8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 7, 2009

EBIX, INC.
(Exact name of registrant as specified in its charter)

Delaware	0-15946	77-0021975
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5 Concourse Parkway, Suite 3200, Atlanta, Georgia	30328
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (678) 281-2020

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure

On Monday, December 7, 2009, the Ebix, Inc.’s (“Ebix” or the “Company”) management conducted a presentation at an investors’ conference held in New York City.

At the conference the Company announced the following items:

• the signing of a commitment letter and term sheet to expand its credit facility with Bank of America, Inc., which includes the following provisions: a two year revolving credit facility for $25 million; an additional term loan facility in the amount of $10 million payable in eight installments over the next two years; and an accordion facility to increase the line of credit facility by another $10 million by February 4, 2009;

• that as of November 30, 2009, it held a cash balance of approximately $15 million which and that the unused portion of the credit facility when including the accordion provision was approximately $21.2 million; and

• that the Company’s management was targeting an annualized revenue run rate by the fourth quarter of 2011 of $200 million with operating margins of 42%.

A copy of the Company’s press release about the conference is attached hereto as Exhibit 99.1.

The information in this Form 8-K is being furnished under Item 7.01 and shall not be deemed to be filed for the purposes of Section 18 of the Securities and Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Statements regarding the Company’s operational and financial success, business model, expectations about future success, competitive environment, are forward-looking statements and are not historical facts. Instead, they are estimates or projections involving numerous risks or uncertainties. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company’s SEC filings, including but not limited to the Company’s annual report on Form 10-K for the year ended December 31, 2008, or as supplemented in the Company’s subsequently filed periodic reports. The Company disclaims any obligation or duty to update or correct any of its forward-looking statements.

Item 9.01. Financial Statements and Exhibits.

99.1 Press release dated December 7, 2009.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EBIX, INC.

By: /s/ Robert Kerris                                                   
Robert Kerris
Chief Financial Officer
and Corporate Secretary

December 7, 2009

EX-99.1

Exhibit 99.1

PRESS RELEASE

IMMEDIATE RELEASE

EBIX ANNOUNCES SUMMARY MANAGEMENT FINANCIAL TARGETS TILL Q4 OF 2011, IN ADDITION TO EXPANDING ITS CREDIT LINE TO $45 MILLION WITH BANK OF AMERICA

ATLANTA, GA – December 7, 2009 — Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced that it has signed a term sheet for a new expanded credit line with Bank of America, for a two year period.

The credit facility will include three key components –

• A two year revolving credit facility for $25 million

• An additional $10 million term loan facility payable in eight installments over the next two years

• An accordion facility to increase the credit line by another $10 million within the next 60 days

The Company announced that the revolving credit facility and the term loan adding up to $35 million would carry an interest rate of Libor plus 175 basis points. With Libor presently at 0.24, this at present would translate to an interest rate of 1.99%.

The Company also announced that as of 30^th November 2009, the company’s cash balances in the bank were approximately $15 million. In addition, the unused portion of the expanded credit facility with the accordion feature, calculated as of 30^th November 2009 was $21.2 million.

Robert Kerris, CFO of Ebix said, “The expansion of this credit line is a further testament to the strength of our balance sheet and operating results. Our present cash balances coupled with the unused portion of the credit facility, provide us access to $35.8 million of cash to fund any future acquisitions. In addition, the Company continues to generate strong cash flows every month that will result in even more cash funds to fuel the future growth of our business.”

Robin Raina, President and CEO of Ebix added, “We consider Bank of America-Merrill Lynch as a true partner to Ebix since our relationship with them is not limited to them being our banker only. Merrill Lynch has been one of our esteemed Exchange clients for many years now and this year we have been successful in bringing Bank of America to join our Exchange platform too. We believe that the signing of this expanded credit facility further strengthens our relationship with Bank of America-Merrill Lynch.”

The company also declared today the summary goals that it has laid out for its senior management, till Q4 of 2011. These goals were laid out in the senior management meeting on December 6, at Newark.

“As a management team, we have always liked to create short term goals for ourselves and then disclose them to our shareholders, if anything to give them another analytic to measure us by. In 2007, we had announced a short-term goal of trying to get to annualized run rate of $100 million in revenues by Q4 of 2009, with 30 percent or more operating margins. Clearly we will do a lot better than that annualized run rate goal in Q4 of 2009.” Robin said, “We believe that the investor conference in New York today is an opportunity to define a similar new future goal for Ebix.”

Robin added, “We are going to target annualized revenue run rate of $200 million by Q4 of 2011 with 42 percent or more operating margins. I will emphasize that this goal is an aspiration that may or may not be finally achieved by the company. Accordingly, it should not be construed as guidance on the company’s future results, by the management.”

About Ebix
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 Singapore, Australia, the US, New Zealand, India, China, Japan and Canada, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance, while conducting in excess of $100 billion in insurance premiums on its platforms. Through its various SaaS based software platforms, Ebix employs hundreds of insurance and technology professionals that 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). Ebix has also earned 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

Safe Harbor for Forward Looking Statements under the Private Securities Litigation Reform Act of 1995 — This press release contains various forward looking statements and information that are based on management’s beliefs, as well as assumptions made by, and information currently available to management, including statements regarding future economic performance and financial condition, liquidity and capital resources, acceptance of the Company’s products by the market and management’s plans and objectives. The Company has tried to identify such forward looking statements by use of words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “will,” “should,” and similar expressions, but these words are not the exclusive means of identifying such statements. Such statements are subject to various risks, uncertainties and other factors which could cause actual results to vary materially from those expressed in, or implied by, the forward looking statements. Such risks, uncertainties and other factors include the extent to which the Company’s new products and services can be successfully developed and marketed, the integration and other risks associated with recent and future acquisitions, the willingness of independent insurance agencies to outsource their computer and other processing needs to third parties, the Company’s ability to continue to develop new products to effectively address market needs in an industry characterized by rapid technological change, the Company’s dependence on the insurance industry (and in particular independent agents), the highly competitive and rapidly changing automation systems market, the Company’s ability to effectively protect its applications software and other proprietary information, the Company’s ability to attract and retain quality management, and software, technical sales and other personnel, the potential negative impact on the Company’s outsourcing business in India from adverse publicity and possible governmental regulation, the risks of disruption of the Company’s Internet connections or internal service problems, the possibly adverse effects of a substantial increase in volume of traffic on the Company’s website, mainframe and other servers, possible security breaches on the Company’s website and the possible effects of insurance regulation on the Company’s business. Certain of these, as well as other, risks, uncertainties and other factors, are described in more detail in Ebix’s periodic filings with the Securities and Exchange Commission, including the company’s annual report on form 10-K for the year ended December 31, 2008, included under “Item 1. Business—Risk Factors.” Except as expressly required by the federal securities laws, the Company undertakes no obligation to update any such factors or to publicly update any of the forward looking statements contained herein to reflect future events or developments or changed circumstances or for any other reason.

CONTACT:

Aaron Tikkoo

678-281-2027 or atikkoo@ebix.com