TORONTO, ONTARIO–(Feb. 14, 2013) – Symbility Solutions Inc.® (TSX VENTURE:SY)(OTCQX:ATBEF), provider of cloud-based claims technology using the most comprehensive data for the property and casualty insurance industry, is pleased to announce that is has been named one of TSX Venture 50® companies for 2013.
The TSX Venture 50 is an annual ranking of the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors – mining, oil & gas, technology & life sciences, diversified industries and clean technology – based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2012.
« We are pleased to be recognized as a leading growth company on the 2013 TSX Venture 50, » stated James Swayze, Chief Executive Officer of Symbility Solutions. « We welcome the increased awareness and inquiry that follows such an accolade as we are confident in Symbility’s momentum and continued growth. »
The complete list of TSX Venture 50 companies is published on the TSX Venture Exchange website at www.tmx.com.
About Symbility Solutions Inc.
Symbility Solutions (TSX VENTURE:SY)(OTCQX:ATBEF) is a global software company dedicated to developing applications for the insurance industry. The organization currently has two product family brands: Symbility® and Adjudicare®.
The Symbility platform is a cutting-edge, easy-to-use, cloud-based claims processing and estimating technology that optimizes claims performance for the Property & Casualty insurance industry. Relying on the most extensive and defendable property cost data developed by Marshall & Swift/Boeckh (« MSB »), our collaborative workflow management, mobile estimating, claims triage solutions and analytical services allow insurers to reduce costs while delivering a market-leading claims experience. Symbility Claims solutions, used in conjunction with MSB’s Underwriting Solutions, means property insurers now have a dynamic, market-driven enterprise solution. Providing a virtual feedback loop between claims and underwriting systems, this enterprise solution allows insurers to manage property risks more proactively and effectively.
Adjudicare is an advanced, practical web-based software solution used by a network of Employee Benefits Brokers and Third-Party Administrator partners across Canada in the adjudication of health and dental claims. Adjudicare’s rules-based engine and leading-edge features ensure that claims are precisely adjudicated and paid in real-time, giving our partners’ customers optimum flexibility, along with transparent disclosure on the benefit plan’s financial performance.
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