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Assets of Software Company

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Assets of Software Company



Price: Not Specified

Other Item Info
Item #: txnbke_512294
Created: 12/19/2023
Category: Business Property > All Assets or Going Concerns > Software & Computer Services
Sale Date: Fri. Feb 2, 2024
Seller Info
Thomas Califano
Debtor's Attorney
787 Seventh Avenue
New York, NY 10019
(212) 839-5575
Bankruptcy Info
Case #: 8:23-bk-80004
Case Title: Ebix, Inc.
Court: Texas Northern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of assets of Ebix, Inc. and its seller affiliates (the “Sellers”). The sale divided into two (2) sales of the assets:

  • The NA L&A Assets constitutes the operations of the sellers' (i) end-to-end life and annuity exchanges business operating in North America, and (ii) software development and business process outsourcing support services in respect of the foregoing, in each case, as delivered to customers through the following software: TPP/PSS, iHub, EbixHUB, AnnuityNet, LifeSpeed, Winflex, VitalSales Suites, Vertex Product Suite, Vertex-VitalXML, EbixCRM/Smartoffice, Superhighway, Ebix Analytics, Annuity Maintenance Platform, Annuity Case Management, DeliveryNow, Reinsurance Portal, Claims Processor, GeniEbix/Digital Assistants, and Producer Support System (PSS); and
  • The Other Assets constitute the operations of (i) the sellers' health and wellness and other insurance exchanges business, which offers customers, among other things, continuing medical education, raw claims data automation and sequencing, downloading services, a digital-native risk management and claims administration system, and other support services; (ii) the sellers' risk compliance solutions business, which offers, among other things, specialized project management, system consulting services, claims adjudication and settlement services, and insurance certificate management software and services; and (iii) such other North American assets as are deemed necessary and appropriate to be sold by the Debtors in accordance with the terms of the RSA.

Assets are more described on the attached PDF.


Additional Details

  1. Auction Dates: (i) NA L&A Assets: February 2, 2024; (ii) Other Assets: April 9, 2024.
  2. Sale Hearing Dates: (i) NA L&A Assets: February 7, 2024; (ii) Other Assets: April 18, 2024.
  3. Bid Increment: $5,000,000 for NA L&A Assets.
  4. Bid Deposit: 10% of the aggregate purchase price
  5. Bid Deadlines: (i) NA L&A Assets: January 29, 2024; (ii) Other Assets: March 29, 2024.
  6. Last date to respond: (i) NA L&A Assets: February 5, 2024; (ii) Other Assets: April 12, 2024.


Other Information

Terms and Conditions:

See Attached.


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