June 16, 2010 15:00 ET

METI Announces Acquisition of Lionis Software

Lionis' WebSP Becomes METI LearningSpace

SARASOTA, FL--(Marketwire - June 16, 2010) -  METI, the worldwide leader in medical simulation technologies and educational software, today announced they are acquiring the intellectual and human assets of Hungary-based Lionis Software, LLC, known for its internationally recognized web-based application, WebSP, an audiovisual and center management system for healthcare education used by leading medical schools including Emory, University of Virginia, Uniformed Services University and Baylor College of Medicine.

The acquisition will expedite METI's plan to roll out LearningSpace, the company's web-based learning management system, which will now be powered by Lionis' WebSP engine. METI has had a long-standing relationship with Lionis, who created the software that powers METIVision, the audio/video management system for simulation-based learning that METI launched in 2007.

"With the addition of Lionis, METI will be able to immediately offer a comprehensive healthcare learning management solution to help our partners better manage their educational environment and optimize the learning experience for their students and employees," said Lou Oberndorf, CEO and Chairman of METI. "We have enjoyed an extremely successful relationship with Lionis for a number of years and we are delighted to have them join us here at METI."

Under the terms of the deal, METI has acquired the company's assets and both US- and Hungary-based employees who will join METI's internal development and product support group to begin work on a number of product initiatives including LearningSpace. Balazs Moldovanyi, CEO, Adam Helybely, CTO, and Delia Anderson, VP Business Development, will become key executives at METI. METI will retain the rights to all Lionis' technologies including WebSP and will assume worldwide product and sales support for those products.

About METI
Based in Sarasota, Florida, METI has been a leader in interactive human patient simulation since 1996. The entire family of METI simulators, including baby, pediatric and adults, are designed to mimic human medical scenarios including trauma, heart attack, drug overdose and effects of bioterrorism. Today, more than 6,000 METI simulators are in use worldwide by defense organizations, medical schools, nursing schools, hospitals and other entities involved in healthcare education. METI is privately owned by Lou Oberndorf and Baird Capital Partners (BCP) of Chicago.

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