Was also named to have beaten the S&P 500 by 9.6%
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| ItzCash's parent firm Ebix Inc has been recognized fastest growing company globally by Fortune |
Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today announced that it ranks No. 76 on Fortune magazine’s 2017 100 Fastest-Growing Companies list of domestic and foreign publicly traded companies, based on their past three years’ growth in revenues, profits and stock returns.
Ebix was also ranked 11 on the Fortune list in terms of 3-year return, with a total 3-year annualized return of 57%. Ebix had the unique distinction of being the only insurance software Company on the list. Ebix also was the only Georgia based computer software company to make it to the prestigious list.
Fortune’s 100 Fastest-Growing Companies list ranks companies with market capitalization of $250 million or more based on revenue growth rate, earnings per share growth rate and three-year annualized total return for the period ended June 30, 2017. The data was provided by Zacks Investment Research while the data checking process was aided by information provided by S&P Global Market Intelligence and Lexis Securities Mosaic.
Joyous on this occasion "We are pleased to be part of one of the fastest growing groups globally, which further instills our confidence to accelerate growth and leadership in the India FinTech space", said Bhavik Vasa, Chief Growth Officer, ItzCash - an Ebix group company.
And further highlighted the Ebix's growth strategy for India:
- Ebix ItzCash Financial Exchange is creating a unique integrated Exchange that can process financial, insurance and healthcare transactions for India’s 1.3 billion population
- Committed US$ 100 mn growth & investment fund for India play and open to scaling this investment upwards sizeable for the right opportunities
- Multiple acquisitions, tie-ups and investments within the last 60 days to expand presence in Financial Exchange market in India
Ebix Chairman, President, and CEO Robin Raina. “This marks the 5th time in the last decade that Ebix has been included in Fortune’s ranking of the Top 100 Fastest Growing Companies, and we are humbled to be included on this prestigious list with so many of the best-in-class companies across many industry sectors, in the world.”
Fortune also ranked Ebix 81 on this list in terms of 3-year Annualized EPS growth, with annual EPS growth rate of 28%. With annualized 3-year top line growth rate of 16%, Ebix was also named to have beaten the S&P 500 by 9.6%
To learn more about Fortune magazine’s 2017 100 Fastest-Growing Companies list, click here on http://fortune.com/100-fastest-growing-companies
About Ebix, Inc.
A leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, Ebix, Inc. provides end-to-end On-Demand solutions ranging from infrastructure exchanges, front end & back end enterprise systems, outsourced administrative & custom software development solutions, and risk compliance solutions for various entities involved in these industries.
With 45+ offices across Australia, Brazil, Canada, India, New Zealand, Singapore, the US and the UK, 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 annually on its platforms. Through its various SaaS-based software platforms, Ebix employs hundreds of domain specific business 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
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