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Ebix’s Travel Exchange, Via.com Launches the Biggest Online Travel Sale: BOTS 2017

Business Wire IndiaEbixCash, India’s leading Financial Exchange and an initiative of Ebix, Inc. (NASDAQ: EBIX), today announced the launch of ‘The Biggest Online Travel Sale’ through its Travel Exchange Via.com. The 8-day sale will feature cashback on domestic and international airlines, special offers on top hotel chains and amazing deals on holiday packages.
 
The Biggest Online Travel Sale – BOT 2017 – will go live from 10th December 2017 across Via.com desktop site, mobile site, Android and iOS app, and will last till 17th December 2017. BOTS 2017 will be actively promoted through television ads on a number of creative mediums including Star Sports Television channel during the India – Sri Lanka one day and T20 cricket matches beginning this Sunday. It will be promoted on social media with the hashtag #VIABOTS.
 
With the aim of building an airport like enterprise exchange for India, while consolidating the entire gamut of financial services, Travel is a key element of the EbixCash Financial Exchange, with an estimated 600 million Indians taking some kind of travel voyage last year.
 
Bhavik Vasa, Chief Growth Officer, EbixCash said, “This is the third edition of the Biggest Online Travel Sale and we expect this to be the largest travel sale ever in terms of scale and bookings. The Christmas holiday period is traditionally a period of vacationing and travel for people across the country, and thus our holiday sale is targeted to maximize savings on travel and accommodations for our customers.”
 
Customers can avail blockbuster deals in this sale period, which include:

  • Up to 50% cashback on flight tickets,
  • Best deals on more than 400,000 hotels across the world, or up to 80% off on hotels,
  • Up to Rs. 30,000 off on holiday packages to exotic locales like Europe, South Africa & Australia
  • Benefits for advance booking traveller who is looking to secure great deals for the 2018 summer vacations

Via.com had previously run a holiday sales offer in 2015 and 2016, both of which were hugely successful with the company registering 10x increase in traffic and 8x surge in transactions. This year, Via.com expects a 20x to 30x surge in traffic during the sale period.
 
Via is recognized as a leader in the travel space in India, besides being the only profitable Travel exchange out of all its peers, while having grown at a CAGR of 45% over the last 3 years. One of South East Asia’s leading travel exchanges with over 110,000 distribution outlets and 8000 corporate clients, Via processes over 24.5 million transactions every year. Via’s multi-channel exchange also engages directly with consumers through its B2C website and mobile application platforms.
 
Via is an integral part of the Ebix group’s integrated EbixCash platform, that offers mobile Phone Recharges, Money Transfer, Insurance, Prepaid Gift Cards & Retail Products, besides Domestic & International Air, Hotel & Holidays, Rail, Bus and Rental Car bookings amongst other services.
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
 
About Via.com
 
An EbixCash initiative, Via.com has a robust distribution network which encompasses over 85,000 agents in India, 14,700 agents in Indonesia, 9,900 agents in Philippines, 600 agents in Singapore, 350 agents in UAE and Oman, and has also emerged as the largest travel solutions provider in Philippines.
 
Incorporated in February 2007 in Bangalore, India, the Company is one of the fastest growing & profitable travel companies in Asia’s online space driven by technology. The Company is a leading distributor of transportation ticketing, accommodation reservation, packaged tours, corporate travel management, travel ancillaries, retail and financial services. The company offers its services through a robust, highly scalable cloud based technology platform consisting of mobile apps, websites, corporate platform, and a centralized, toll-free, 24-hour customer service center.
 
VIA’s Corporate Travel Management Business unit helps corporate clients effectively manage their travel needs and significantly reduce travel expenses. VIA expanded its footprints to Philippines, Indonesia, Singapore and UAE. Today, Via’s network includes over 110,000 active travel partners across 2,700 towns and cities & over 13,000 pin codes across Asia and over 7000+ signed SMEs. For more information, visit the Company’s website at http://www.via.com
 
About EbixCash
 
An Ebix Group initiative, EbixCash is emerging as one of the leading Financial Exchanges in India. With a ‘Phygital” strategy that combines 224,000 physical distribution outlets to a Omni-channel online digital platform, EbixCash has established an enterprise financial exchange portfolio that encompasses leadership in money remittance (domestic & international), travel, pre-paid & gift cards, utility payments etc. Ebix’s recent joint venture initiative with Bombay Stock Exchange positions it strongly in India’s insurance sector. EbixCash’s portfolio of products can be accessed digitally anywhere as also across its distribution outlets spread over 5,500+ cities and towns. For further details, visit www.ebixcash.com
 
SAFE HARBOR REGARDING FORWARD-LOOKING STATEMENTS

As used herein, the terms “Ebix,” “the Company,” “we,” “our” and “us” refer to Ebix, Inc., a Delaware corporation, and its consolidated subsidiaries as a combined entity, except where it is clear that the terms mean only Ebix, Inc.
 
The information contained in this Press Release contains forward-looking statements and information within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. This information includes 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. In addition, certain statements included in this and our future filings with the Securities and Exchange Commission (“SEC”), in press releases, and in oral and written statements made by us or with our approval, which are not statements of historical fact, are forward-looking statements. Words such as “may,” “could,” “should,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “seeks,” “plan,” “project,” “continue,” “predict,” “will,” “should,” and other words or expressions of similar meaning are intended by the Company to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are found at various places throughout this report and in the documents incorporated herein by reference. These statements are based on our current expectations about future events or results and information that is currently available to us, involve assumptions, risks, and uncertainties, and speak only as of the date on which such statements are made.
 
Our actual results may differ materially from those expressed or implied in these forward-looking statements. Factors that may cause such a difference, include, but are not limited to those discussed in our Annual Report on Form 10-K and subsequent reports filed with the SEC, as well as: the risk of an unfavorable outcome of the pending governmental investigations or shareholder class action lawsuits, reputational harm caused by such investigations and lawsuits, the willingness of independent insurance agencies to outsource their computer and other processing needs to third parties; pricing and other competitive pressures and the Company’s ability to gain or maintain share of sales as a result of actions by competitors and others; changes in estimates in critical accounting judgments; changes in or failure to comply with laws and regulations, including accounting standards, taxation requirements (including tax rate changes, new tax laws and revised tax interpretations) in domestic or foreign jurisdictions; exchange rate fluctuations and other risks associated with investments and operations in foreign countries (particularly in Australia, UK and India wherein we have significant operations); equity markets, including market disruptions and significant interest rate fluctuations, which may impede our access to, or increase the cost of, external financing; and international conflict, including terrorist acts.
 
Except as expressly required by the federal securities laws, the Company undertakes no obligation to update any such factors, or to publicly announce the results of, or changes to any of the forward-looking statements contained herein to reflect future events, developments, changed circumstances, or for any other reason.
 
Readers should carefully review the disclosures and the risk factors described in the documents we file from time to time with the SEC, including future reports on Forms 10-Q and 8-K, and any amendments thereto. You may obtain our SEC filings at our website, www.ebix.com under the “Investor Information” section, or over the Internet at the SEC’s web site, www.sec.gov.

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