ATLANTA — Ebix, Inc. (NASDAQ: EBIX), an international supplier of on-demand software and e-commerce services to the insurance industry,  has agreed to merge with A.D.A. M. Inc., (NASDAQ: ADAM), a provider of health information and benefits technology solutions in the United States. Ebix will acquire A.D.A.M. on a debt-free basis for $66 million.

Ebix says the move accelerates its health insurance strategy and that the two Atlanta-based companies have “highly complementary organizations and product families.”

Ebix Chair, President and CEO Robin Raina said, “At a particularly challenging time for the health insurance industry, we believe that this combination vaults the combined company into a powerful role with respect to employers, brokers, carriers and health insurance organizations — together we expect to shape the health insurance industry for years to come.”

Both companies have strong recurring revenue streams, with the merger creating a combined Company with 75 percent plus recurring revenue streams.

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Tags: A.D.A.M., acquistions, Atlanta, Ebix, Georgia, health info & benefits, insurance ecommerce services