Symbility and Marshall & Swift/Boeckh Join Forces
We are pleased to share some exciting news, Symbility Solutions announced that it is acquiring Marshall & Swift/Boeckh’s (MSB) claims division, including contracts, claims employees, software and analytics assets. In consideration for these assets, Decision Insight Information Group, MSB’s parent organization, will be issued shares making them the largest shareholder with one-third stake in Symbility’s parent company, Automated Benefits Corp.
Combining MSB’s 80 years of expertise in property cost data and analytics with Symbility’s leadership in workflow and property estimating technologies will allow us to leverage the specific strengths of each company to offer you new choices, including the alternative, proven enterprise solution many customers want.
I encourage you to read the press release that goes into all the details of the agreement.
The agreement is subject to shareholder, regulatory approvals and other customary closing conditions. We expect these to be completed in April 2012. I encourage you to reach out to Wes Jones, Regional Vice President, 1-866-796-2454 x1043 or w.jones@symbility.net, if you have any questions.
We look forward to the opportunity to join forces with MSB to drive even further innovations for your business.
Sincerely,
James R. Swayze
