Superior customer satisfaction results in record renewals, extended terms of service
TORONTO, ONTARIO — (December 15, 2015) Symbility Solutions Inc. (the “Corporation”) (TSX.V: SY), a global provider of cloud-based and mobile-enabled claims technology for the property and health insurance industries, today announced that it has retained 100 percent of its global contracts up for renewal in 2015. This news comes on the heels of its recent announcements of new customer contracts globally including tripleSAN, Electric Insurance, Wayne Insurance, Acromas Insurance and Cunningham Lindsey.
“Our high level of one-on-one customer support definitely makes Symbility stand out from the competition. The unwavering dedication to our customers’ success and the recognized value of our products and services led Symbility to a 100 percent renewal rate for the year,” commented James Swayze, CEO, Symbility Solutions. “Symbility’s global clients have once again decided to put their confidence in our products and services to help them deliver a market-leading claims experience to their customers. We now have on our global platform over 50,000 users and $4.5 billion in annual claims moving through our mobile and cloud-based application.”
In addition, Symbility announced that 100,000 options were granted to an Officer in accordance with the Corporation’s stock option plan. Each option entitles its holder to purchase one common share of the Corporation at a price $0.27 for a period of ten years from December 11, 2015. The options will vest at a rate of one third per annum on the anniversary date of the grant.
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