Ebix, Inc. (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 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). On June 8, 2012, the Company acquired PlanetSoft, Inc. In June 2012, the Company acquired Fintechnix. In August 2012, the Company acquired TriSystems Ltd., a online insurance trading hub that facilitates commercial insurance and reinsurance transactions between London intermediaries and insurance companies. In May 2014, the Company acquired Healthcare Magic.