Ebix Enters Medical E-Learning & M-Learning Markets by Acquiring Montreal Based Taimma Communications

Ebix, Inc. (Nasdaq:

) today announced that it has signed an agreement to acquire Montreal based Taimma Communications Inc., a leading provider of innovative E-Learning medical education solutions to the pharmaceutical, biotechnology and healthcare industries. Ebix also announced that Taimma would be immediately integrated into its A.D.A.M. Health Information Exchange Division. Ebix expects the transaction to be accretive to Ebix Earnings per Share (

). Ebix disclosed that it funded this transaction completely in cash using its existing cash reserves. No Ebix shares were issued and no investment bankers were involved in the transaction on the Ebix side.