Software provider Ebix says it will continue to buy back shares over the next few years, to increase value to shareholders.

In August the company announced it will buy back $US80 million ($91.44 million) of its shares in the coming months, on the open market and in private negotiations.

Atlanta-based Ebix has about 37 million shares on issue, of which 23 million are held by investor groups that are either insiders or considered long-term holders.