SOURCE: Symbility Solutions Inc.

Symbility Solutions Inc.

October 07, 2014 08:00 ET

Symbility Expands European Footprint

TORONTO, ON--(Marketwired - October 07, 2014) - Symbility Solutions Inc.® (TSX VENTURE: SY), 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 the acquisition of Haus360°, the established nationwide name for software development of property claim estimation in Germany, now rebranded as Symbility Solutions GmbH and offering the full suite of Symbility Solutions' products and services.

Symbility Solutions acquired Haus360° in order to accommodate its increasing growth within the European property and casualty insurance market and increase its employee base. Based in Stuttgart, Symbility Solutions GmbH cloud-based software solutions are offered to the property and casualty insurance industry. 

"Symbility Solutions is committed to furthering our European expansion and this acquisition in Germany gives us a solid base to build our operations and customer support," commented James Swayze, CEO, Symbility Solutions. "European insurance companies are rapidly recognizing the benefits of mobile tools and cloud communication within their property business supply chain and we are positioning our company to capitalize on this market momentum."

About Symbility Solutions Inc.
Symbility Solutions® (TSX VENTURE: SY) 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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