ATLANTA, Aug. 20, 2014 (GLOBE NEWSWIRE) -- Ebix, Inc. (Nasdaq:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, today announced that it has purchased property in Johns Creek Technology Park which will serve as the company's new headquarters and corporate campus. Ebix purchased 11.6 acres of land and 100,000 sq. ft. of office space for $12.5 million. As announced earlier, the Company paid for the purchase using its own cash reserves in June 2014.
The Company hopes to achieve cost and operational efficiencies while moving a few of its 25 offices into this one location while integrating multiple Atlanta offices into this prospective world-class campus. The Company intends to do so, while creating a world-class work environment and facility that can serve as a showcase for presenting all its products and services under one roof.
Johns Creek Technology Park, located in Fulton Co. and central to the city's business environment, is a master-planned, mixed use 1,900-acre community and home to leading technology-focused businesses and several Fortune 500 companies.
Darren Joseph, Ebix Corporate Vice President said, "We know this strategic move to Johns Creek will be a catalyst in the growth of our company and we couldn't be more excited to begin working out of our new headquarters in early 2015. Not only is this a good business decision for our clients, but we believe our employees will enjoy the new corporate campus and community as well."
"We are committed to recruiting the very best of businesses to Johns Creek," said Mike Bodker, Mayor of Johns Creek. "With Ebix, we have done just that and I welcome Ebix and their employees to our community. With Johns Creek boasting the highest quality of life in metro Atlanta, I know they will soon become our neighbors as well."
This move will allow Ebix to be closer to its prospective client base, consisting of healthcare, insurance and technology companies that also reside in Johns Creek. In addition, the new location serves as a welcoming community for Ebix employees and their families as it is known for high-performing public schools and a professional population.
The building is a Class A office building and is Gold LEED Certified.
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 risk compliance solutions to custom software development for all entities involved in the insurance industry.
With 35+ 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 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