U.S. Markets close in 6 hrs 11 mins

Blog Coverage Ebix Acquires WDEV; Set to Become the Largest Insurance Software Services Provider in Brazil

Upcoming AWS Coverage on Simulations Plus Post-Earnings Results

LONDON, UK / ACCESSWIRE / December 27, 2016 / Active Wall St. blog coverage looks at the headline from Ebix, Inc. (NASDAQ: EBIX) as the Company announced on December 23, 2016, that it has acquired Rio De Janeiro-based WDEV Soluções em Tecnologia S/A in an attempt to establish itself as the leading insurance software services provider in Brazil. Under the terms of the agreement, Ebix Latin America, a subsidiary of Ebix, acquired all the outstanding capital shares of WDEV. The purchase was funded entirely through the internal cash reserves of the firm, where, no Ebix's share was issued for the acquisition. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of Ebix's competitors within the Business Software & Services space, Simulations Plus, Inc. (NASDAQ: SLP), released on December 08, 2016, the preliminary revenues for the first quarter of its fiscal year 2017, ending November 30, 2016. AWS will be initiating a research report on Simulations Plus in the coming days.

Today, AWS is promoting its blog coverage on EBIX; touching on SLP. Get all of our free blog coverage and more by clicking on the link below:

http://www.activewallst.com/registration-3/?symbol=EBIX

http://www.activewallst.com/registration-3/?symbol=SLP

The Companies

Ebix is primarily a software and ecommerce solutions provider serving a diversified client base across insurance, healthcare, and finance industries. The portfolio of Ebix comprises of application software products for the insurance industry, including custom software development. Ebix boasts of a pan-nation presence through its more than 40 offices across the world. The firm operates through four channels, which are:

1. Exchanges
2. Carrier Systems
3. Broker Systems
4. Risk Compliance Solutions (RCS)

WDEV, based in Rio de Janeiro, is a specialty software and services firm actively operating across the insurance sector since 2012. The firm is involved in providing Software-as-a-Service, (SaaS) products, operational consulting and processing services to the insurance marketplace. With net revenue run rate amounting to $11 million annually, WDEV offers Migrations, Conversions, Business Process Automation and Business, and IT consulting.

The Insurance Marketplace

Ebix Latin America views WDEV's business as a complementary venture to its insurance software service offerings. As WDEV is recognized across the Brazilian market sphere for its innovation across products and services, it would be the perfect entity to form the single largest insurance software service provider in the nation. WDEV also boasts of extensive domain knowledge of the insurance segment and under the new ‘Ebix Consulting', it will have access to the sales and marketing infrastructure from Ebix.

The insurance industry depends primarily on domain-specific expertise, and collaborating highly-skilled developers and business analysts from Ebiz along with the robust experience of WDEV in the segment is set to boost the business of the complementary ventures. This acquisition will additionally open new doors to cross-selling opportunities and bring in larger deals to Ebix Consulting.

The Insurance Portfolio Expansion

Ebix probably views revenue growth in long-term ventures. Seemingly, it is the reason behind the acquisition of WDEV, after almost 6 years, when it acquired the Rio de Janeiro-based Insurance Exchange, USIX Technologies on September 27, 2010. The insurance market is enjoying a 12%-15% growth in Brazil and through the planned acquisition of WDEV Ebix is set to establish itself as the single largest insurance software service provider in the nation. Ebix speculates that the combination of the two companies can be highly accretive for shareholders of the combined post-merger company, named as Ebix Consulting.

Stock Performance

Ebix's share price finished last Friday's trading session at $58.20, marginally advancing 0.87%. A total volume of 68.98 thousand shares exchanged hands. The stock has advanced 28.52% and 72.83% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the company have skyrocketed 78.63%. The stock is trading at a PE ratio of 21.19 and has a dividend yield of 0.52%.Recently, Ebix executed 3 PSUs (Public Sector Undertakings) in India on September 12, 2016, towards the Socio-Economic Caste Census initiative of the Government of India.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144
Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street