JOHNS CREEK, Ga., June 24, 2019 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries announced that it has successfully built the A.D.A.M. Health services Division in India, with annualized revenue streams of approximately $3.5 to $4 million a year.
In Q2 2019, the A.D.A.M. Health Services division in India deployed new Health services clients like Danisco India, Glenmark Pharmaceuticals, Medley Pharmaceuticals, Cargill India, Orient Electric, Amway India, Abbot Healthcare, Veeba Food, McW Healthcare, Indiabulls Pharmaceuticals, Koye Pharmaceuticals, Corner Store technologies and Modern Advertising Agency etc.
A.D.A.M. is a business unit of Ebix focused on providing innovative health content and education solutions to Doctors, nurses, hospitals, pharma companies, insurance carriers, best-in-class websites, consumer health portals, healthcare, and academic organizations. Its Oakstone continuing medical education (CME) courses serve the medical and dental communities with a vast array of continuing education materials, including recorded conferences, journal reviews and learning systems designed to help practicing medical professionals stay on top of their professions, improve patient care and prepare for certification/recertification exams.
The A.D.A.M. health services business in India today has a strong sales group locally, that is managed and supported by the A.D.A.M. US Division in terms of sales and management support. This India healthcare initiative has been a part of the A.D.A.M. US Division’s efforts to grow its revenue streams worldwide and build up a strong sales footprint that covers key geographies internationally.
About Oakstone
Oakstone, the continuing medical education service is an integral part of Ebix’s A.D.A.M. business unit. It is a leading provider of unbiased, multimedia continuing education. Oakstone serves the medical and dental communities with a vast array of continuing education materials, including recorded conferences, journal reviews and learning systems designed to help practicing medical professionals stay on top of their professions, improve patient care and prepare for certification/recertification exams. For more information, visit www.Oakstone.com
About A.D.A.M.
A.D.A.M. is a business unit of Ebix focused on providing innovative multimedia health content trusted by best-in-class websites, consumer health portals, healthcare, biomedical, medical device, pharmaceutical and academic organizations. For more information, visit the business unit’s website at www.ADAM.com
About Ebix, Inc.
With 50+ offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.
With a "Phygital” strategy that combines 320,000 physical distribution outlets in many Southeast Asian Nations (“ASEAN”) countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in areas of domestic & international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, lending, wealth management etc. in India and other markets. EbixCash’s Forex operations have emerged as a leader in India’s airport Foreign Exchange business with operations in 32 international airports including Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata, conducting over $4.8 billion in gross transaction value per year. EbixCash’s inward remittance business in India conducts approx. $5 billion gross annual remittance business, confirming its undisputed leadership position in India. EbixCash, through its travel portfolio of Via and Mercury, is also one of Southeast Asia’s leading travel exchanges with over 2,200+ employees, 212,450+ agent network, 25 branches and over 9,800 corporate clients; processing an estimated $2.5 billion in gross merchandise value per year. EbixCash’s technology services Division has emerged as a leader in the areas of lending technology, asset & wealth management technology, travel technology in India; besides having grown its international expanse to Europe, Middle East, Africa and ASEAN countries.
Through its various SaaS-based software platforms, Ebix employs thousands of domain-specific technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company’s website at www.ebix.com
