EY Forges Strategic Alliance With Ebix to Strengthen Delivery of Digital Solutions in India & Bangladesh
September 29 2015 - 9:29AM
EY, a global leader in assurance, tax, transaction and advisory
services and Ebix, Inc. (NASDAQ:EBIX), a supplier of software and
e-commerce services to the insurance, financial and healthcare
industries, today announced a strategic alliance to deliver
innovative technology-enabled solutions to prospective customers in
the area of e-governance, health and insurance in India and
Bangladesh. The relationship draws from the common belief in the
power of digital solutions in bringing about a transformative
change in businesses that will result in better returns to both the
customer and the enterprise.
EY advises and provides solutions to clients on digital
transformation, including strategy, analytics, risk and
cyber-security, customer experience etc. The strategic
collaborative effort will focus on assisting customers including
government bodies / ministries as well as public and private sector
enterprises.
The alliance would leverage on the partners' respective
strengths, including EY's experience and reputation as a leader in
providing advisory services, its thought leadership and ability to
lead large-scale transformation programs, while Ebix has subject
matter expertise in the area of software and e-commerce solutions
to customers for removing barriers to digital adoption, improving
customer experience, and maximizing their return on investment in
digital technologies.
The joint-go-to-market initiative shall include working together
with a goal to be the thought leaders in the area of e-governance,
health and insurance.
Among other areas, the strategic relationship will focus on:
- e-governance projects of government bodies / ministries
(including central, state and local bodies);
- Niche A.D.A.M. suite of healthcare products in the area of
consumer health, health education, continuing medical education,
pharmacy & life sciences and coming out with specific solutions
aiming at improving health ecosystem in India and Bangladesh;
- Mobile devices and technology in coming out with innovative
healthcare provisioning (e-health, m-health, etc.);
- End-to-end Life and General insurance solutions for various
public and private sector insurance companies;
- Developing innovative thinking in the area of primary
healthcare delivery model;
- Establishing co-innovation capabilities on a host of advanced
applications in the area of health and insurance; and driving
customers' business advantage from the "internet of things";
- Delivering cutting edge technology solutions to clients in the
insurance and allied areas using Ebix technologies and EY's
business advisory and technology consulting skills.
Says Rajiv Memani, Chairman, EY India, "Digital is transforming
the way business is done, providing multiple opportunities for
organizations to take advantage of disruptive changes. We have been
advising clients in the identification, development and adoption of
better digital solutions to integrate in their business models.
Ebix's focus on progressive technologies and its capabilities in
delivering digital solutions, we believe, will enable us to help
clients better as on their digital agenda."
Ebix President & CEO, Robin Raina said, "We are excited to
be teaming together with EY on this strategic initiative. We
recognize the advisory experience, thought leadership, market reach
and large project management experience that EY brings to the
table. We believe that this collaborative go-market effort is
uniquely positioned to target large Private sector & Government
projects and provide end-to-end solutions to them."
Notes to Editors
About EY
EY is a global leader in assurance, tax, transaction and
advisory services. The insights and quality services we deliver
help build trust and confidence in the capital markets and in
economies the world over. We develop outstanding leaders who team
to deliver on our promises to all of our stakeholders. In so doing,
we play a critical role in building a better working world for our
people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or
more, of the member firms of Ernst & Young Global Limited, each
of which is a separate legal entity. Ernst & Young Global
Limited, a UK company limited by guarantee, does not provide
services to clients. For more information about our organization,
please visit ey.com.
This news release has been issued by EY Services Limited, a
member of the global EY organization that also does not provide any
services to clients.
About Ebix, Inc.
A leading international supplier of On-Demand software and
E-commerce services to the insurance, financial and healthcare
industries, Ebix, Inc., (NASDAQ:EBIX) provides end-to-end solutions
ranging from infrastructure exchanges, carrier systems, agency
systems and risk compliance solutions to custom software
development for all entities involved in the insurance
industry.
With 40+ 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 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 to provide products, support and
consultancy to thousands of customers on six continents. For
more information, visit the Company's website at www.ebix.com.
CONTACT: Priti Bhutani
+91 9810995350
priti.bhutani@in.ey.com
Aaron Tikkoo
678-281-2027
atikkoo@ebix.com
Ebix (NASDAQ:EBIX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ebix (NASDAQ:EBIX)
Historical Stock Chart
From Apr 2023 to Apr 2024