Smart Employee Benefits Inc.
TSX VENTURE : SEB

Smart Employee Benefits Inc.

September 11, 2014 09:12 ET

SEB Announces Technology Partnership with SecureKey

TORONTO, ONTARIO--(Marketwired - Sept. 11, 2014) - Smart Employee Benefits Inc. ("SEB") (TSX VENTURE:SEB), is a technology company which uses a SaaS business model to provide "business processes software solutions and services" to corporate and government clients with specialty practices focused on "managing group benefit solutions and health claims processing environments." SEB is pleased to announce a technology partnership with SecureKey Technologies Inc. ("SecureKey"), the identity and authentication solutions provider that links consumer ID to trusted devices.

MANAGEMENT COMMENTS:

John McKimm, CEO of SEB states, "SecureKey's leading-edge expertise, products and track record in identity and authentication provides highly-secure, easy to use, cost effective and robust business application and portal solutions to customers. SecureKey's high-performance and strong dynamic authentication platform will be integrated into SEB's group benefits and health claims processing solutions. SEB appreciates the importance of preserving the confidentiality of client information. The technology partnership with SecureKey is another step in ensuring SEB's PCI compliant processing environment employs the leading security solutions. SEB is committed to providing our clients the most cost effective and advanced security solutions available in the marketplace today."

Robert Blumenthal, EVP, Marketing & Business Development of SecureKey states, "Organizations tasked with protecting sensitive information have a unique set of challenges in securing data, especially when serving as a broker between multiple parties. SecureKey provides identity federation and authentication solutions that allows SEB to meet security and regulatory requirements to ensure that benefits and health information is safeguarded for all employees."

ABOUT SECUREKEY: SecureKey is the identity and authentication provider for organizations that deliver online consumer services. SecureKey eliminates the need to store passwords by securely linking consumer ID to trusted devices, while providing consumers with the choice, control and convenience over how they access the services they want. SecureKey delivers a high-performance, easy-to-use, strong dynamic authentication platform that reduces the burden, cost, and risks associated with authenticating millions of consumers while also improving the user experience. SecureKey is headquartered in Toronto, with offices in Boston, Washington D.C., and San Francisco. The company is backed by a world-class group of venture and corporate investors.

ABOUT SEB: SEB's core expertise is managing specialized Big Data environments, of which healthcare and benefits claims processing is a major focus. SEB uses a SaaS business model to provide software solutions and services specializing in managing group benefit solutions and healthcare claims processing environments for corporate and government clients. Health Claims Processing alone is a $60.0 plus billion industry, of which over $37.0 billion is employee group benefit plans and over $25.0 billion of other healthcare benefit claims (e. g. workers' compensation claims, travel benefits, various federal and provincial government programs, dental associations, drug associations, etc.). In the employee group benefits industry, SEB operates as a Third Party Administrator and Insurance Brokerage utilizing its software platform to provide "totally hosted PCI compliant supply chain solutions" for managing the complete group benefits business processes between insurers, clients, brokers, consultants, technology service providers and healthcare service providers. In healthcare claims processing, SEB also operates as a systems integrator utilizing its technology platform together with other technologies and specialized practice expertise to provide customized, fully integrated solutions for unique claims environments (e.g. travel claims, student benefits, hospitals, unique government applications etc.). The technology and expertise deployed in this area also allows SEB to provide other related supply chain, systems integration and human resource solutions and services to the same clients.

Forward-Looking Statements

This news release is intended for information purposes only. Statements made in this news release may contain "forward looking" information about the company's future business prospects. These statements while expressed in good faith and believed to have a reasonable basis are subject to risk and uncertainties that could cause actual results to differ materially from those set forth or implied by such forward looking statements. Investors should consult a professional advisor before making any investment decision.

For further information about SEB, please visit www.seb-inc.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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