TORONTO, ONTARIO–(Marketwire – Dec. 1, 2009) – Automated Benefits Corp. (the “Corporation”) (TSX VENTURE:AUT) is pleased to announce the appointment of Andrew de Groot to Vice President, Global Sales and Marketing for Symbility Solutions Inc. In this role, Mr. de Groot will focus on driving the company’s sales initiatives and developing and maintaining relationships between Symbility and key industry professionals.
As Symbility increases its market share across North America and Europe, the Corporation sought Mr. de Groot to spearhead global sales development efforts and new client acquisition. Mr. de Groot’s career spans over two decades within the insurance industry, having recently served as General Manager of Guidewire Canada where he was responsible for the introduction of Guidewire’s solutions into Canada and had key account sales responsibility in the USA and internationally. He also held various sales positions in high growth or start-up divisions of DWL Inc., Journee Software, NCR Teradata, and SHL Systemhouse. Mr. de Groot has provided insurers all around the globe with e-Commerce, data warehousing, and business intelligence solutions and other core insurance applications.
Commensurate with his appointment, the Corporation granted Mr. de Groot 400,000 stock options on November 30, 2009, vesting in three equal tranches with one-third vesting immediately, one-third vesting in 12 months, and one-third vesting in 24 months, at an exercise price of $0.125.
“We are thrilled to have someone of Andrew’s caliber and experience joining the Symbility team,” states James Swayze, CEO of Symbility Solutions Inc. “With his focus on claims systems sales generation and new client acquisition, Symbility will be positioned to increase its global footprint.”
For more information on Symbility Solutions Inc., visit www.symbilitysolutions.com.
About Automated Benefits Corp.
Automated Benefits Corp., headquartered in Toronto, Ontario, is a software company dedicated to developing applications for the insurance industry. The corporation currently has two subsidiaries, Automated Benefits Inc. and Symbility Solutions Inc.
Symbility Solutions, based in Toronto, Ontario, automates property insurance claims through its two complementary components. Its award-winning mobile claims solution is an estimating tool that increases speed, efficiency and accuracy by allowing on-site claims processing. Symbility.NET is the collaborative workflow management tool that gives every claim participant real-time access to the claims they are working on. The Symbility solution gives users the mobility, speed and control they need to effectively and quickly move onto their next claim.
Automated Benefits Inc. provides the Adjudicare software solution for the adjudication of health and dental claims. This software adjudicates claims in real time, providing clients with the highest level of flexibility available along with complete disclosure on the plan’s financial performance. Automated Benefits Inc. enables their clients to provide an additional level of value-added service in a very cost effective manner. The Adjudicare software supports the adjudication of health and dental claims through local insurance brokers across Canada.
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