TORONTO, ONTARIO -- (Marketwired) -- 04/23/13 -- 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 to announce that it made the list of Canada's top technology companies in the 2013 Edition of the Branham300 report, a comprehensive annual listing of Canada's top publicly traded and privately held Information and Communication Technology (ICT) companies ranked by revenues.
The Branham300 report, which recognizes the top Canadian and Multinational ICT companies operating in Canada, ranked Symbility Solutions 1st in the Top 20 Movers & Shakers category, 6th in the Top 10 Growth Companies category and 144th in the Top 250 Canadian ICT Companies category. Symbility Solutions experienced substantial growth in 2012 with a significant staff and office expansion, the acquisition and integration of the MSB claims division, and a revenue increase of 108% to $16.54 million.
"We are proud to be featured in the 2013 Edition of the Branham300 report and distinguished as one of Canada's top ICT companies," commented James Swayze, CEO, Symbility Solutions. "Our innovative, cloud-based technology continues to gain new ground in the insurance industry with the acquisition of new global clients. We look forward to another promising year and further international expansion."
About Branham Group Inc.
Branham Group Inc. is a leading industry analyst and strategic marketing company servicing the global Information and Communication Technology (ICT) marketplace. Branham Group assists ICT Technology companies and related institutions in achieving market success through its custom consulting services (Planning, Marketing and Partnering), and through its multi-client research subscription programs (Digital Health, Green IT and Cloud). Branham also produces an annual listing of the top ICT companies in Canada (www.branham300.com) and monitors over 450 Digital Health vendors (www.branhamgroup.com/digitalhealth). For more information regarding Branham Group, please visit www.branhamgroup.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 leading-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. Symbility Mobile Claims is now available as a free Android, iPad® and iPhone® application.
Adjudicare is an advanced, practical cloud-based software solution used by a network of Employee Benefits Brokers, Third-Party Administrator partners, plan members and plan sponsors 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. Member and administrator portals, as well as Adjudicare's centralized database, are all available on the same cloud-based platform and can be accessed seamlessly anytime by any user. Adjudicare UnionPro is the only web-based Hour Banking product to provide unions a worry-free solution to track their members' hour banking, benefit plan eligibility, and contribution data.
All trade names are the property of their respective owners.
Symbility Solutions Inc.
Lucy De Oliveira
(416) 359-9339, ext. 1007
Vice President, Consulting Services
613-745-2282 Ext. 117
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