Michael Sladek Joins EbixExchange USA

EbixExchange USA – a division of Ebix, Inc. (NASDAQ:EBIX) today announced that insurance product and systems expert Michael "Slades” Sladek has joined its team of life and annuity systems professionals.

Dan Delity, senior vice president and division head of EbixExchange, said, "Gaining Mr. Sladek as a new resource is an extremely significant step in our commitment to the life and annuity industry. We’re very excited by the positive impact Mike brings to both our clients and the industry. Mike is a highly-regarded technology expert in our industry and throughout his career has demonstrated a commitment to deliver quality technology solutions that lower costs and improve efficiencies for clients.”

As vice president of sales, Sladek will foster client and industry relationships while overseeing all sales operations for EbixExchange’s core life and annuity systems solutions, VitalSales Suite, WinFlex, LifeSpeed, and AnnuityNet. In addition to advancing deployment of these systems, Sladek will also work to lower industry costs and advance industry technology solutions through Ebix’s expertise in custom systems development, staff augmentation, and business process outsourcing.

With over 20 years of experience in the financial services industry, Sladek has come to be highly regarded by executives at many insurance carriers and a wide variety of distributors. Sladek last served as vice president of VUL sales and marketing at American General Life Insurance Companies where he was responsible for the growth of that company’s portfolio of variable insurance products. Sladek also held senior management positions with Allstate and Chase Insurance, and at technology providers Zebu and at Skywire/IIT Corporation, where as chief marketing officer and vice president of sales he was involved with operations supporting the largest data movement hub in the independent life insurance industry.

About EbixExchange USA

EbixExchange USA is the division of Ebix, Inc. that focuses on research, illustration, transaction processing, and compliance automation for the life insurance and annuity industry. Combining the expertise of pre-merger industry pioneers EbixLife and Finetre Corporation, EbixExchange is a leading developer of electronic Straight Through Processing and currently supports a broad range of insurance agencies, brokerage and clearing firms, and operations centers at over 60 of the leading insurance carriers and their affiliates. For more information, please visit http://www.ebixexchange.com.

About Ebix, Inc.

A leading international supplier of software and e-commerce solutions to the insurance industry, Ebix, Inc., is a publicly-held corporation (NASDAQ:EBIX). Ebix has unparalleled expertise in helping a wide variety of insurance and financial services companies meet their unique needs. With bases in Singapore, Australia, the US, New Zealand, India and Canada, Ebix provides application software products, custom systems development, staff augmentation, and BPO services to more than 3,000 customers on six continents. Ebix is a certified CMMi5 company and has also earned ISO 9001:2000 certification for both its development and call center units in India. For more information, visit http://www.ebix.com.