Northern, WI 06/21/2013 (usastockreport) – The share prices of Ebix Inc (NASDAQ:EBIX) had surged by 44.22 percent to close at $11.00 per share for the end of last trading session on Thursday. The shares of the company had been trading in the range of $9.85 to $12.45 per during the day, which had pushed the company to hit new peaks. The shares of Ebix Inc (NASDAQ:EBIX) had a market capitalization of $408.87 million. The stock opened at $9.90 per share.
Ebix, Inc. (NASDAQ:EBIX) an affiliate of Goldman Sachs Group Inc. have agreed to scrap their planned merger after a U.S. Attorney’s office opened an investigation into allegations of intentional misconduct at the financial-software firm. Shares of insurance software provider Ebix Inc (NASDAQ:EBIX) sank to their lowest level in more than three years after a federal investigation prompted Goldman Sachs Group, Inc. (NYSE:GS). Ebix Inc (NASDAQ:EBIX), announced that the company’s A.D.A.M. multimedia health content will be included on Bing, Microsoft Corporation (NASDAQ:MSFT)’s search engine. More than 59 percent of all U.S. adults go online to search for health information. Now, when people search on Bing, they will find information from the US National Library of Medicine which licenses its data from Ebix. A.D.A.M.’s content provides health consumers with a comprehensive online health information database complete with thousands of physician-written and reviewed articles covering conditions, procedures, treatments, surgeries, and tests in an easy-to-navigate format.
Ebix, Inc. (NASDAQ:EBIX) is an international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial industries. As of December 31, 2011, approximately 77% of Ebix, Inc. (NASDAQ:EBIX) revenues came from on-demand insurance Exchanges. On February 7, 2011 Ebix merged with ADAM, Inc. (ADAM) with a wholly owned subsidiary of Ebix. On November 15, 2011, Ebix acquired Health Connect Systems, Inc. (Health Connect). The company had an institutional investor’s shareholdings as 82 percent. Ebix, Inc. (NASDAQ:EBIX) had an average volume of 20.40 million.