company's reported trade accounts receivable. Ebix also has a revenue share arrangement with CurePet pertaining to certain customer revenues recognized by CurePet; for the three and six months ended June 30, 2013, there have been no revenue sharing earned or accrued.