TORONTO, ONTARIO–(July 2, 2013) – Symbility Solutions Inc.® (TSX VENTURE:SY)(OTCQX:ATBEF), provider of cloud-based and smartphone/tablet-enabled claims technology using the most comprehensive data for the property and casualty insurance industry, is pleased that CoreLogic® (NYSE:CLGX), a leading residential property information, analytics and services provider, has reached a definitive agreement to purchase all of Decision Insight Information Group’s indirect ownership interest in 61,404,748 common shares of Symbility Solutions, contemporaneous with their purchase of Marshall & Swift/Boeckh (MSB) and DataQuick.
« CoreLogic is pleased to announce its agreement to purchase MSB. We believe MSB is a compelling strategic fit with our existing property-related data assets, analytics, and spatial solutions businesses, » stated Frank Martell, Chief Financial Officer, CoreLogic. « We look forward to working closely with MSB and their important partner Symbility, once the transaction is completed. »
« Having CoreLogic as a new strategic partner gives us access to a wealth of data and analytics capabilities that we can offer to our insurance industry customers, » commented James Swayze, CEO, Symbility Solutions. « We believe that CoreLogic will be a strong partner and we look forward to working closely with them and MSB to deliver superior new products and services to our customers in the future. »
About Symbility Solutions Inc.
Symbility Solutions® (TSX VENTURE:SY)(OTCQX:ATBEF) is a global provider of cloud-based and smartphone/tablet-enabled claims technology for the property and health insurance industries. Designed to be flexible and easy-to-use, Symbility Solutions’ two product suites, Symbility Property™ and Symbility Health™, empower insurers to collaborate across the entire claims processing workflow and reduce costs while delivering a market-leading claims experience. For more information, please visit www.symbilitysolutions.com or follow Symbility on Twitter at@symbility and on LinkedIn at symbility-solutions.
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