NEWS - Biosign Closes Acquisition of IBL Internet Business Biosign Closes Acquisition of IBL Internet Business Logic Inc.
TORONTO, April 9, 2014 /CNW/ - Biosign Technologies Inc. (TSXV: BIO, the "Company") is pleased to announce that on March 31, 2014, the Company closed the acquisition of IBL Internet Business Logic Inc. The execution of the share purchase agreement was previously announced on December 31, 2013.
IBL Internet Business Logic Inc. is a Saint John New Brunswick-based developer of innovative clinic management software, used primarily by allied health clinics including physiotherapists, chiropractors and registered massage therapists. Unlike competing systems, the ClinicServer and PencilThat solutions are entirely cloud based, and are therefore both more flexible, and easier to install, learn & use. Over 900 clinicians currently pay Biosign a monthly fee to use IBL software, and by July 1, 2014 that number is projected to grow by 75%. We will drive further growth as we integrate ClinicServer with other Biosign software assets.
Biosign CEO Robert Kaul commented: "IBL Internet Business Logic Inc is a technology leader and boasts a very professional team. I'd like to extend a warm welcome the team at ClinicServer, we are happy they are joining the Biosign family."